The error arose due to a misunderstanding of the rules of the option scheme, according to chairman and chief executive Nigel Newton. The mistake was unveiled as the company announced interim results, showing a profit of £3.9m.
Bloomsbury said that the cancellation would cost the company nothing and that pay would not rise to compensate for any loss of income, The Times reported.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements