Melrose pay row looms

MELROSE Industries will come under pressure this week to curb a bonus scheme which paid four of its executives £167m in 2017.

On Friday the turnaround specialist will reveal how much senior staff took home in 2018 when its annual report is published.

In 2017, four executive directors – chief executive Simon Peckham, finance boss Geoffrey Martin and executive vice- chairmen Christopher Miller and David Roper – were handed about £42m each as a long-term share plan paid out.

This was shortly before Melrose completed its controversial takeover of British engineering stalwart GKN, and 22pc of shareholders later voted against the bumper payouts at its AGM.