LSE fines Labour peer

a tECH firm founded by Labour peer Lord Drayson has been fined by the London stock Exchange for secretly paying bosses £1m in bonuses.

sensyne Health handed chief executive Drayson, 61, £850,000 four months after it floated. Ex-finance chief Lorimer Headley was awarded £200,000 in 2018.

But a probe found it was not mentioned in documents issued to investors before the float and was instead included in the annual report a year later.

the LsE fined the company £406,000, which was cut from £580,000 because of early payment. Drayson is trying to take sensyne private. He held positions in the tony Blair and Gordon Brown governments.