The wines and spirits group, Allied Domecq, has revealed that it paid two former executives £2m in compensation for losing their jobs.

The company paid former chief executive, Tony Hales, £1.27m to settle a dispute over the terms of his departure in 1999. Hales had already been paid £1.02m in compensation in the year to the end of August 1999.

Allied Domecq said it also paid £725,000 in compensation to Todd Martin, formerly president of its North American wines and spirits division.