West Ham shareholder receives grocery store sweep bonus

Grocery store big Sainsbury’s is underneath hearth for declaring an enormous rise in dividends – a big chunk of which is able to go to overseas shareholders together with West Ham shareholder Daniel Kretinsky whereas consumers and employees battle with the cost-of-living disaster.

The information comes as the corporate prepares to unveil a sizeable bonus for chief government Simon Roberts, who says the grocery chain is doing ‘all the pieces it could’ to chop costs and shield prospects and employees from inflation.  However having waived his earlier bonus as a result of pandemic, he’s in line for an enormous payday this 12 months. Buyers are about to share in £300million of dividends.

The dividend is 24 per cent increased than in 2021 and the biggest since 2015. Income doubled final 12 months to £730million however are anticipated to drop again this 12 months.

1 / 4 of the payout – £75million – will go to the 2 greatest shareholders, the Qatar Funding Authority, which has a 15 per cent stake, and billionaire Daniel Kretinsky, nicknamed the Czech Sphinx, who has 10 per cent netting him a £30m bonus this 12 months.

Author: Londonlad

Leave a Reply