Page 40 - Simon Wolfson News Today

Labour’s basic pay declaration is well-intentioned, but will achieve little when zero-hours contracts and weak enforcement undermine employment law

Amid the petrol crisis and labour shortages, hardline MPs continue to celebrate the damage that Britain has inflicted on itself

Reiss executive Christos Angelides announced a collaboration with mens sportswear brand Castore, which backed by British tennis great Andy Murray (pictured).

Reiss executive Christos Angelides announced a collaboration with mens sportswear brand Castore, which backed by British tennis great Andy Murray (pictured).

Some FTSE 100 (INDEXFTSE:UKX) stocks have done very well over the last year. Paul Summers looks at three examples, all of which report in September.

BBC that it was “assessing the situation in Myanmar, according to internal policies and procedures”. News agency Reuters said it too was not currently using its Sule Square office and has been reviewing its tenancy. The £88.5m Sule Square complex is based in the city of Yangon where widespread protests and civilian killings have occurred over the last three months. Telecoms Norway’s state-owned telecoms operator Telenor also uses the complex and said it had known the land was military-ow...

James Davey 3 minute read A Next store is pictured on Oxford Street as the spread of coronavirus disease (COVID-19) continues in London, Britain, April 15, 2020. REUTERS/John Sibley British fashion retailer Next (NXT.L)raised its full-year profit guidance for the second time in two months as it reported better than expected first-quarter trading, but cautioned it did not expect a post-lockdown surge in sales to endure. Next, which trades from about 500 stores as well as online, said on Thursda...

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SHARE British fashion retailer Next upgraded its full-year profit forecast for the second time in two months on Thursday, after sales soared when stores were allowed to reopen in April following the latest lockdown. Sales in the past three weeks were significantly higher than in the same period last year, with pre-tax profit in the 2021-2022 fiscal year now expected to be £720 million ($1 billion), up from the companys £700m April forecast. Read More Simon Wolfson, chief executive of Next, sa...

Nexts boss saw his pay rise by close to a third after the company’s profits were swelled by £196million of Government support. Simon Wolfson, who has run Britain’s largest fashion retailer since 2001, earned £3.4million in 2020, up from £2.6million in 2019. His pay last year included a £2.4million bonus. Next received £114million under the Government’s Job Retention Scheme, and saved £82million from the business rates holiday, designed to help struggling firms on the High Street.