Nick Budden, founder of Flavor Forward Strategy, a consultancy helping food brands innovate with purpose, joins to talk about the psychology of behavior…
The estate agency told investors on Thursday that rising interest rates, inflation, and harsher economic conditions would lead to a more subdued sales market in the first half of this year.
The estate agency told investors on Thursday that rising interest rates, inflation, and harsher economic conditions would lead to a more subdued sales market in the first half of this year.
Foxtons and Dominos hit by shareholder revolts over bosses’ pay
Henry Saker-Clark, PA City Reporter
22 April 2021, 4:25 pm
Shareholders at estate agent Foxtons and pizza chain Dominos have revolted against pay packages for bosses at the two listed firms.
Both companies, which held Annual General Meetings on Thursday, saw more than a third of investors vote against remuneration reports.
Foxtons has said that almost 40% of its shareholders voted against its annual pay report at its meeting, which was held virtually due to pandemic restrictions.
The estate agent came under fire after it said it would pay bonuses to executives despite using furlough support and business rates relief from the state.
BBC News
By Sarah Corker
image copyrightGetty Images
Shareholders at the estate agency Foxtons have revolted against pay packages including a near £1m bonus for the firm s chief executive.
Almost 40% of investors voted against its annual pay report at the company s AGM today.
That was not enough to block the pay plan, but the board promised to review future pay.
Shareholder groups were critical of the plans after Foxtons took government coronavirus support.
They were unhappy with the plan to pay chief executive Nick Budden a short term bonus of £389,000 and more than half a million pounds in shares.
The estate agency furloughed the majority of its staff for several months during the first lockdown and took around £4.4m from the furlough scheme, as well as £2.5m in business rates relief.