pounds 500,000 pay-off for Asda Property MD
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.pounds 500,000 pay-off for Asda Property MD
Asda Property, the property investor, paid Tony Roscoe nearly pounds 500,000 in severance pay after the company sacked him as managing director in March, far higher than the pounds 300,000 observers assumed at the time. Patrick Ranger, property director, said that no replacement for Mr Roscoe had yet been selected, but that he expected headhunters to have a shortlist for the company by next month. Mr Roscoe left after disagreements with Manny Davidson, the chairman, whose family owns most of the company. The group also announced flat profits of pounds 5.06m for the six months to June. Earnings per share rose to 3.9p from 3.3p, and the interim dividend was 0.9 p against 0.85p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments