And finally…retiring insurance boss to gift millions to staff
Thousands of Admiral Insurance staff are to receive a £1,000 cash handout from their outgoing boss.
Henry Engelhardt said he was gifting cash as a £7 million thank you before he retires.
American-born Mr Engelhardt and his wife Diane told staff at the Cardiff-headquartered insurer they will give £1,000 as a personal gift to every full-time employee with at least one year’s service and £500 to all other workers.
Admiral employs 8,375 staff, including just over 6,000 in the UK.
The move comes less than two months before Mr Engelhardt retires in May after clocking up nearly 25 years at the group he co-founded in 1991.
He will be replaced by co-founder and current Admiral chief operating officer David Stevens.
The Mr Engelhardt said that saying thank you to his staff was “the most important thing we can do”.