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Next chief executive Simon Wolfson received a record pay package of £7.4m last year, up from £4.9m the previous year. His remuneration includes a basic salary of £967,000, a maximum annual bonus of £1.45m, and a long-term bonus of £4.7m. The pay increase comes as Next aims to align Wolfson's remuneration with industry standards, citing that his previous pay was 30% below the average for FTSE 100 bosses. The company's remuneration committee stated that the changes were necessary to retain and motivate its high-quality management team. Wolfson's pay package for this year could reach up to £9.27m, with his basic annual salary increasing by 3% to £1m, his maximum annual bonus rising to 200% of salary from 150%, and his long-term bonus potential increasing to 400% of salary from 225%. The changes are part of Next's efforts to ensure that its executive compensation is competitive and aligned with performance. The company's decision to increase Wolfson's pay comes on the back of Next's improved financial performance, with the retailer upping its profit guidance to £1.2bn for the year to January 2027 after better-than-expected sales in January.

Metro Bank has approved a £2.6 million annual remuneration package for chief executive Dan Frumkin, the highest ever for the lender since its 2010 launch. The figure more than doubles the £1.2 million he earned in 2024. The pay rise comes on the heels of a dramatic restructuring that saw the bank cut over 1,000 jobs in spring 2024 and suspend Sunday trading, measures taken after a £925 million rescue led by Colombian billionaire Jaime Gilinski Bacal, who now owns 53% of the institution. Metro’s turnaround has delivered a record pre‑tax profit of £87 million for 2025, prompting the board to approve a complex bonus scheme. The package includes a £1.2 million annual bonus, a £470,000 deferred bonus from 2023, and a salary of £938,875, plus additional tax, life‑insurance and pension benefits. Under the scheme, Frumkin could earn up to £60 million over five years if Metro’s share price exceeds certain thresholds – it must stay above 120p in 2028 and could reach 437p, a level that would trigger the maximum payout. Metro’s shares currently trade around 141p. The bonus plan was endorsed by 88.6% of voting shareholders, despite objections from proxy advisers ISS and Glass Lewis. The bank did not disclose how many of those votes were cast by Gilinski’s holdings. Founded by US billionaire Vernon Hill, Metro Bank distinguished itself with dog‑friendly branches and seven‑day opening hours. However, a 2019 accounting error forced the resignation of its founder and top executives, and the bank struggled to satisfy regulators, leading to the 2023 capital infusion. In a statement, a Metro Bank spokesperson said the remuneration committee’s approach is “based on the delivery of long‑term growth generation and the continued turnaround of the bank,” emphasizing alignment with shareholder interests. Frumkin, who joined Metro in 2020 after senior roles at RBS and Northern Rock, now stands at the centre of a debate over executive pay in a sector still recovering from the 2007‑08 financial crisis.

Cédric Klapisch’s new film, Colours of Time, is an entertaining sentimental fantasy that invents a romantic backstory to the career of Claude Monet and his contemporary, the pioneering photographer Félix Nadar. The film follows Adèle, a fictional young woman who makes a fateful journey to find her errant mother in Paris during the belle époque, leaving behind her sweetheart and the village where she was brought up, in the countryside near Monet’s home town of Le Havre.The story intercuts enjoyably between past and present, as Adèle's life and times are rediscovered by her descendants. In the present day, dozens of descendants of Adèle are contacted by lawyers and PRs working for a property company that wants to build a vast new shopping mall, which would mean bulldozing Adèle’s derelict cottage. This garrulous ragtag bunch must give their collective consent, leading to a journey of discovery that uncovers historical secrets: photos, letters, and even what might be a painting.The film takes a pretty un-subversive view of art and artists but is executed with brio and comic gusto, particularly in the “past” sections. Suzanne Lindon’s performance has charm, and the detective work is interspersed ingeniously with what Adèle in her own day discovers about her errant mother. The film culminates in a wacky climax when the present-day claimants have an Ayahuasca psychoactive experience, sending them back in time to encounter historical culture icons in person at an exhibition.Colours of Time is a film that requires a sweet tooth, but it’s tasty. It’s set to hit UK cinemas from 17 April.

