And in the real world... Osborne, Matalan, John Lewis and more

LONDON - Today's round-up of the biggest business stories.

And in the real world... Osborne, Matalan, John Lewis and more
And in the real world... Osborne, Matalan, John Lewis and more

The shadow chancellor, George Osborne is gearing up to urge the treasury to prevent banks from paying excessive bonuses to its senior staff. Osborne will call for banks to compensate their employees with shares in the business instead in a bid to increase the credit available to consumers.
Source: The Independent

Matalan, the budget fashion retailer, has gone up for sale following a number of unsolicited approaches from interested parties. John Hargreaves, the company’s founder, has enlisted the services of Pricewaterhouse Coopers to advise on the sale of the chain, worth in the region of £1.5 billion.
Source: The Telegraph

The re-launch of John Lewis’s retail site has lead to a dramatic increase in its online sales. The department store, which is owned by its employees, is already on its way to reaching the £8.5 million target of additional sales that it had initially planned to amass by the end of January.
Source: The Financial Times

New figures from the Incomes Data Services research group has shown that FTSE 100 chief executives received pay rises averaging at 7.4 per cent this year, making up for the significant 29 per cent drop in their bonuses. Thanks to the significant pay rises their total pay fell by only 1.5 per cent.
Source: The Financial Times

The Prime Minister is expected to announce plans for new laws that would require credit card companies to stop encouraging spending and instead advise customers on how to reduce their debt. Under the proposals, the practices of increase customer’s credit limits without asking and increasing interest rates on existing debt would be stopped.
Source: The Times

New car buyers could face a green tax of £3,300 when buying new cars as part of a £150 billion scheme proposed by a government-supported think tank. The recommendations, set to be published today, also include a tripling of fuel tax over the next decade as well as a household energy tax.
Source: The Telegraph