The FTSE 100 index closed down 0.87 per cent or 66.41 points to 7,537.37 this afternoon, while the FTSE 250 index finished down 1.24 per cent or 271.35 points to 21,557.59.
Standard Chartered boosted its staff bonus pool by 38 per cent to $1.4billion in 2021, even amid the bank’s ongoing cost-cutting efforts.
London-headquartered StanChart said the payout hike reflected a normalisation of bonuses after a lean 2020, but it also reflected a hot hiring market as lenders worldwide pay up to retain key staff.
Nestle has posted ‘cautious’ guidance for its financial performance in 2022, with the food giant highlighting uncertainties around rising costs.
Reporting better-than-expected results for 2021, CEO Mark Schneider said Nestle has a ‘certain element of caution for our guidance for 2022 given the inflationary environment’ but the firm did not offer a precise outlook for inflation this year, saying it was more important to stay flexible.
Apple boss Tim Cook is facing a shareholder revolt over his £73million pay packet. The chief executive, one of Silicon Valley’s leading equality campaigners, has been blasted for the huge sum he was awarded last year.
It was Cook’s first stock award since 2011 and his overall package comprised £60m in shares, a £9million cash bonus, £2million in salary as well as personal security and private jet usage.
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