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Sky News
Elon Musk’s huge pay package approved by Tesla shareholders – along with move to Texas
Tesla shareholders have approved Elon Musk’s multi-billion-dollar pay package.The package is now worth $44bn (£34bn). The package was once as much as $56bn (£44bn) but has declined in value in tandem with Tesla’s stock. The proposal passed despite opposition from some large institutional investors and proxy firms.Onstage at the annual shareholder meeting in Austin, Texas, …
Business
Business Live
Bristol PR agency reports growth surge as it appoints new deputy managing director
Bristol corporate communications agency Ambitious has reported a surge in revenue growth for the year. The Clifton-based firm is on track to turn over £2.2m in 2024 – up 33% on the year previously. It announced the news along with a number of new appointments. Laura Lear has joined as the company’s new deputy managing …
Business
Evening Standard
Peel Hunt hints at rebound in London IPO market after ‘difficult’ year
Losses at Peel Hunt have doubled over the past year, but the investment bank hinted at a rebound in the City following a slew of companies leaving the UK financial markets.The company reported a pre-tax loss of £3.3 million in the year to the end of March, greater than the £1.5 million loss reported the …
Business
Evening Standard
Motorpoint losses widen in ‘most difficult’ year in its history
The boss of used car supermarket Motorpoint has bemoaned the “most difficult” year in the group’s history as annual losses widened after being hit by a shortage of second-hand vehicles and slumping demand.The firm revealed pre-tax losses of £10.4 million for the year to March 31, against losses of £300,000 the previous year, as sales …
Business
Euro News
Mexican billionaire buys major stake in BT as new strategy takes hold
Business
Evening Standard
Renishaw’s David McMurtry to step down as chairman after 50 years in top jobs at the engineer
 One of the longest runs at the top of a major British company is coming an end after FTSE 250 engineer Renishaw today announced its founder is stepping down as chairman. Sir David McMurtry will bring the curtain down on 50 years in senior positions at the maker of precision equipment used in metrology and healthcare. Now …
Business
Sky News
Housebuilder issues profit warning as interest rate cut delay hits market demand
Demand in the housing market tailed off last month as hopes of a Bank of England rate cut faded, according to an industry report released just hours before a major housebuilder issued a profit warning.A monthly study by the Royal Institution of Chartered Surveyors (RICS) pointed to a drop in prices during May. At that …
Business
Evening Standard
Fuller’s serves up soaring profits despite cost-of-living crisis
Pub group Fuller, Smith and Turner’s sales rose by a tenth last year, as the company defied high inflation to post a nearly 60% rise in profit.The London-listed company said like-for-like sales rose 11% for the year ending March 30, while revenue rose 7% to £359.1 million.Fuller’s said its central London locations brought in particularly …
Business
Euro News
G7 summit opens with deal to use Russian assets for Ukraine
Business
Evening Standard
Virgin Money warns of ‘headwinds’ ahead of £2.9bn takeover
Virgin Money has warned of “headwinds” from interest rate cuts and said it will face cost pressures as it pauses some restructuring efforts ahead of its £2.9 billion takeover.The high street lender – which agreed in March to be bought by rival Nationwide Building Society – reported an 18% rise in pre-tax profits to £279 …
Business
Euro News
Fed rate decision: Implications on the European stock markets
Business
Sky News
Musk cheers ‘wide margin’ of support for record $56bn Tesla pay package
Elon Musk has claimed a “wide margin” of support among Tesla shareholders for a $56bn pay package due to him but which was blocked by a court.A new shareholder vote was ordered after a judge in Delaware ruled in January that the 2018 awards had effectively been controlled by the billionaire, as the board had …

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