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BUSINESS EXTRA All at sea FINANCE
Shrinkflation
CHOCOLATE makers Cadbury have reduced the sizes of their medium and large Easter eggs while their prices remain the same, shoppers found. Amongst other scaleddown products, a Twirl egg now weighs 198 grammes compared with 237 grammes in 2022, but still costs £3 (€3.40).
Women’s work
SPAIN’S gender wage gap fell to 20.9 per cent in 2021, almost six percentage points below 2018 thanks to a higher minimum salary, a Comisiones Obreras survey found. Differences persisted for carers’ posts as well as parttime jobs and the lowerpaid traditional “women’s jobs”, the union said.
Closing time
A TOTAL of 512 UK pubs and bars went into administration last year owing to higher overheads and falling sales, revealed accountancy company UHY Hacker Young. The government could alleviate pressure by extending the energy bill relief scheme to the hospitality sector, the company suggested.
Sail away
THE ItalianSwiss cruise company MSC expects a record 2023 following last summer’s good results and increased sales for cruises this winter. The company plans to make 500 stopovers in Spanish ports this year, a 23 per cent increase on last year’s 407, announced director general Fernando Pacheco.
Big money
CARLOS TORRES VILA, president of BBVA, which made €6.42 billion profits in 2022, earned €8.29 million last year, 5.8 per cent more than the €7.83 million he was paid in 2021. Onur Genç, BBVA’s CEO, earned €7.15 million, 4.9 per cent more than the €6.81 million he received last year.
STAT OF WEEK €125 million
in compensation and a six-year prison sentence await Pescanova’s former president, Manuel Fernandez de Sousa-Faro, for irregular financial practices while he headed the company between 1985 and 2013.
