FTSE edge up helped by M&S but miners weigh
MILAN UK blue chips rose on Wednesday, helped by gains in Marks & Spencer following results and stronger healthcare stocks though weaker miners kept a lid on the British market.
LONDON Royal Dutch Shell (RDSa.L) said on Thursday its chief executive Ben Van Beurden saw his total pay jump 60 percent in 2016 to 8.263 million euros from 5.135 million a year earlier mainly due to deferred bonuses and share plans.
Van Beurden's salary was little changed at 1.460 million euros and his bonus fell to 2.4 million euros from 3.5 million, however, from the company's long-term incentive plan and deferred bonuses he received 4.381 million euros, up from 163,000 a year earlier.
On Thursday, Shell said from this year its directors would be rewarded depending on how well the company manages its greenhouse gas emissions and how much free cashflow it generates.
(Reporting by Dmitry Zhdannikov; editing by Jason Neely)
LONDON British retailer Marks & Spencer said improving profit margins and steady market share showed its struggling clothing business was on the mend, despite a 10 percent drop in annual earnings and sliding sales in the latest quarter.
VIENNA OPEC and non-member oil producers could deepen output cuts or extend them for a year when they meet in Vienna this week as they seek to clear a global stocks overhang and prop up the price of crude, Kuwait said on Wednesday.