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...Smith & Nephew had given a “compelling rationale” for paying more to its US-based leaders, Glass Lewis said....
...Smith & Nephew’s share price is down 8.3 per cent over the past 12 months and is up 1.6 per cent this year....
Bank of China and ICBC in a group of four banks behind £190mn loan that matures end of April
...Michael Gove has launched a legal action to force the landlord of a Canary Wharf apartment complex to pay £20.5mn towards building safety works, as the UK government increases efforts to pursue the owners...
...Proposed pay increases for executives at companies with large international operations such as the London Stock Exchange Group and medical devices manufacturer Smith & Nephew have sparked debate among investors...
...Smiths declined to comment. Keel and Envista did not respond to requests for comment....
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
Collapse will cause economic damage and bring new focus on quality of US infrastructure
...Michael Perry, a speaker at the show, recommends ditching high-maintenance lawns. “The only reason we have them is because we think our neighbours expect us to,” he says....
...“I’ve done it all my life with Michael – if he’s in the lead, I try to beat him. If I’m in the lead he tries to beat me,” says John....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...Helped by October’s temporary lifting of sanctions and increases in Chevron’s oil joint venture, Venezuela has boosted crude production to an average of just over 800,000 b/d in the first quarter of this...
...The Brooklyn Tower Two years ago the developer Michael Stern toasted his super-tall tower at 9 DeKalb Street as “a symbol of Brooklyn’s unceasing drive and ambition.”...
...Peru’s Rolex scandal: Peruvians have watched the political scandal involving their president Dina Boluarte with a mix of weariness, disgust and despair, writes Latin America editor Michael Stott....
...The state-run oil producer said the energy ministry had ordered the move which would have increased its daily output from 12mn barrels a day to 13mn b/d by 2027....
...CERAWeek: Chevron chief executive Michael Wirth addresses the energy conference a day after ExxonMobil chief Darren Woods spoke about the tense dispute with its rival in Guyana. Here’s what he said....
...US Federal Reserve: Michael Barr, the Fed’s vice-chair for supervision, speaks at the National Interagency Community Reinvestment Conference in Portland, Oregon. Five more top stories 1....
Adviser was working on the overhaul of a Nasdaq-listed group that US regulators charged with fraud
...Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...Family trust sees glass half Fuller Like its hospitality peers in a sector grappling with a cost base that has risen significantly compared with pre-pandemic times, pub operator Fuller, Smith & Turner isn...
...No mention of the B-word, then....
...Between September 2000 and September 2023, 7,782 conflict deaths in the Gaza Strip were recorded by B’Tselem, a Jerusalem-based non-profit organisation....
...The last UK national to be director-general was the physicist Professor Sir Christopher Llewellyn Smith, who stepped down in 1998....
...Ryanair chief executive Michael O’Leary said he was “genuinely not sure” how many of the 737 Max planes the US company would deliver in time for the peak summer months....
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