James Hurley

5 days ago | thetimes.com | James Hurley

The pay of Marks & Spencer’s boss climbed to £7.1 million thanks to improved performance at the retailer before a cyberattack that is expected to hit profits by £300 million. Stuart Machin, chief executive, saw his pay increase by 39 per cent in the year to March because of a rise in performance-linked bonuses. Machin’s turnaround was bearing fruit before the business was struck by a cyberattack on the Easter weekend, which stripped £1 billion off its market value.

5 days ago | thetimes.com | James Hurley

Commercial landlords have been warned they could be told to repay “massive” sums received from insurance commissions after a High Court judge told the owner of London’s Trocadero Centre to return payments to a tenant. Insurance experts fear the industry could be facing a “nightmare” as rebates are sought in the wake of the ruling, which found that commissions paid to a landlord should not count as part of the “premium” paid by tenants.

1 week ago | thetimes.com | James Hurley |Emily Gosden

It said it would "remove barriers to extraction" and amend a threshold at which pension trustees can share a surplus with employers. The government hopes the plans will support investment and productivity. However, the Pension Security Alliance, a new group, warned ministers that pension schemes were "not piggybanks for others to dip into".

1 week ago | thetimes.com | James Hurley |Emily Gosden

1 week ago | thetimes.com | Marcus Leroux |Rosa Furneaux |James Hurley