Rolling coverage of the latest economic and financial news
- Latest: Deliveroo closes down 26% on opening day
- Shares sold at 390p in IPO, close at 287.45p
- Rishi Sunak: Shares prices go up, and share prices go down
- Deliveroo shares tumble after IPO
- Keir Starmer: I wouldn’t buy shares in Deliveroo
- TUC: Workers need better treatment
- Analyst: Horrible start to trading
The Bet365 boss, Denise Coates, was paid nearly half a billion pounds in salary and dividends last year in a record-breaking deal that takes her pay since 2016 to more than £1.2bn.
After an unusual delay in filing its accounts at Companies House, the gambling company released accounts showing that its highest-paid director, understood to be Coates as chief executive, received £421m – or £48,000 every hour of every day throughout the 12-month period.
Related: Bet365 boss’s £421m pay for 2020 takes earnings over £1bn in four years
The wider London stock market had a poor day too, with the FTSE 100 closing 58 points lower at 6713 points, a drop of 0.8%.
Commercial property company British Land led the blue-chip fallers, down 3.3%. Banks and energy companies also dropped, along with engineering firms Rolls-Royce (-3%)and Melrose (-2.8%).