Latest news with #payout
Daily Mail
3 days ago
- Business
- Daily Mail
Nationwide pays out 99% of all £100 Fairer Share payments in one day - have you got yours?
Nationwide has paid out £100 to more than 4million members in a single day, Britain's biggest building society has revealed. Today marks the first day its Fairer Share offer payouts started, which was announced in May. And Nationwide says it has 'all but completed' the payments already to eligible customers. It has processed 99.97 per cent of payments to eligible members, with the remaining 0.03 per cent due to be completed by 4 July at the latest. It means the mutual has paid out £400million to Nationwide members today making it one of the UK's largest payouts in a single day. This is the third year running Nationwide has made the Fairer Share payment to members, which it started in 2023. It came as Nationwide announced profits of £2.3billion before tax in its annual results in May. As a mutual owned by members not shareholders, Nationwide is able to share some of its profits with its members rather than paying dividends. To be eligible for the payment this year, Nationwide members needed to have either a current account and savings account, or a current account and a mortgage. To be a qualifying current account, your account must have been open on 31 March 2025. Qualifying members must still have a current account open in June. Your savings will have qualified for the current account if you had at least £100 in total or in one or more savings accounts or cash Isas with Nationwide at the end of any day in March 2025. To be a qualifying mortgage customer, you must have had at least £100 on your Nationwide residential mortgage on 31 March 2025. In total, Nationwide has now paid eligible members more than £1billion in cash in 2025. In addition to the £400million Fairer Share offer, Nationwide paid out £615million to members in its Big Thank You payment, which gave over 12million eligible members £50 to thank customers for enabling the successful purchase of Virgin Money Stephen Noakes, Nationwide's retail director, said: 'We have already made excellent progress in rolling out this year's Fairer Share payment, having surpassed four million payments in the first day. 'We are delighted to have been able to pay eligible members £100 for the third year running.'
Yahoo
4 days ago
- Business
- Yahoo
Airbus to raise dividend payout range, confirms guidance
(Reuters) -Airbus said on Wednesday that it will extend its upper range of its dividend payout to 30%-50% from the current payout ratio of 30%-40%. The company said that its guidance for 2025 remains unchanged. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
Airbus to raise dividend payout range, confirms guidance
June 18 (Reuters) - Airbus ( opens new tab said on Wednesday that it will extend its upper range of its dividend payout to 30%-50% from the current payout ratio of 30%-40%. The company said that its guidance for 2025 remains unchanged.
BBC News
12-06-2025
- Business
- BBC News
Former Wilko workers to share £2m payout
A £2m payout has been awarded to almost 10,000 former employees of failed high street retailer GMB union said it had won a legal case on behalf of former workers at the chain, which fell into administration and shut in union said a judgement handed down by the Employment Tribunal had ruled Wilko failed to consult staff before 9,000 former staff who worked in a store with 20 or more people will get four days' pay, while roughly 1,100 employees who worked in a distribution centre or support centre role will get 13 days' pay, according to the union. Former Wilko worker and union representative David Bartlett said the award was "the very least Wilko workers deserve". 'Much-needed boost' He added: "It has been a long, hard slog getting this money."In no way will this make up for the stress and anxiety they faced during those dark days in 2023 but GMB hopes it will give them a much-needed boost as they move on with their new lives and careers."The business was founded in 1930 when JK Wilkinson opened his first store in expanded across the Midlands initially and by the 1990s became one of Britain's fastest-growing retailers, rebranding as Wilko in in early August 2023 the firm, headquartered in Worksop, Nottinghamshire, collapsed into administration and put 12,500 jobs at risk, before closing down its 400 stores the following month.