The British Board of Film Classification (BBFC) has begun using an AI tool to help identify content that triggers compliance issues, such as violence, nudity, and bad language, in TV shows.The technology was used to classify the UK catalogue of HBO Max, including The Pitt and a Game of Thrones spinoff, A Knight of the Seven Kingdoms. The Pitt received a 15 rating, while A Knight of the Seven Kingdoms received an overall rating of 18, with most episodes rated 15.The AI tool was built especially for HBO and helps direct compliance officers to the most contentious moments, doing "a lot of the heavy lifting," according to David Austin, the BBFC chief executive. However, he emphasized that human review is still crucial, as the AI tool was initially too cautious, mistakenly flagging an on-screen splash of red paint as human blood.The BBFC system, trained on the regulator's guidelines, produced a time-coded report that a human compliance officer then reviewed. The organization completed the classification of HBO Max's entire catalogue in six months, a process that would have normally required over four years of viewing by a compliance officer.

The Las Vegas Aces, defending WNBA champions, have completed their core group retention by re-signing four-time MVP A'ja Wilson on Wednesday. The deal, reported by ESPN, is a three-year, $5m supermax contract, marking a historic milestone in the WNBA.Aces president and general manager Nikki Fargas praised Wilson, stating, “A’ja is truly one of one, who has led this franchise to where it is today. She does so with the utmost confidence, authenticity and grace.”Wilson, who was named WNBA MVP and the Associated Press Female Athlete of the Year last season, has achieved numerous accolades, including four MVP awards and three defensive player of the year awards. She led the WNBA in scoring with 23.4 points per game and in blocked shots with a 2.3 average last season.In addition to Wilson, the Aces have re-signed key players Jackie Young, Chelsea Gray, and Jewell Loyd. The team has also signed guard Chennedy Carter to a training camp contract.

Arsenal manager Mikel Arteta expressed his pride in his team's performance after they reached the Champions League semi-finals for the first time in their history. The Gunners secured a spot in the last four with a gritty draw against Sporting, despite being without their injured captain Martin Ødegaard and Bukayo Saka.Declan Rice, who was captain in Ødegaard's absence, revealed that he had come off his sickbed to play a crucial role in the match. 'He was shattered,' Arteta said of Rice. 'He had no chance to play today, he wasn’t feeling good at all today, he played 94 minutes at the level that he’s done.'The match was a closely contested affair, with both teams creating chances. Leandro Trossard headed against a post from a Max Dowman corner late on, while Sporting's João Simões fired into the side netting with virtually the last kick of the match.Arteta attributed his team's success to their durability, saying, 'That is the reason why we are the only English team in the competition, because this league and this schedule takes the hell out of you, and it’s very difficult to do what we’ve done.'Rice also addressed criticism of the team's recent performances, saying, 'If you don’t play well, if you don’t play good, take it with a pinch of salt and keep moving.'Arsenal will now face Atlético Madrid in the semi-finals, having maintained their record as the only unbeaten team left in this year’s competition. They will also look to bounce back from their recent Premier League defeat to Bournemouth when they face Manchester City on Sunday.

Formula One’s commercial chief, Stefano Domenicali, warned that the concerns voiced by four‑time champion Max Verstappen over the sport’s latest technical package cannot be ignored. The Dutch driver has repeatedly expressed frustration that the new formula, especially the heightened role of energy‑management, prevents him from racing at full throttle.Verstappen’s unease is echoed by several of his peers, who have also questioned the deployment and recharging limits of the hybrid systems. The driver has even hinted that his future in the championship could be at stake, prompting Domenicali to confirm ongoing conversations with the Dutchman and other competitors.In response, the FIA, team principals, power‑unit manufacturers and the sport’s commercial rights holder, FOM, have scheduled a series of technical meetings this month. A further senior‑representatives session is set for 20 April, where decisions will be taken and later ratified by the World Motorsport Council, with the aim of implementing any changes before the Miami Grand Prix on 3 May.While engine specifications will remain untouched, officials are expected to focus on tweaking the parameters governing energy recovery and deployment. Adjustments in these areas could alleviate the current constraints on drivers while preserving safety – a priority sharpened by Oliver Bearman’s crash at Suzuka, which highlighted the risks of differing closing speeds when cars operate in varied electrical modes.Domenicali emphasized that while driver feedback is being taken seriously, persistent criticism could be detrimental to the sport’s image. “He knows his voice carries weight and must respect that weight,” the CEO said, adding that the organization aims to avoid any perception of antagonism between management and the drivers.

