Co-operative boss Steve Murrells
The chief executive of Co-operative Group, Steve Murrells, 52, landed just over £2million in pay after only ten months in the job.
He started on March 1 last year, and £1.2million of his earnings came in bonuses. Predecessor Richard Pennycook left the business at the end of March 2017 and was paid £870,000 for his final months.
Former Tesco boss Matt Davies, 46, has been appointed chairman of arts and crafts chain Hobbycraft, replacing Archie Norman. He had quit Tesco earlier this year following its £3.7billion merger with wholesaler Booker.
Engineering giants Rolls-Royce and BAE are among backers ploughing a further £26.5million into UK company Reaction Engines, which is developing an engine to revolutionise air and space travel.
Oil titan BP is teaming up with Brazilian state-owned firm Petrobras for joint ventures, which could include drilling, exploration, trading and research.
UK power group National Grid issued a warning over profits after a £140million hit from ferocious US storms.
Annual headline group earnings will be lower than expected, but will be ‘largely offset’ by £60million from changes to finance costs and a lower US tax charge of 24 per cent.
Wall Street bank JP Morgan is being sued for allegedly charging surprise fees to customers who bought bitcoin by credit card. Angry traders are taking it to court in New York.
Large investment banks are spending £26billion a year to comply with global regulation introduced since the financial crisis, says lobby group Association for Financial Markets in Europe.
Private healthcare provider Advinia has bought 22 Bupa care homes, increasing its beds more than 500 per cent to 3,250.
AIM-listed SDX Energy has found gas at a well in Egypt, after drilling to 9,068ft.
Scandinavian airline SAS has bought an A330-300 from Airbus for its long-haul fleet. The plane, which has a Rolls-Royce Trent engine, will join the network in the second quarter of 2019.
Internet bank Tandem is launching its first savings product this summer – an instant-access account paying 2.3 per cent.