Pay soars for Home Retail bosses

The boss of Argos and Homebase owner Home Retail Group saw his total pay soar more than 40% last year despite overseeing a slide in annual profits.

Terry Duddy earned £1.56 million in pay and perks during the year to the start of March, up from £1.1 million a year earlier, even though the retailer posted a 10% decline in pre-tax profits to £91 million in 2012/13.%VIRTUAL-SkimlinksPromo%