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The Latest Breaking News from Jon Thompson

Frasers lowers goal for new bonus plan after boss misses £100m payout target

The Sports Direct owner revealed proposals for a new five-year bonus scheme with a lowered share price target, from £15 to £12.

Evening Standard

Frasers names former audit watchdog chief as new chairman

Sir Jon Thompson will succeed David Daly, who steps down next month after eight years in the role.

Evening Standard

Cost of HS2 could pass £80bn as estimated bill jumps 15% in a year

Projected bill includes price of building HS2 station at Euston, with a budget of about £5bn

The Guardian - UK

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£100m plus bat shed ‘tip of iceberg’ on HS2 delivery ‘failure’, says Haigh

The Transport Secretary described a ‘complete lack of efficiency’ in spending.

Evening Standard

HS2 spending more than £100m to build bat ‘shed’

Expensive saga an example of UK’s ‘genuine problem’ with completing major infrastructure projects, project’s chair says

The Independent UK

Cost of ‘bat shed’ to protect colony near HS2 has topped £100m, chair says

Jon Thompson tells industry conference there was ‘no evidence’ that bats were at risk from the trains

The Guardian - UK

HS2 Ltd spending more than £100m on bat ‘shed’, says chairman

Sir Jon Thompson said this is despite there being ‘no evidence that high-speed trains interfere with bats’.

The Independent UK

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Yes, review HS2’s ‘dire’ delivery – but contract renegotiation matters more

To unpick this debacle, the transport secretary will have to cajole companies to go against their shareholders’ interests

The Guardian - UK

UK gas prices hit highest level of 2024 after crack closes Norwegian pipeline; UK factories return to growth – as it happened

Rolling coverage of the latest economic and financial news, as wholesale gas prices rise after disruption to supplies from Norway

The Guardian - UK

Peaky Blinders creator calls HS2 ‘gamechanger’ for West Midlands

Steven Knight, who is building a film studio in Birmingham, says line is catalyst for activity as data shows £10bn boost to region

The Guardian - UK

HS2: true cost of London-Birmingham line is more like £66bn, boss admits

Inflation means project £8bn-£10bn more expensive than 2019 estimate, MPs told

The Guardian - UK

Work on new HS2 station to begin early in 2024

HS2 Ltd executive chair Sir Jon Thompson said the transition towards installing railway systems will ‘edge us ever closer’ to completion

Evening Standard

Next HS2 boss could be paid more than predecessor's £677,000

Sir Jon Thompson, executive chairman of HS2 Ltd, told the Public Accounts Committee the salary to be offered for the vacant role is being assessed

Evening Standard

Government disagrees with HS2 estimate showing ‘significant’ cost rise

HS2 Ltd calculated in September that building the line between London and the West Midlands would cost between £49 billion and £57 billion.

The Independent UK

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The Guardian - UK

Sunak says he can’t afford public sector pay rises – but look at the white elephants he’s happy to fund

Spending priorities sum up all that is rotten in government. Where is the money for education and the NHS, asks Guardian columnist Simon Jenkins

ABC News

South Australian hobby farmer sets Australian record with 1kg elephant garlic

Jon Thompson knew he was on to something big when he harvested his garlic crop and found some monster bulbs.

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