A three‑judge panel of the U.S. Court of Appeals for the D.C. Circuit issued a two‑to‑one decision on Tuesday that blocks District Judge James Boasberg from moving forward with contempt hearings against the Trump administration.The case stemmed from Boasberg’s attempt to determine whether officials violated his March 15, 2025 order to turn around two deportation flights while they were airborne. The flights had carried 137 Venezuelan nationals to El Salvador under the rarely used Alien Enemies Act, a 1798 statute granting presidents broad wartime powers.In the majority opinion, Judge Neomi Rao (a Trump appointee) wrote that Boasberg’s contempt inquiry was a “clear abuse of discretion,” noting that the district court’s order did not expressly forbid the transfer of the migrants into Salvadoran custody. She emphasized that criminal contempt applies only to violations of a “clear and specific” order.Judge Justin Walker, also appointed by Trump, joined Rao, while Judge J. Michelle Childs—a Biden appointee—dissented. The split reflects the broader partisan tension surrounding the case.Critics of the deportations argued that invoking the Alien Enemies Act represented presidential overreach and that the rapid operation denied the immigrants due process, including the ability to appeal. Some detainees were later released to Venezuela in a July 2025 prisoner exchange after spending months in El Salvador’s maximum‑security Centre for Terrorism Confinement (CECOT).Acting Attorney General Todd Blanche praised the ruling on X, stating it should “finally end Judge Boasberg’s year‑long campaign against the hardworking Department attorneys doing their jobs fighting illegal immigration.”The decision underscores the judiciary’s role in checking executive immigration actions, especially when emergency court orders intersect with national‑security‑related statutes. It also signals that future attempts to pursue contempt for alleged violations of ambiguous orders may face heightened scrutiny.

The Food and Agriculture Organization (FAO) has issued a stark warning: if the Strait of Hormuz remains blocked by the ongoing US‑Israel conflict with Iran, the world could face a food ‘catastrophe’. The disruption is already halting shipments of vital agricultural inputs, a situation that could quickly cascade into higher food prices. FAO chief economist Maximo Torero told Al Jazeera that, for now, food prices have stayed stable because existing stockpiles are absorbing the shock. However, he cautioned that this buffer is temporary and that “the clock is ticking.” FAO agrifood economics director David Laborde added that if traffic does not resume, the resulting strain on energy and fertilizer markets will translate into “higher commodity and retail prices later this year and into 2027.” According to the FAO, 20‑45% of key agrifood inputs—including fertilizers, pesticides and feed—depend on maritime passage through the Hormuz chokepoint. Nearly half of the world’s traded urea, the most widely used fertilizer, also moves through the strait, making global agriculture highly vulnerable. Recent gas supply disruptions have already forced fertilizer plants in the Gulf and beyond to cut or halt production, raising concerns that farmers may have to reduce fertilizer use or face higher production costs. Torero emphasized that poorer countries are especially at risk because planting calendars leave little room for delays; a slowdown in input delivery could quickly lead to “lower output, higher inflation and slower global growth.” The blockade stems from Iran’s decision to bring traffic to a near‑total halt in retaliation for attacks by the United States and Israel, which launched a war on Tehran on 28 February, resulting in the death of Supreme Leader Ayatollah Ali Khamenei. The conflict has already doubled oil and gas prices compared with pre‑war levels. Negotiations between Iranian and US representatives over a 21‑hour marathon failed to secure a permanent ceasefire. Subsequently, US President Donald Trump announced a naval blockade, stating that the navy would interdict ships in international waters that had paid Iran a toll to traverse the strait. The US military later declared it would block all maritime traffic entering and exiting Iranian ports, including those in the Gulf and the Gulf of Oman. FAO officials stress that decisive action—both a sustained ceasefire and the reopening of the waterway—is essential to prevent the looming food crisis from becoming a full‑blown catastrophe.