Sainsbury’s gives boss huge bonus

Sainsbury’s handed new boss Justin King free shares worth £1.4 million — just as staff discovered their Christmas bonus was being scrapped.

The supermarket chain confirmed it won’t be offering staff a £100 goodwill payment in December for the first time in 25 years as it focuses investment on a trading revival.

The decision will affect 100,000 full-time staff who have instead been offered a 5% increase in their store discount to 15% from October to December.