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.... . AkzoNobel has been trying to repel the bid by announcing plans to spin off its chemicals unit and return most of the proceeds to shareholders. ... [Read full article on BBC ]
Monday 24th of April 2017 11:08:17 AM
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....France's richest man has made a £10bn move to combine the Christian Dior fashion house and luxury goods firm LVMH under the same ownership. Bernard Arnault is the boss of LVMH, which runs Louis Vuitton and Moet champagne, and is also the main shareholder in Christian Dior. ... [Read full article on BBC ]
Tuesday 25th of April 2017 11:31:29 AM
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....As well as shoes, Jimmy Choo produces a range of luxury goods, but has seen sales slow in recent years. The move received backing from Jimmy Choo's main shareholder JAB Holdings, which said on Monday it was also prepared to offload Bally, the Swiss heritage shoe and handbag-maker. ... [Read full article on BBC ]
Monday 24th of April 2017 06:35:35 AM
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.... Shareholders will be asked to approve the deal on 8 June and a yes vote will most likely trigger a huge payout for Mayer. Yahoo’s CEO holds stock, stock options and restricted stock units worth a total of $186m, according to documents sent to shareholders about the Verizon deal. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:01:56 PM
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....The luxury shoe and bag retailer Jimmy Choo has put itself up for sale in a move that took the market by surprise. The retailer said it had “decided to conduct a review of the various strategic options open to the company to maximise value for its shareholders” and that it was seeking offers for the business. ... [Read full article on Guardian ]
Monday 24th of April 2017 08:25:28 AM
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....Getting rid of Barclays chief executive Jes Staley would be bad for Barclays and bad for UK banking. That's the view of some current and former shareholders who tell me that not only would Barclays suffer if the US boss was pushed out during his so-far successful turnaround of the 360-year-old bank but also, weakening the UK's last major investment bank would be bad for the entire UK financial landscape. ... [Read full article on BBC ]
Friday 28th of April 2017 06:36:15 AM
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....The chief executive’s big paydays have been seen as symptomatic of what critics call “Sorrellcentricity” at WPP – the view that Sorrell is autocratic and dominates decision-making – which in turn has led investors to increasingly challenge the governance of the company. “Sir Martin identifies very closely with WPP as his personal creation,” says Sarah Wilson, chief executive of shareholder advisory service Manifest. ... [Read full article on Guardian ]
Saturday 29th of April 2017 03:00:02 PM
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....Capital is considered vital to a bank's safety, as it serves to protect it from sudden losses. It comes in many forms, but the most common is funding from shareholders, who expect a hefty return on the risk they are taking. ... [Read full article on BBC ]
Friday 28th of April 2017 02:26:12 PM
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....The inflated value of AssetCo, whose main customers were the London and Lincolnshire fire services, and which had a listing on the Alternative Investment Market, had been achieved by the exaggeration of its assets and by inventing sources of income. That in turn meant that the firm's shareholders suffered large losses when the value of the shares fell from £6 each in 2009 to just £1 each in 2011. ... [Read full article on BBC ]
Monday 24th of April 2017 02:48:48 PM
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....Experts at Jefferies, the stockbroker, said that if the company offset the pain by making its fixed deals more expensive – as seems likely across the industry – it would reduce the loss to £150m. Several analysts said a price cap could hit the ability of Centrica to pay a dividend to shareholders. ... [Read full article on Guardian ]
Monday 24th of April 2017 09:05:46 AM
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.... “We are very pleased to offer borrowers the lowest mortgage rate ever available,” said a spokesman. “The cost of funding has fallen in recent weeks and, as a financially strong building society with no external shareholders to satisfy, we have the ability to pass this on to borrowers. ... [Read full article on Guardian ]
Monday 24th of April 2017 10:30:16 AM
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....The move comes after Transline was one of two employment agencies exposed by a 2015 Guardian investigation of paying temporary workers at Sports Direct’s Shirebrook warehouse less than the national minimum wage. It also follows the firm being axed last month from supplying temporary warehousing staff to the world’s largest retailer Amazon, and comes two weeks after the company announced that Colin Beasley – who was the majority shareholder when the group founded - had left its board. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 10:49:04 AM
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....Credit Suisse says it plans to raise 4bn Swiss francs (£3. 14bn) from shareholders in an effort to strengthen its capital base. ... [Read full article on BBC ]
Wednesday 26th of April 2017 06:27:10 AM
