B&M appoints ex-Tesco executive as new CEO May 15, 2025 Household goods retailer B&M has appointed ex-Tesco executive Tjeerd Jegen as its new CEO. Jegen will succeed Alex Russo, who joined the company in 2020 and was promoted to the top job in 2022. Group CFO Mike Schmidt will continue to lead the business until 16 June. Liverpool-headquartered B&M announced Russo’s departure in February this [...]
Direct Line suffers shareholder revolt over CEO’s huge pay day May 14, 2025 The group behind Direct Line has suffered a huge revolt by its shareholders over its chief executive being handed a huge pay day ahead of its planned £3.7bn takeover by Aviva. In March, Morning Wire reported that Adam Winslow took home a pay packet of more than £7.8m for the insurance giant’s latest financial year. [...]
Travis Perkins: New CEO named after torrid year and FTSE 250 shares slump May 9, 2025 The man chosen to lead an almighty rebuilding project at construction supplies giant Travis Perkins has been named. Gavin Slark has been picked as the Northamptonshire-headquartered company’s new chief executive and is set to take up his role no later than 1 January, 2026. Slark has held the same position at SIG since 2023 and [...]
Centrica: FTSE 100 British Gas owner suffers huge backlash over CEO pay rise plans May 8, 2025 Centrica, the FTSE 100 parent company of British Gas, has suffered a huge backlash to plans to hand its chief executive a hefty pay rise. Morning Wire reported in March that the CEO took home £4.3m for Centrica’s latest financial period, down from the £8.2m he received in the prior year. Chris O’Shea, who has been [...]
Tesco: CEO takes home bumper pay packet after profit jump May 8, 2025 The CEO of Tesco took home more than £9m as sales and profit at the supermarket giant beat expectations. Ken Murphy received a pay packet of £9.23m for the company’s latest financial year, down from the £10.24m he took home in the prior 12 months. According to Tesco’s annual report, the CEO’s remuneration was made [...]
Plus500 suffers huge shareholder revolt against top pay packets May 6, 2025 Plus500 has suffered another huge shareholder revolt against its remuneration report. At the London-listed company’s annual general meeting (AGM), more than 51 per cent of votes were cast against the report which was included in its recent annual report. At the AGM, more than 22 per cent of votes were also cast against the re-election [...]
London Stock Exchange suffers shareholder revolt over CEO’s bumper pay day May 1, 2025 The London Stock Exchange Group has suffered a huge shareholder revolt against its chief executive’s bumper pay packet. More than 30 per cent of votes were cast against the group’s remuneration report which saw CEO David Schwimmer take home £7.8m for the group’s latest financial year, up from the £5.3m he was paid for 2023. [...]
Ladbrokes owner Entain appoints new top boss April 29, 2025 Ladbrokes and Coral owner Entain has named Stella David as its permanent chief executive, effective immediately. David, who had twice served as interim CEO, steps into the role on a full-time basis as the company seeks to ‘stabilise leadership and accelerate strategic growth’. Pierre Bouchut, interim chair of the global sports betting and gaming group, [...]
The UK isn’t celebrating risk takers and wealth creators – Castore boss April 29, 2025 The UK is at risk of “taking too many steps down a road of not wanting to celebrate risk takers and wealth creators”, according to the co-CEO of sports apparel brand, Castore. Tom Beahon, who shares the top job with his brother Phil, added “there’s not a lot of incentive for anyone to take risks [...]
I quit Canada and created £1bn Castore empire April 25, 2025 Cast your eye over the numerous growth lists that get churned out multiple times a year and there is one name that keeps cropping up towards the sharp end – Castore. The Manchester-headquartered brand has been on a skyrocketing journey since being founded by two Merseyside brothers in 2016. But Tom Beahon, who shares CEO [...]