BLOOMBERG The UK government offered a 5% pay rise to nurses, midwives and ambulance workers in England for the next financial year, in a bid to end months of strikes. The proposal for National Health Service (NHS) workers includes a one-time bonus worth 2% of salary for 2022-23, along with an “NHS backlog bonus” worth at least £1,250 per person, ...

BLOOMBERG General Electric (GE) Co Chief Executive Officer Larry Culp saw his total compensation decline more than 60% in 2022 after agreeing last year to a reduced annual stock award. The CEO’s total compensation in 2022 was $8.2 million, down from $22.7 million in 2021, according to the company’s annual proxy filing. The 64% reduction was expected, and mostly due ...

BLOOMBERG UK food-delivery service Deliveroo Plc reported that annual sales rose 14% last year when inflation and economic headwinds hit customers. Revenue rose to £1.97 billion ($2.4 billion) and its operating loss was £245.6 million last year, the company said in a statement. Shares fell 3% to 86.88 pence in London. The company said it reached a key milestone of ...