Burberry under fire over pay
The company is seeing demand weakened in Hong Kong and the US. Burberry has said its profits for the current year are likely to be £40 million lower than expected and would also be impacted by foreign exchange volatility. The British company has been hit by a rise in the strength of sterling in relation to other currencies.
But it’s the pay packet of Bailey, who earned £8 million last year, that is coming under...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures