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(Sharecast News) - Northumbrian Water will hand chief executive Heidi Mottram a £1.5m retention payment over the next five years, a sum that sits outside Ofwat's new powers to block bonuses at companies that breach pollution rules, according to The Times. The Hong Kong‑owned supplier, which serves around 2.7m customers across the North East, said Mottram required additional incentives as she was "a highly marketable individual" operating in a sector where pay is tightly regulated and often subject to scrutiny. Mottram, who has led the company since 2010, is expected to have her annual bonus banned under Ofwat's rules. The retention award will be paid in five £300,000 tranches during the current AMP8 investment cycle.

(Sharecast News) - London's blue chips rose for the second day on Friday, settling above the 10,600 mark for the first time in eight sessions, though gains were modest as sell-offs across global equity markets dampened sentiment.

(Sharecast News) - European stocks closed mostly lower on Friday as a sharp technology sell-off across Asian markets and rising oil prices fuelled risk-off sentiment.