Almost a quarter of its investors voted against the retailer’s remuneration report at its AGM yesterday, which will see boss Alex Baldock handed long-term share awards worth more than £2.3m.

Ahead of yesterday’s meeting, Institutional Shareholder Services (ISS) had called for investors to vote against Baldock’s hefty share-based incentive plan.

Some 23.5% of shareholders voted against the remuneration report.