Advertisement
UK markets open in 49 minutes

  • NIKKEI 225

    38,435.92
    +883.76 (+2.35%)
     

  • HANG SENG

    17,181.95
    +353.02 (+2.10%)
     

  • CRUDE OIL

    83.53
    +0.17 (+0.20%)
     

  • GOLD FUTURES

    2,342.30
    +0.20 (+0.01%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,505.33
    +4.37 (+0.01%)
     

  • CMC Crypto 200

    1,417.39
    -6.71 (-0.47%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Persimmon CEO to set up charitable trust after bonus plan criticism

Reuters

LONDON (Reuters) - The boss of British housebuilder Persimmon (PSN.L) said on Wednesday he would set up a charitable trust after facing criticism over an incentive plan that could see him receive share options worth over 100 million pounds ($138.67 million).

The firm's chairman and the head of its pay committee quit last year after they failed to curb the scheme which was criticised by some British media.

"I recognise and profoundly regret that Persimmon's strong performance over the last few years is being eclipsed by the controversy surrounding the 2012 LTIP (long-term incentive plan)award," Chief Executive Jeff Fairburn said on Wednesday.

"I am setting up a private Charitable Trust which I plan to use to benefit wider society over a sustained period of time by supporting, in a very meaningful way, my chosen charities."

(Reporting by Costas Pitas; Editing by Alistair Smout)