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WH Smith faces row over new chief’s pension award

WH Smith faces row over new chief’s pension award

Business
WH Smith risks becoming the first major company to face a pay backlash this year after an influential adviser warned investors over the pension award to its new chief executive.Sky News has learnt that the voting advisory service run by the Investment Association (IA) has issued a red-top notice - its strongest-possible objection - over the high street retailer's remuneration report ahead of this month's annual general meeting. The IA's alert relates to the fact that Carl Cowling, who recently took over as WH Smith's chief executive, is being paid a pension contribution worth 12.5% of his salary - a proportion higher than the average paid to the company's workforce.The investor body has run a prominent campaign over the last year aimed at forcing blue-chip to curtail pension perks for thei...
Amazon investment in Deliveroo faces in-depth inquiry

Amazon investment in Deliveroo faces in-depth inquiry

Business
Amazon's planned investment in Deliveroo, which includes a minority stake in the online food courier, has moved a step closer to being potentially blocked by a UK regulator.The Competition and Markets Authority (CMA) had given the companies five days earlier this month to address its concerns that the deal could lead to customers and businesses facing higher prices and poorer service. But the watchdog said in a statement on Friday that it had received no undertakings from the pair and it was to begin a so-called phase two inquiry. Image: The CMA has previously blocked a planned merger between Asda and Sainsbury's Such an investigation can last for months and could ultimately recommend the deal is blocked.It was the result of a £450m f
World ‘faces 80% calorie increase by end of century’

World ‘faces 80% calorie increase by end of century’

Science
The amount of food needed to feed the world's population by the end of the century could increase by almost 80%, a study has suggested.Researchers from Germany said a trend of increasing Body Mass Index (BMI) is resulting in individuals requiring more calories.The authors warn that failure to meet the need for more calories could lead to greater global inequality.The findings have been published in the journal Plos One.The study, carried out by a team from the University of Gottingen, calculated that 60% of the calorie increase would be a result of the growing number of people in the world.According to the UN World Population Prospects, the global population was estimated to increase from almost seven billion in 2010 to almost 11...
HMV faces the music in Christmas crunch test

HMV faces the music in Christmas crunch test

Business
Since Doug Putman rescued UK music retailer HMV in February, he has thrown himself wholeheartedly into running a transatlantic retail empire.The Canadian businessman has found himself jetting back and forth between his Ontario-based Sunrise Records chain and his newer acquisition.On average, he spends one week a month in the UK. "I must do about 500,000 air miles a year," he says.Now he faces his latest challenge, the all-important Christmas period."That's crunch time," he says. "All the hard work you do for 10 months of the year, that period is when you see it come to fruition and you see how good a job you did." A lot is riding on the chain's performance over the festive season. HMV has twice fallen into administration, in 2013...
Premier League yellow and red cards: Who faces a ban soon? Manchester United, Arsenal and Man City stars included

Premier League yellow and red cards: Who faces a ban soon? Manchester United, Arsenal and Man City stars included

Sports
With the Premier League season now firmly up and running, top-flight players are starting to run the risk of being banned.An accumulation of 5 yellow cards will result in that player having to complete a one-match suspension, a penalty that often causes major headaches for managers. getty Crystal Palace midfielder Luka Milivojevic is guilty of picking up many yellow cards Watford’s Etienne Capoue was the most cautioned player last season, picking up 14 yellows in 33 appearances. Luka Milivojevic of Crystal Palace became the first player to be banned this term when he picked up his fifth card in their win over Norwich on September 28. Several stars are edging towards the suspension mark this term and could face a stint on the sidelines in the next