The £30 million pay cheque, RBS puts aside £400 million for charges but shares rise and more city news

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The £30 million pay cheque, RBS puts aside £400 million for charges but shares rise and more city news
31st October 2014

City news with Alex Lawson explains why RBS have seen their shares rise, despite putting £400 million aside for the potential costs that may be needed following an investigation into an alleged manipulation of the foreign exchange market. This moves follows a similar announcement made yesterday by Barclays.

Alex also explains WPP boss Sir Martin Sorrell's unusual business plans based on swans. Sir Martin has identified ebola and the pro-democracy protests in Hong Kong as two 'black swans' who could affect his business. WPP is the largest advertising company in the world and Sir Martin takes home an average pay cheque of £30 million.

We also hear about Superdry's profit warning. 

 

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