Singing the blues over ‘broken’ boss pay

Vote against Weir plan reflects wider dismay at efforts to recast remuneration

Barclays: the eagle is stranded

Results illustrate why the big blue bird of banking is down in the pecking order

Brexit: the first 100 minutes

1 minute: Sterling dumped. 100 mins: Sterling recovers. Johnson bids for PM job. Sterling tanks

BHS and the demonisation of Philip Green

Retail chain’s collapse reads like a contemporary morality tale

A0P450 Team member taking iron samples using a lance on Blast Furnace No 5 at Corus Port Talbot Steelworks South Wales UK
©Jeff Morgan/Alamy

Javid more Sontaran than Thatcherite

Business secretary offers to take a state stake of up to 25% in any buyout of Tata Steel UK

Anglo American’s rumble in the jungle

Significant minority of investors set to vote against the pay of chief executive Mark Cutifani

The market should woo family businesses

The quoted company sector might flourish if family control was tolerated there too

Rakesh Kapoor, Chief Executive Officer of Reckitt Benckiser.

Reckitt should not have easy ride on pay

Rakesh Kapoor’s incentives are too narrowly linked to the market

BP shareholders sniffy over Dudley’s pay

City nostrils are twitching for the scent of other corporate fat cats

FILE PHOTO - RHM FOOD MR KIPLING CAKES
Hovis-to-Mr Kipling firm RHM today backed a £1.2 billion takeover by Branston Pickle owner Premier Foods.
The proposed tie-up will create a business with annual sales of around £2.6 billion - almost all of which will be in the UK.
Premier Foods' other brands include Hartley's, Angel Delight and Quorn, while RHM is also known for Paxo, Bisto and Sharwoods.
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Premier, which focuses on the grocery and food product segments, said the deal strengthened its relationship with the major UK food retailers.
It added that there would be £85 million of annual savings and benefits from integrating the two businesses, but did not detail the impact on jobs.
Premier said it would combine RHM's culinary brands and cake divisions into its grocery operation, while keeping RHM's breads business as a separate arm.
RHM employs more than 15,000 people at 50 locations in the UK and France, while the business generated sales in excess of £1.5 billion last year. St Albans-based Premier has around 3,000 staff and sales of £790 million in 2005.
Photograph by Jason Bye
Credit Mandatory
t: 07966 173 930
e: mail@jasonbye.com
w: http://www.jasonbye.com

Mr Kipling’s exceedingly bad handling

Premier Foods’ shareholders would have been better off if McCormick had taken over

FCA dares to tackle outdated IPO ritual

Regulator casts a critical eye on the asymmetries riddling flotations

How Nomura’s angel fell to earth

Aspirations to the top flight have been relegated to an ambition to survive

Politics can turn deal heroes into zeros

Political and regulatory opposition to takeovers is growing following last year’s deal surge

New M&S boss proves politically adept

Corbyn and Cameron could learn a thing or two from Steve Rowe

Parcel problems for UK Mail

When it comes to excuses, the public sector cannot compete with privatised businesses

FCA goes big to prove it is font of wisdom

The regulator has taken a leaf out of the banks’ book to flag its scope and strategy

Rich pickings in other people’s money

In wealth management, takeovers can mean that everyone gains

The downside of the Chinese M&A boom

One alternative reason for flood of deals — capital flight — should give pause for thought

Lessons for Tories over steel aid pleas

Tata’s withdrawal triggers demands for state support for a failing industry

Sugar tax sours AG Barr

Irn-Bru maker particularly sensitive to chancellor’s not-so-sweet measures

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ABOUT LOMBARD

Jonathan Guthrie Jonathan Guthrie is the City editor of the FT. He writes and edits Lombard, the column that dissects the big deals and bigger personalities dominating London’s financial centre. A popular read with senior City executives, Lombard blends analysis with humour. A veteran observer of British business, Jonathan has been an FT columnist since 2003, an FT staff member since 1993 and started as a capital markets writer in 1987.

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Kate Burgess


Kate Burgess is the FT's Small Talk columnist and Corporate Correspondent. She has worked at the FT for nearly 20 years in various roles, most recently as investment correspondent. Before the FT she worked as a stock broker.

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