Boohoo boss in line for £50m bonus if share price rises by 180%

Boohoo boss in line for £50m bonus if share price rises by 180%

The new chief executive of Boohoo is in line for a £50m bonus if shares in the online fashion retailer rise by 180% over the next five years. The fast-growing company has poached John Lyttle from Primark, where he was chief operating officer, and said its major shareholders had signed off on the incentive package. But the High Pay Centre, which monitors executive remuneration, said it was hard to justify rewards on such a scale, pointing to similar bonuses that have proved controversial this year at housebuilder Persimmon, gambling firm…

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Finance Ministry extends deadline for filing GST annual returns till March 31

Finance Ministry extends deadline for filing GST annual returns till March 31

The Finance Ministry has extended the last date for filing annual GST return forms by three months until March 31, 2019. The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal was notified in September. The last date for filing was set at December 31, 2018. In a statement, the Central Board of Indirect Taxes and Customs (CBIC) said, “the competent authority has decided to extend the due date…

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Huawei says it will hit $100 billion in revenue for 2018

Huawei says it will hit $100 billion in revenue for 2018

  Zhang Peng | LightRocket | Getty Images People try using Huawei smartphones at an exhibition. Huawei’s revenues will in 2018 surpass $100 billion for the first time, a top boss at the Chinese tech giant said Thursday. Speaking to CNBC in Mandarin via a translator, Eric Xu, one of the rotating chairmen at Huawei said that business is growing “slightly better” than had been expected. “There is no problem that we can hit the $100 billion mark,” Xu said, in a translation that was verified by CNBC. Xu did…

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Art Deco House with Original Vintage Furnishings For Sale – Take a Tour

Art Deco House with Original Vintage Furnishings For Sale – Take a Tour

Cross Hands near Llanelli in Wales is currently on the radar of many vintage lovers or people searching for their own property. Heol Bryngwili house, built in the Art-Deco style is now up for sale for 230,000 pounds (nearly $300k). The house is in perfect condition, containing original furniture that is completely preserved even though it is 80 years old. [“source=ft.com]

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Art Deco House with Original Vintage Furnishings For Sale – Take a Tour

Art Deco House with Original Vintage Furnishings For Sale – Take a Tour

Cross Hands near Llanelli in Wales is currently on the radar of many vintage lovers or people searching for their own property. Heol Bryngwili house, built in the Art-Deco style is now up for sale for 230,000 pounds (nearly $300k). The house is in perfect condition, containing original furniture that is completely preserved even though it is 80 years old. [“source=forbes]

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US crude oil posts longest losing streak in over 34 years, falling for 10th day

US crude oil posts longest losing streak in over 34 years, falling for 10th day

U.S. crude prices fell Friday for a 10th consecutive session, sinking deeper into bear market territory and wiping out the benchmark’s gains for the year. The 10-day decline is the longest losing streak for U.S. crude since mid-1984, according to Refinitiv data. Crude futures fell for a fifth straight week as growing output from key producers and a deteriorating outlook for oil demand deepen a sell-off spurred by October’s broader market plunge. The drop marks a stunning reversal from last month, when oil prices hit nearly four-year highs as the…

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Perfectly preserved £230,000 art deco home goes back on the market for the first time since it was sold on the outbreak of WWII… and even comes with the original furniture

Perfectly preserved £230,000 art deco home goes back on the market for the first time since it was sold on the outbreak of WWII… and even comes with the original furniture

A unique art deco house that was sold in the year the Second World War broke out and is still brimming with original features has gone on the market for £230,000. The keys to this time capsule home called Heol Bryngwili in Cross Hands near Llanelli, in Wales, were handed to the first owners in the autumn of 1939 – and it has remained in the same family until now. Even most of the furniture is original and can come with the property, which is the most distinctive on the street, if wanted….

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Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion, and it’s terrible news for department stores

Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion, and it’s terrible news for department stores

One of the biggest fashion retailers in the US is going all-in on Amazon, and it’s telling of where fashion is headed. According to a recent report from Nomura, Amazon now offers a bigger selection of Calvin Klein and Tommy Hilfiger clothing than Macy’s and JCPenney do. These brands, both owned by PVH Corp, have historically had a strong presence in department stores. However, Nomura data shows that they are shifting away from this channel in search of greener pastures. While department stores have struggled in recent years, Amazon has…

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Cramer’s ‘power ranking’ for consumer staples: Constellation, Costco, McCormick, Clorox, Estee Lauder

Cramer’s ‘power ranking’ for consumer staples: Constellation, Costco, McCormick, Clorox, Estee Lauder

In the spirit of football season, CNBC’s Jim Cramer has taken up a new strategy for finding each stock market sector’s power players — stocks that may have been inconsistent in the past, but look better than the competition at the moment. This week, the “Mad Money” host started “laying out the Cramer power rankings to show you which stocks I like most as we head into the end of the year,” he said on Tuesday. For his next sector breakdown, Cramer chose the consumer staples space, which includes makers of household needs like food, beverages…

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Open for inspection: The best properties for sale in Melbourne right now

Open for inspection: The best properties for sale in Melbourne right now

19 Callantina Road, Hawthorn. Photo: Kay & Burton Domain’s expert guide to the best properties on the market in Melbourne this week. 19 Callantina Road, Hawthorn 6 bedrooms, 6 bathrooms, 5 car spaces When it comes to prime real estate close to top-flight schools, this A-grade inner-east property on 1136 square metres is first-class and a fence line away from Scotch College campus. “It is the perfect home, a Scotch parents’ dream, particularly for a family with three school-age children,” its agent says. The Briars boasts 1890s establishment pedigree and prestige 21st century smarts,…

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