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....Hornby's directors are to fight against a proposal to remove chairman Roger Canham from the company's board. New Pistoia, the toymaker's second biggest shareholder, want to replace Mr Canham with Ian Alexander Anton, non-executive director of Victoria Carpets. ... [Read full article on BBC ]
Tuesday 25th of April 2017 07:23:45 AM
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. Wells Fargo, the US bank under fire for creating fake customer accounts, faced angry shareholders at its annual meeting in Florida on Tuesday. ... [Read full article on BBC ]
Tuesday 25th of April 2017 06:49:21 PM
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.... Brexit-related uncertainties are a background worry since Lloyds is a proxy for the performance of the UK economy, but the major restructuring is over. It’s now a matter of deciding how generous to be with shareholders’ dividends while setting the correct rate of investment in digital innovations. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:15:03 PM
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....Jes Staley, the chief executive of Barclays, has admitted he made a mistake in his repeated attempts to unmask a whistleblower but said he did not offer his resignation over the scandal. The American is under mounting pressure after a shareholder advisory service, ISS, advised investors to abstain from backing his re-election to the board at next month’s annual general meeting because of the ongoing investigation by the City regulators into breaches of whistleblowing rules. ... [Read full article on Guardian ]
Friday 28th of April 2017 08:27:59 AM
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. AstraZeneca has suffered another shareholder revolt over executive pay, with two-fifths opposing a £13m package for its chief executive. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:13:55 PM
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....A takeover bid for the Isle of Wight Festival is being investigated by a watchdog amid concerns over the deal. The inquiry comes after bidder Live Nation said it had become the majority shareholder of the event in March. ... [Read full article on BBC ]
Wednesday 26th of April 2017 09:47:24 AM
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....5% to 70p, remaining below the 73. 6p average price per share at which the government bailed out the bank following the HBOS rescue in 2008, but buoyed by hopes of future dividend payments to shareholders. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:33:22 AM
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.... If Miliband had been so vague, they would have pummelled him twice – once for fixing prices and once for creating uncertainty. Tony Hayward has many calls on his time – the former BP chief executive, who lost his job after the Deepwater Horizon disaster, is chairman of Glencore, for starters – but impoverished shareholders in Genel Energy are entitled to feel miffed that their chairman is bowing out now with the shares 90% below their launch price. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:58:33 PM
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. Barclays’ chief executive is facing a shareholder revolt at next month’s annual meeting because of the ongoing regulatory investigation into his attempts to unmask a whistleblower. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:37:05 PM
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....The latest payout will be the last from WPP’s controversial Leap scheme, which has sparked investor revolts at the company’s annual meetings, and is to be replaced with a less generous deal that is expected to pay out under £20m annually. However, WPP – which saw a third of shareholders oppose Sorrell’s £70m payout for 2015 at last year’s AGM, one of the biggest pay deals in UK corporate history – is set to announce that it will cut Sorrell’s maximum pay package to closer to £15m. ... [Read full article on Guardian ]
Thursday 27th of April 2017 08:05:41 PM
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....Sir Martin Sorrell received £48m in remuneration last year as WPP, the marketing and advertising company he founded and runs, moved to curb the level of his future payouts to avoid further clashes with investors. Sorrell, who has been on the receiving end of a string of shareholder voting revolts at WPP’s annual meetings in recent years, received total pay, bonuses and incentive scheme payouts of £48. ... [Read full article on Guardian ]
Friday 28th of April 2017 10:22:43 AM
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Latest Finance News related to Shareholder

Martin Sorrell and the sunset of the superstar chief executives image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
....The chief executive’s big paydays have been seen as symptomatic of what critics call “Sorrellcentricity” at WPP – the view that Sorrell is autocratic and dominates decision-making – which in turn has led investors to increasingly challenge the governance of the company. “Sir Martin identifies very closely with WPP as his personal creation,” says Sarah Wilson, chief executive of shareholder advisory service Manifest. ...
'Fire sale' risk with Bank capital approach, says Vickers image
Source : BBC [Read Article] Friday 28th of April 2017 02:26:12 PM
....Capital is considered vital to a bank's safety, as it serves to protect it from sudden losses. It comes in many forms, but the most common is funding from shareholders, who expect a hefty return on the risk they are taking. ...
