Page 41 - Simon Wolfson News Today

Last modified on Tue 20 Apr 2021 15.23 EDT Lord Simon Wolfson, the boss of the Next fashion and homewares chain, received a 28% pay increase last year to almost £3.4m despite forgoing his annual bonus and taking a cut in basic salary. Next said it did not feel that paying out an annual cash bonus, which amounted to £350,000 for Wolfson the year before, was appropriate given that the company had not paid dividends to shareholders. Wolfson and other directors and top managers in the business al...

FTSE wipes out last week’s gains on weak tobacco The US proposals would be designed to make cigarettes less addictive (Chris Radburn/PA) The FTSE 100 has wiped out all of last week’s gains and more as it plunged 2% on Tuesday amid a bad day for big tobacco. The index joined in a global stock market rout on Tuesday, ending the day at 6,859.87, down 140.21 points. It pushed it back through the symbolic 7,000 point mark that the FTSE smashed last week for the first time since February last yea...

Next boss sees pay balloon to £3.4m despite pandemic woes April 20, 2021, 3:32 pm The boss of Next has seen his annual pay soar to a five-year high of £3.4 million thanks to a bumper shares award (PA) The boss of Next has seen his annual pay soar to a five-year high of £3.4 million thanks to a bumper shares award as the retail giant weathered torrid high street conditions amid the pandemic. Chief executive Lord Simon Wolfson enjoyed a 28% pay hike thanks to a £2.4 million long-term shares ...

0 Engagements LONDONAfter more than three months of enforced closure due to the pandemic, non-essential stores in England reopen their doors today, hoping that the escape from lockdown will fuel a trading boom. Industry lobby group, the British Retail Consortium, estimates stores have lost £27 billion (S$49 billion) in sales over three lockdowns, while 67,000 retail jobs were shed last year alone. Some 17,532 chain store outlets vanished from high streets, shopping centres and retail parks acr...

After more than three months of enforced closure due to the COVID-19 pandemic, non-essential stores in England reopen their doors on Monday, hoping that the escape from lockdown will fuel a trading boom.

10 Apr 2021 / 09:00 H. * Next CEO says move is "big step" * Orders switched to Bangladesh, Cambodia and China * Primark, H&M, and Benetton have also paused orders (Adds detail of where Nexts orders have gone instead) By James Davey LONDON, April 1 (Reuters) - Britains Next on Thursday joined a growing list of European clothing retailers suspending new production orders with factories in Myanmar in the wake of Februarys military coup. Myanmar has been rocked by protests since the army overthrew...

_111442511_pa-18587209 * Next CEO says move is "big step" * Orders switched to Bangladesh, Cambodia and China * Primark, H&M, and Benetton have also paused orders LONDON, April 4 (Reuters): Britains Next has joined a growing list of European clothing retailers suspending new production orders with factories in Myanmar in the wake of Februarys military coup. Myanmar has been rocked by protests since the army overthrew the elected government of Nobel laureate Aung San Suu Kyi on F...

By Karen Peattie FASHION and homewares chain Next lifted its full-year profit expectations as online sales rebounded in the past eight weeks but pre-tax profit for the year to January 2021 slumped by more than half to £342 million from £749m a year ago. Total group sales dropped 17 per cent to £3.6 billion. Next, which operates nearly 500 stores, predicted the shift to online sales during the coronavirus pandemic will continue and said it accelerated part of its planned capital expenditu...

By Reuters Staff (Adds detail) LONDON, April 1 (Reuters) - Britain’s Next on Thursday joined a growing list of European clothing retailers suspending new production orders with factories in Myanmar in the wake of February’s military coup. Myanmar has been rocked by protests since the army overthrew the elected government of Nobel laureate Aung San Suu Kyi on Feb. 1 citing unsubstantiated claims of fraud in a November election. At least 536 civilians have been killed in protests, 141 of them...

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