A WATCHDOG has attacked troubled group Jarvis over excessive executive bonuses.

The Association of British Insurers has warned the company over payments made for 2002/3.

Former chairman Paris Moayedi got bonuses of £260,000 while chief executive Kevin Hyde was paid £137,000 extra.

Four other directors shared £400,000.

The association said the payments were too high and should be of "great concern" to its members who hold shares in Jarvis.

Services company Jarvis is linked with Kirklees Council in a private-public partnership scheme involving refurbishment at 20 schools.

Shares in the company have slumped from a peak of about 560p after its involvement in the Potters Bar rail crash.

They are now about 32p.