Entrepreneur Sir Stelios Haji-Ioannou has been at loggerheads with the board for months over a £4.5bn order with Airbus for more than 100 planes, which he believes the group should cancel.
Construction of the state-of-the-art facility, which will be built in Hertfordshire near the famous Elstree studios, can now begin. It will have 12 sound stages and be equivalent in size to 22 football pitches.
The 49-year-old could pocket the cash if his company’s market capitalisation averages $150bn for six months, making him eligible for the latest tranche of a record-breaking bonus scheme.
Former Deloitte boss Mike Lynch (pictured), who is worth an estimated £469m, made a fortune from Autonomy’s sale to Hewlett Packard. He is now fighting an extradition request from the US.
As a partnership, John Lewis is held to higher standards of governance than other retailers. One can only imagine the pain involved in shutting eight stores and placing 1,300 jobs in jeopardy.
Summing up the crisis facing Britain’s pubs, Greg Mulholland told This is Money: ‘Today is great news for the likes of Wetherspoons but awful for independent pubs.’
The Centre for Economics and Business Research has warned that it does not expect house prices to return to pre-pandemic levels until ‘at least’ 2023.
Priced from £158,000, the Welsh-made DBX is expected to be the biggest seller for Aston Martin, which has endured a turbulent financial period.
The Jet2.com and Jet2Holidays parent company recorded an 11 per cent decline in profits in the year to March 31 despite its revenues jumping by more than a fifth to £3.6billion.
Holders currently earn 1% on balances of up to £3,000. The cut will come on 22 September and is the second reduction in 13 months.
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