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...Pay has been a source of antagonism for Smith & Nephew. In October 2019, Namal Nawana quit after 18 months as chief executive because the company would not meet his pay demands....
...Consolidated financial statements are supposed to present the finances of a parent and its subsidiaries as a single group....
...The group would use mutuality as a pitch to pension trustees, chief executive Barry O’Dwyer told me....
...The business department did not respond to a request for comment. Downing Street said the government would not comment on active legal proceedings. Additional reporting by Robert Smith...
...O’Connor will be leaving Goldman Sachs Asset Management as the firm undergoes a reorganisation, in December forming a global product strategy group to be oversee new public markets offerings....
...Legal & General did £3.2bn of deals last year, Just Group £0.4bn in the same period and Pension Insurance Corporation a cumulative total of £2.5bn as at June last year, while Rothesay does not do any, according...
...Rachel Reeves, the UK’s shadow chancellor, has promised no rise in corporation tax from its current rate of 25 per cent under a Labour government if the party wins the general election later this year....
...on a family holiday to the Caribbean with the financier on his superyacht....
...Cynthia O’Murchu is an FT investigative reporter. Robert Smith is an FT capital markets correspondent Follow @FTMag to find out about our latest stories first...
...Alongside the freeze on corporation tax, Reeves announced a Labour government would keep the “full expensing” regime....
...A&M, which has its headquarters in New York, declined to comment. Wall did not respond to requests for comment. A lawyer for Brooge declined to provide a comment for publication....
...Read more of O’Leary’s comments. 4. President Volodymyr Zelenskyy has told the US that Ukraine needs the $60bn aid currently stuck in a congressional stand-off within a month....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...The ruling noted that a court-appointed expert had found a number of specific examples of “incomplete” disclosures, such as “encrypted” messages and a reference to a letter “sent via an undisclosed Google...
...In his letter, Smith claimed that Cameron could be seen as a shadow director given his role as a “driving force of the business”....
...Chris Hayward, policy chair at the City of London Corporation, said the authority was “hungry for growth” and would adopt a “flexible” approach in negotiations with developers in an effort to attract companies...
...One senior UK investment banker said there was “a bit of a brain drain” away from listed corporations towards private equity-backed businesses....
...“A business can generally claim tax deductions for expenses incurred that are closely connected with its trade, even if this is a compensation payment,” said Tim Stovold, partner at Moore Kingston Smith,...
...Despite the CBI’s reduced size and a boycott by ministers earlier this year, Newton-Smith said its clout was undiminished ahead of the Autumn Statement....
...Here’s what else I’m keeping tabs on today: Biden’s budget: The White House will release the forecast for the president’s fiscal budget for the coming year, including an increase of corporation tax and...
...It’s a very restrictive model.”...
...Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, warned of “significant downside risks to the banking industry”....
...FT Globetrotter goes for a deep — and delicious — dive into the past and present of a storied neighbourhood. Additional contributions from Camille De Guzman and Gordon Smith...
...“This is not a new development but a long-running dispute relating to a contested deferred consideration from 2019 which GFG is challenging through legal means,” GFG said....
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