Prudential has declined to comment on whether its chief executive, Tidjane Thiam, would receive a bonus this year after the failed bid he fronted for AIA cost shareholders an estimated £300m.
Mr Thiam is paid a basic salary of £900,000 but can, for his work during the company's current financial year, take home a further £1.6m through the life insurer's annual bonus scheme with a further £2.7m available through its share-based long-term incentive plan, reports The Independent.
A Prudential spokesman said that bonus payments would not be decided on until the end of the year.
The company's results will be hit by a £153m break fee if, as now expected, its takeover of Asian insurer AIA fails. However, advisory and underwriting fees to a phalanx of banks, lawyers and public relations advisors are set to at least double that; even though the deal looks all but dead and success fees will not be payable as a result. Read more
BP will this week attempt to reassure investors it can survive the Gulf of Mexico spill after its share price plunged 13% and President Obama called for the oil giant to face criminal charges.
Tony Hayward, chief executive of BP, told The Daily Telegraph that he would be meeting shareholders to calm fears the company's dividend would have to be cut.
He also estimated the cost of the clean-up for the first time at up to $4bn (£2.7bn), saying this was well within the company's free cash flow for the year of $6bn-$8bn - even when potential compensation costs are added to the total. Read more
Strong corporate ties with America and London's reputation as a financial services hub helped the UK retain its position as the most attractive destination for inward investment in Europe in 2009, reports the Guardian.
Ernst & Young's latest European attractiveness survey suggests foreign money flowed into Europe last year at a slower pace as the region suffered its deepest downturn in decades. European countries together secured 3,303 investment deals, an 11% fall from 3,718 in 2008.
The report ranked the UK at the top, with France then Germany next, after the country's services sector powered investment growth. The UK attracted 678 investment projects in 2009 - 1% less than in 2008. Those projects created 20,017 jobs.
The Takeover Panel has launched a wide- ranging review of the rules governing bids for UK firms following the controversial takeover of Cadbury earlier this year, reports the Daily Mail.
It is considering a raft of changes, including the amendment of thresholds required for deals to be voted through, the disclosure of fees paid to bankers and the need for more financial details from suitors mounting bids.
The watchdog, which oversees mergers and acquisitions of publicly quoted firms, was thrust into the limelight in February when American cheese-maker Kraft succeeded in its £10.7bn bid for Britain's largest confectionery firm. Read more
British manufacturing appears to have put the worst of the recession well behind it and is enjoying a "blistering" revival, reports the Independent.
The latest survey of confidence among purchasing and supply managers at the "sharp end" of British industry indicates a generally sustained upsurge in levels of confidence.
However, the crisis in the eurozone - Britain's largest export market by far - is casting a shadow over the export scene and otherwise encouraging news. Sentiment is improving at its fastest rate since the economy emerged from the previous recession in 1994 - which also saw a post-devaluation boost to activity after the ERM debacle in 1992. Read more
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