A look at the numbers behind Interserve’s vote on its CEO’s bonus package, Carillion workers moving to Vinci, and London Fire Brigade checks post-Grenfell.
52 months – Amey’s council dispute
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Adjudicator Andrew Goddard QC found in favour of the council’s claim that it had overpaid Amey Birmingham Highways for road maintenance work the contractor had not carried out. Amey Birmingham Highways (ABH) is a special purpose vehicle contracted by Birmingham City Council to deliver a 25-year highways contract, with the two parties having been in dispute since February 2014.
£4.2m – Multiplex 2017 profit
Multiplex made pre-tax profit of £4.2m in the year to 31 December 201 7, down 74 per cent from £15.9m in 2016. Turnover, however, rose to £1.16bn, up 1.5 per cent from £1.04bn in 2016. This gave Multiplex a pre-tax margin for 2017 of 0.4 per cent, down from 1.5 per cent.
500 – Fire brigade tower inspections
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LFB data shared with CN showed that its inspectors advised managers of 112 social housing blocks to change their evacuation advice from ‘stay put’ to ‘simultaneous evacuation’, after combustible ACM cladding was discovered. With the exception of these 112 buildings, the official advice in the event of a high-rise fire is still for residents to stay put in their flats and alert the emergency services.
17.1% – Interserve’s shareholder revolt
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Advisers Glass Lewis had recommended shareholders vote against the proposal for CEO Debbie White to receive a 125 per cent bonus for four months’ work in 2017. All of Interserve’s other resolutions were passed at the annual general meeting by majorities of 95 per cent or higher.
£526k – for four months’ work
Discord among some shareholders emerged after Interserve’s remuneration committee announced pay packets in which CEO Debbie White would receive a pro-rata base salary of £216,667 and an annual variable pay bonus of £270,089 for her four months’ work in 2017. Chief financial officer Mark Whiteling meanwhile was given a bonus of £126,562 on top of his base salary of £101,250 for three months’ work, having joined a month after Ms White.
119 – Carillion staff moved to Vinci
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Client Arriva Rail London confirmed Vinci Facilities had been appointed under an initial 12-month deal. The £7.5m contract covers cleaning, fault rectification and planned maintenance activities across 81 London Overground stations, as well as the planning and scheduling of work and trackside FM delivery works.