More cash from Brussels

CALVIÑO: Spain has applied for all assigned EU cash, Economic Affairs minister said.

strategic projects that are already underway, she said.

The €84 million in ‘soft’ loans will provide Spain with a safety net which would permit ‘a strong rhythm’ of public and private investment for the future.

Calviño stressed that

CHIEF executives at companies linked to the UK’s soaring household bills have enjoyed multimillion paydays.

According to figures released on June 6, the National Grid, Sainsbury’s and Marks & Spencer rewarded their top people with top earnings although all have been accused of profiteering from food inflation and the energy crisis resulting from Russia’s invasion of Ukraine in February 2022.

National Grid’s John Pettigrew received £7.2 million (€8.4m) for the last financial year, compared with £6.6 million (€7.7m) in 2021 according to the FTSE 100’s Power Networks Company. Pettigrew’s fixed pay fell although his variable pay, which included bonuses and long­term incentives, increased

Sandals in

PROFITS slid by 10 per cent for Dr Martens boots, the Northampton company’s most famous product. Sales fell 10 per cent in 2022 following errors in the US after the company concentrated on other items and battled problems at its Los Angeles warehouse.

Distribution in Latin America and China was also affected. In contrast, the footwear specialist said that sales of its sturdy sandals and shoes rose by approximately 50 per cent and represented approximately a third of total sales.

The ‘challenging consumer environment’ also produced a fall in demand in the US owing to high inflation, the company announced.