THE chief executive of SpaceandPeople, the shopping centre marketing specialist, has seen his annual pay rise to £169,220, up from £145,044 in 2013.

Matthew Bending was paid a basic salary of £139,996 last year, topped up by a bonus of £20,487, pension contributions of £7000, and benefits of £1737, the company states in its annual report.

SpaceandPeople, which sells retail and promotional space in shopping malls, saw pre-tax profits drop to £762,000 last year from £2.4m in 2013.