Great Universal Stores' chief executive, John Peace, saw his total earnings last year increase to £1.61m.

Mr Peace, who became chief executive in January 2000, was awarded £683,000 under a long-term incentive plan.

The bonus, which is revealed in the annual report, related to his time as chief executive of Experian, the consumer information business.

He earned a basic salary of £564,000 last year plus a bonus of £344,000 and further taxable benefits of £17,000.