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Bonuses for Carillion bosses are blocked

Bosses and directors of Carillion will not get bonuses or severance payments, the government has said. The Insolvency Service said no such payments had been made since the construction firm collapsed on Monday.The announcement comes as work on Carillion’s public sector construction sites is paused pending decisions about their …

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Carillion audit chair faces calls to quit Victrex

The Carillion director who chaired its audit committee for six years is under mounting pressure to quit‎ the board of Victrex, the listed polymer manufacturer. Sky News has learnt that a number of leading institutional investors plan to write to the board of Victrex to demand Andrew Dougal‎’s resignation …

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Tesco delays Clubcard changes after outcry

Tesco is delaying changes to its Clubcard rewards scheme after an outcry from customers over how it would reduce the value of some of its popular voucher offers. Britain’s biggest supermarket said on Monday that it had “simplified” the scheme, which offered shoppers the chance to redeem vouchers at …

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Wagamama and Pret seek to reduce plastic straw usage

Pret a Manger and Wagamama have become the latest companies to announce an end to automatically providing plastic straws.Customers will be offered a paper alternative, and plastic straws will be available only on request.The firms’ decision comes after Theresa May called plastic waste one of the “environmental scourges of …

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New nuclear plant at Sizewell '20% cheaper than Hinkley'

EDF Energy has said it could build a new nuclear power station in Suffolk for significantly less than the near £20bn Hinkley Point C site.Chief executive Simone Rossi said there could be a capital cost reduction of 20% for a proposed new plant at Sizewell, Suffolk.Work has started on …

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Tesco delays Clubcard rewards cut after backlash

Tesco is delaying a cut to its biggest Clubcard rewards after it faced a backlash from customers.The supermarket announced on Monday that the value of its reward vouchers was changing immediately, provoking an angry response on social media.It has now pushed back a drop in the most generous rewards …

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