THE sacked chief executive of Barclays will leave the bank with a £28 million pot of cash and shares.

Antony Jenkins, who has been replaced by chairman John McFarlane until a successor is found, will depart with a £2.4m "golden goodbye", £15m in shares and around £11m in bonuses.

The windfall comes despite the board concluding that profits had not been boosted quickly enough under his tenure, The Sunday Times reported.

Meanwhile, former JP Morgan big hitter Tushar Morzaria has emerged at the head of a five-strong list of candidates to replace Jenkins as the new boss of Barclays.

Mr Morzaria, Barclays' finance director who has been at the bank for two years, has the investment banking experience that McFarlane is looking for in the new leader, The Sunday Telegraph said.

The Government's new apprenticeship levy, unveiled by Chancellor George Osborne in last week's Summer Budget, will hit Britain's biggest firms by more than £2bn.

The levy is designed to cover the creation of three million apprenticeships - one million more than during the last parliament - which experts say will cost about £3.5bn to deliver.

With The Treasury presently spending £1.5bn to fund training through normal taxation, The Mail on Sunday said the levy will have to raise a further £2bn to meet the new apprenticeship target.

The private equity and pension fund owners of Edinburgh Airport received £142m in dividends last year, reported The Sunday Times, which said the payout to Global Infrastructure Partners and Australian pension investors Future Fund and QSuper was up from £20m the year before.

The revival of music and entertainment chain HMV has been underlined by a deal to open 15 outlets in the Middle East. Talks are also taking place over deals to open stores in Australia, China and India, reported The Sunday Telegraph, which noted that Hilco Capital had bought the majority of HMV's stores out of administration following the chain's collapse in 2013.