In the news this morning, builders have used Help to Buy to support developments in areas of weak demand. Co-op Bank investors may revolt if the bank’s managers try to raise more capital. Caffe Nero paid no corporation tax again last year despite making profits of £25.5m. Metro Bank paid the wife of founder Vernon Hill £3.3m last year for work kitting out its branches.
Builders prop up market with Help to Buy (FT/£)
Some builders have used Help to Buy to prop up the market in weaker parts of the country.
Co-op Bank investors press for change (Sunday Telegraph/£)
Major investors in the Co-operative Bank are pushing for change in the company’s management.
Caffe Nero pays no tax again (Sunday Times/£)
Coffee shop chain Caffe Nero paid no corporation tax again last year despite making profits of £25.5m.
Metro Bank founder’s wife receives £3.3m (Sunday Times/£)
The wife of Metro Bank founder Vernon Hill received £3.3m for work her firm did kitting out the bank’s 48 branches.