Sir Martin Sorrell's pay package plunges from £70m to £48m image
Source : Guardian [Read Article] Friday 28th of April 2017 10:22:43 AM
....Sir Martin Sorrell received £48m in remuneration last year as WPP, the marketing and advertising company he founded and runs, moved to curb the level of his future payouts to avoid further clashes with investors. Sorrell, who has been on the receiving end of a string of shareholder voting revolts at WPP’s annual meetings in recent years, received total pay, bonuses and incentive scheme payouts of £48. ...
Barclays chief admits he 'made a mistake' over whistleblowing case image
Source : Guardian [Read Article] Friday 28th of April 2017 08:27:59 AM
....Jes Staley, the chief executive of Barclays, has admitted he made a mistake in his repeated attempts to unmask a whistleblower but said he did not offer his resignation over the scandal. The American is under mounting pressure after a shareholder advisory service, ISS, advised investors to abstain from backing his re-election to the board at next month’s annual general meeting because of the ongoing investigation by the City regulators into breaches of whistleblowing rules. ...
Barclays profits more than double image
Source : BBC [Read Article] Friday 28th of April 2017 06:36:15 AM
....Getting rid of Barclays chief executive Jes Staley would be bad for Barclays and bad for UK banking. That's the view of some current and former shareholders who tell me that not only would Barclays suffer if the US boss was pushed out during his so-far successful turnaround of the 360-year-old bank but also, weakening the UK's last major investment bank would be bad for the entire UK financial landscape. ...
WPP to cut Sir Martin Sorrell's pay to £15m in bid to calm investors image
Source : Guardian [Read Article] Thursday 27th of April 2017 08:05:41 PM
....The latest payout will be the last from WPP’s controversial Leap scheme, which has sparked investor revolts at the company’s annual meetings, and is to be replaced with a less generous deal that is expected to pay out under £20m annually. However, WPP – which saw a third of shareholders oppose Sorrell’s £70m payout for 2015 at last year’s AGM, one of the biggest pay deals in UK corporate history – is set to announce that it will cut Sorrell’s maximum pay package to closer to £15m. ...
Will Lloyds chief enjoy plain sailing or will he jump ship? | Nils Pratley image
.... Brexit-related uncertainties are a background worry since Lloyds is a proxy for the performance of the UK economy, but the major restructuring is over. It’s now a matter of deciding how generous to be with shareholders’ dividends while setting the correct rate of investment in digital innovations. ...
Barclays boss faces shareholder revolt over whistleblowing case image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:37:05 PM
. Barclays’ chief executive is facing a shareholder revolt at next month’s annual meeting because of the ongoing regulatory investigation into his attempts to unmask a whistleblower. ...
AstraZeneca shareholders revolt over chief executive's £13m pay image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:13:55 PM
. AstraZeneca has suffered another shareholder revolt over executive pay, with two-fifths opposing a £13m package for its chief executive. ...
Lloyds profits double to £1.3bn despite PPI and fraud payouts image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:33:22 AM
....5% to 70p, remaining below the 73. 6p average price per share at which the government bailed out the bank following the HBOS rescue in 2008, but buoyed by hopes of future dividend payments to shareholders. ...
Sports Direct agency Transline preparing for insolvency image
Source : Guardian [Read Article] Wednesday 26th of April 2017 10:49:04 AM
....The move comes after Transline was one of two employment agencies exposed by a 2015 Guardian investigation of paying temporary workers at Sports Direct’s Shirebrook warehouse less than the national minimum wage. It also follows the firm being axed last month from supplying temporary warehousing staff to the world’s largest retailer Amazon, and comes two weeks after the company announced that Colin Beasley – who was the majority shareholder when the group founded - had left its board. ...
Isle of Wight Festival takeover bid by Live Nation investigated image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:47:24 AM
....A takeover bid for the Isle of Wight Festival is being investigated by a watchdog amid concerns over the deal. The inquiry comes after bidder Live Nation said it had become the majority shareholder of the event in March. ...
Credit Suisse plans £3bn fundraising to boost capital image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:27:10 AM
....Credit Suisse says it plans to raise 4bn Swiss francs (£3. 14bn) from shareholders in an effort to strengthen its capital base. ...
