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| Version 1 | Version 2 |
|---|---|
| TalkTalk pay battle with investors looms | TalkTalk pay battle with investors looms |
| (about 1 hour later) | |
| Broadband and telecoms supplier TalkTalk is the latest company to find pay under scrutiny. | Broadband and telecoms supplier TalkTalk is the latest company to find pay under scrutiny. |
| Ahead of Wednesday's annual meeting, the investor advisory group Pirc has recommended that shareholders vote against its remuneration report and pay policy. | |
| Pirc says rewards for executive directors look excessive, with the chief executive, Dido Harding receiving bonuses and incentives worth 1,255% of base salary. Pirc also says that performance targets for various incentive schemes are inadequately explained. | Pirc says rewards for executive directors look excessive, with the chief executive, Dido Harding receiving bonuses and incentives worth 1,255% of base salary. Pirc also says that performance targets for various incentive schemes are inadequately explained. |
| TalkTalkwill also issue a trading update, with analysts expecting around 180,000 TV customers to be added in the first quarter, similar to the previous one. | TalkTalkwill also issue a trading update, with analysts expecting around 180,000 TV customers to be added in the first quarter, similar to the previous one. |
| However, Berenberg analysts questioned the company's target of 4% revenue growth, as it will see less benefit from price hikes, partly because of promotional spending. | However, Berenberg analysts questioned the company's target of 4% revenue growth, as it will see less benefit from price hikes, partly because of promotional spending. |
| The analysts said: "TalkTalk is a challenged player operating in a very good market." | The analysts said: "TalkTalk is a challenged player operating in a very good market." |
| The company also suffered a setback when Ofcom rejected TalkTalk's complaint that BT was abusing its dominant position when setting broadband prices for rivals. | The company also suffered a setback when Ofcom rejected TalkTalk's complaint that BT was abusing its dominant position when setting broadband prices for rivals. |