Third of investors rebel on Sorrell pay
One third of WPP investors have failed to back Sir Martin Sorrell’s £70m pay deal at the advertising firm’s annual general meeting. BBC News – Business
One third of WPP investors have failed to back Sir Martin Sorrell’s £70m pay deal at the advertising firm’s annual general meeting. BBC News – Business
Sports Direct founder Mike Ashley has admitted to problems with some practices at the company’s Derbyshire warehouse, ahead of his appearance before MPs. BBC News – Business
Sports Direct boss Mike Ashley says he will now go before MPs to defend the company’s “good name” following criticism over working conditions at the firm. BBC News – Business
Some retired steelworkers could see their pensions “largely frozen” under possible changes to the scheme’s rules, a former pensions minister warns. BBC News – Business
UK department store chain BHS is to be wound down, putting 11,000 jobs at risk, after attempts to find a buyer failed. BBC News – Business
The UK’s economy would suffer “a large negative shock” if it left the EU, the Organisation for Economic Co-operation and Development warns. BBC News – Business