Shareholders angry over fake accounts disrupt Wells Fargo meeting image
. Wells Fargo, the US bank under fire for creating fake customer accounts, faced angry shareholders at its annual meeting in Florida on Tuesday. ...
Outgoing Yahoo chief executive Marissa Mayer will likely get $186m payout image
.... Shareholders will be asked to approve the deal on 8 June and a yes vote will most likely trigger a huge payout for Mayer. Yahoo’s CEO holds stock, stock options and restricted stock units worth a total of $186m, according to documents sent to shareholders about the Verizon deal. ...
Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
....France's richest man has made a £10bn move to combine the Christian Dior fashion house and luxury goods firm LVMH under the same ownership. Bernard Arnault is the boss of LVMH, which runs Louis Vuitton and Moet champagne, and is also the main shareholder in Christian Dior. ...
Hornby directors defend chairman Roger Canham image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:23:45 AM
....Hornby's directors are to fight against a proposal to remove chairman Roger Canham from the company's board. New Pistoia, the toymaker's second biggest shareholder, want to replace Mr Canham with Ian Alexander Anton, non-executive director of Victoria Carpets. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
.... If Miliband had been so vague, they would have pummelled him twice – once for fixing prices and once for creating uncertainty. Tony Hayward has many calls on his time – the former BP chief executive, who lost his job after the Deepwater Horizon disaster, is chairman of Glencore, for starters – but impoverished shareholders in Genel Energy are entitled to feel miffed that their chairman is bowing out now with the shares 90% below their launch price. ...
Accountants Grant Thornton fined £2.3m over audit image
Source : BBC [Read Article] Monday 24th of April 2017 02:48:48 PM
....The inflated value of AssetCo, whose main customers were the London and Lincolnshire fire services, and which had a listing on the Alternative Investment Market, had been achieved by the exaggeration of its assets and by inventing sources of income. That in turn meant that the firm's shareholders suffered large losses when the value of the shares fell from £6 each in 2009 to just £1 each in 2011. ...
Offer for Dulux owner AkzoNobel raised again image
Source : BBC [Read Article] Monday 24th of April 2017 11:08:17 AM
.... . AkzoNobel has been trying to repel the bid by announcing plans to spin off its chemicals unit and return most of the proceeds to shareholders. ...
Bubble, bubble, toil and trouble: why ultra-low mortgage rates are dangerous | Jonn Elledge image
.... “We are very pleased to offer borrowers the lowest mortgage rate ever available,” said a spokesman. “The cost of funding has fallen in recent weeks and, as a financially strong building society with no external shareholders to satisfy, we have the ability to pass this on to borrowers. ...
Tory energy bill cap dents Centrica and SSE share prices image
Source : Guardian [Read Article] Monday 24th of April 2017 09:05:46 AM
....Experts at Jefferies, the stockbroker, said that if the company offset the pain by making its fixed deals more expensive – as seems likely across the industry – it would reduce the loss to £150m. Several analysts said a price cap could hit the ability of Centrica to pay a dividend to shareholders. ...
Now on sale: Jimmy Choo (the whole company) image
Source : Guardian [Read Article] Monday 24th of April 2017 08:25:28 AM
....The luxury shoe and bag retailer Jimmy Choo has put itself up for sale in a move that took the market by surprise. The retailer said it had “decided to conduct a review of the various strategic options open to the company to maximise value for its shareholders” and that it was seeking offers for the business. ...
Jimmy Choo seeks well-heeled buyer image
Source : BBC [Read Article] Monday 24th of April 2017 06:35:35 AM
....As well as shoes, Jimmy Choo produces a range of luxury goods, but has seen sales slow in recent years. The move received backing from Jimmy Choo's main shareholder JAB Holdings, which said on Monday it was also prepared to offload Bally, the Swiss heritage shoe and handbag-maker. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
....In addition, Elliott has called for overhaul at Australian mining giant BHP Billiton, put pressure on Samsung to restructure, and pushed for the hostile takeover of Dulux paint owner AkzoNobel. "They're renowned for being very involved and active," says Josh Black, editor-in-chief of Activist Insight, which tracks shareholder activism. ...
Barclays boss’s spy act is a funny old business image
Source : Guardian [Read Article] Sunday 23rd of April 2017 06:00:05 AM
....So it will prove again this week when the drugs group AstraZeneca holds its annual general meeting, where tradition (and possibly the company’s constitution) dictates that there will be a tasty little scrap over executive pay. You’ll recall how in the so-called shareholder spring of 2012, then Astra boss David Brennan was ousted after a row over his £9m package, which he’d combined with a touch of underperformance – but the pay narrative has remained pretty constant since, no matter who’s been the boss. ...
