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BP: New boss Murray Auchincloss gets £8m pay packet in 2023

Mr Looney, who earned more than £10m in 2022, was obliged to repay BP £1.8m last year after leaving the company under a cloud. He did receive a basic salary of £1.18m, but that was more than outweighed by the loss of bonuses and share-based awards from previous years, worth nearly 3m. BP previously announced […]

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Our technology faith officially died this week

I felt relieved when I started writing about technology full time more than 12 years ago. Many industries and people were still reeling from and angry about the Great Recession. The technology industry felt like an island of bubbly optimism about its future and ours. Faith in the magic of technology was painfully earnest — […]

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Mike Ashley’s Frasers Group says Matches to enter administration

Alice Price, apparel analyst at data analytics firm Globaldata added that selling luxury goods online was particularly tough, since shoppers prefer to see and try on expensive products. “Supplier relations had also begun to sour under Frasers’ ownership, with the fashion giant reportedly seeking sizeable discounts, while some brands reported overdue payments, resorting to termination […]

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Biden State of the Union; Alabama IVF bill : NPR

Good morning. You’re reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today’s top stories President Biden delivers his State of the Union address tonight, when he will lay out his priorities for […]

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