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The very worst example of wedding greed comes in the form of the wedding gift list, which is a smart name for begging

Business Comment: Short memories in the City

It is little wonder the outside world believes the City is an unreal, through-the-looking-glass sort of place. In the past three days the Square Mile has furnished its critics with two more stunning examples of the yawning chasm that exists between its air conditioned offices and the real world.

Clark family in sell-off bonanza

Around 400 family shareholders who control the Clarks shoe business are set to receive a large windfall payout after the company sold its factory outlet retail business yesterday for pounds 80m.

pounds 1.6bn carpetbagger bonanza fears

A building society chief warned yesterday that up to pounds 1.6bn of speculative money could start flowing into the coffers of the remaining mutually owned societies as "carpetbaggers" re-invest their windfalls from earlier flotations.

BAe bosses get pounds 1.2m options bonanza

Sir Dick Evans, chief executive of British Aerospace, received share options worth pounds 381,000 last year under the company's new long-term performance share plan. Options worth a total of nearly pounds 1.2m at the current share price were awarded to BAe executives.

Investors are in the last chance saloon as the election looms and the tax year ends

I am talking to you from the last chance saloon. Last chance, because next week sees the last four days of the 1996/97 financial year. Act now and mitigate your tax or the opportunity will be lost. If there is a change of government, that loss could be more expensive than you imagine.

National Express hints at further rail job cuts

The transport group National Express yesterday hinted at significant job cuts in its passenger rail businesses as it announced that it made a pounds 2.1m profit last year from the first two train franchises it took over.

Sorrell set to collect another share windfall

Martin Sorrell, chief executive of advertising giant WPP, is in line to scoop another share bonanza on Monday, worth pounds 3.2m at last night's closing price, under a reward scheme that could net him pounds 25m over five years. The issue of 1.2 million free shares, which Mr Sorrell must keep until September 1999, will represent the second of up to four bumper payouts that he will receive if WPP hits certain performance targets.

City bonus bonanza keeps on rolling

Schroders and Warburg reveal bumper payouts and higher staff costs n SFA confirms it is looking into Kepit liquidation share sale

MARKET REPORT: SES flotation could bring a cash bonanza to Pearson

Speculation is growing that the long-awaited flotation of Luxembourg- based Societe Europeenne des Satellites, the company that controls the Astra satellite system used to beam BSkyB programmes into this country, is back on.

Interim buys Page in pounds 346m cash deal

Michael Page missed out sharing in a pounds 7m bonanza yesterday after the eponymous executive recruitment agency he founded 20 years ago was sold to Interim Services, a US-based agency, for pounds 346m in cash, 17 times the value of the company only four years ago.

Sorrell comes closer to scooping pounds 30m pay bonanza

Martin Sorrell looks increasingly likely to scoop a maximum payout of more than pounds 30m from a controversial remuneration package that was sold to shareholders as almost impossible to achieve 18 months ago.

Lloyds TSB staff set for bonanza

The 82,500 staff at Lloyds TSB could pick up around pounds 2,500 each after Britain's biggest domestic bank yesterday announced record profits of pounds 2.51bn for last year. Lloyds is setting aside pounds 100m of its profits to share with employees. Including a profit-related pay scheme and the recently announced an inflation-beating 5 per cent pay rise, the bonanza could add up to 16 per cent to an average salary of pounds 15,500.

Tube sell-off is set to go ahead

John Major is insisting that the Tube will be privatised with a high-profile launch before the end of the month despite fears of a hostile public reaction.

Tax bonanza for ex-C&G savers

Members of former building society Cheltenham & Gloucester have been saved millions of pounds by a ruling against the Inland Revenue over the tax treatment of cash bonuses.

Handicappeds' first step to society share bonanza

Hopes were raised last night that tens of thousands of handicapped members of building societies may win a share in this year's pounds 15bn demutualisation bonanza after a private members' Bill designed to help them received an unopposed first reading.
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