Yorkshire Building Society launches record low 0.89% mortgage rate image
Source : Guardian [Read Article] Thursday 20th of April 2017 11:01:02 PM
....A spokesman for the Yorkshire, which announced in January that it was shutting 48 branches, said: “We are very pleased to offer borrowers the lowest mortgage rate ever available. The cost of funding has fallen in recent weeks and, as a financially strong building society with no external shareholders to satisfy, we have the ability to pass this on to borrowers. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
.... Theresa May has pledged to keep Britain open to trade; Trump campaigned on a protectionist ticket at odds with everything the Fund stands for. A political gulf has opened up between the body created to sort out global economic problems and its biggest shareholder, the United States. ...
Debenhams jobs at risk as stores close in 'social shopping' shakeup image
Source : Guardian [Read Article] Thursday 20th of April 2017 09:18:15 AM
....”. Bucher was brought into replace Michael Sharp in 2016 after shareholders pushed for a change at the top following a series of poor results and profit warnings. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... That’s all that’s required, and he did it well. Burberry shareholders did splendidly during the boom years for luxury goods, but the recent air of frustration won’t be cleared by yet another update that was long on grumbles about the “uncertain environment”, even though the company received the great gift of a lower pound. ...
Dulux owner reports 'record performance' image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:04:29 AM
....7bn euros. The Dutch firm also announced plans to spin off its chemicals unit and return most of the proceeds to shareholders. ...
Next slashes Wolfson's pay by half after profits slide image
Source : BBC [Read Article] Tuesday 18th of April 2017 06:35:51 PM
....7m (£3m). The oil giant took the decision to stave off a possible shareholder rebellion over ever-increasing pay for its top executives. ...
Can’t we stop colossal firms taking over small businesses? image
Source : Guardian [Read Article] Monday 17th of April 2017 01:08:04 PM
....Not that your average gigantic takeover involves murder, unless you include killing off thousands of jobs and independent businesses, but why force yourself upon something that doesn’t want you? I know the answer, really. It’s just shareholders wanting fatter wallets. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
....6bn purchase of baby formula firm Mead Johnson. Still, Kapoor’s plan to cut the mustard does seem to have cut the mustard, at least as far as shareholders are concerned. ...
United Airlines shows why it's time to deplane corporate-speak image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:59:23 AM
.... But that should not stop them from engaging with staff and customers openly. Too often, chief executives seem to prioritise addressing shareholders rather than staff or customers. ...
Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
.... In a letter, they said the board was “largely unchanged” since the company floated and was at risk of “groupthink”. The shareholders include the California State Teachers’ Retirement System, Hermes Equity Ownership Services and CtW Investment Group, among others, collectively managing assets worth $721bn (£575bn). ...
Credit Suisse bosses slash bonuses 40 percent image
Source : Guardian [Read Article] Friday 14th of April 2017 03:10:01 PM
. Credit Suisse bosses have cut their bonuses by 40% in the hope of avoiding an embarrassing protest by shareholders and politicians at the bank’s annual meeting. ...
Bernard Matthews seller 'lined own pockets' by rejecting pension offer image
....“No attention has been paid to the hardship caused to retired and existing employees. It is all too easy for companies, their directors and shareholders to extract cash and dump pension obligations to employees, leaving the Pension Protection Fund or taxpayers to foot the bill, and effectively boost returns to corporate elites. ...
BHS workers share £1m payout over failed redundancy process image
Source : Guardian [Read Article] Friday 14th of April 2017 06:59:27 AM
....The retailer lasted just a year under the control of Chappell’s consortium and its unravelling finances would become the subject of a high-profile parliamentary inquiry which concluded that the company had been systematically plundered by its owners. During his ownership, the Green family and other shareholders collected at least £580m from BHS in dividends, rental payments and interest on loans. ...
Credit Suisse bosses offer to cut their own bonuses by 40% image
Source : BBC [Read Article] Friday 14th of April 2017 01:30:19 AM
....They also proposed to keep total board pay at the same level as 2015 and 2016. The move follows pressure from Swiss lawmakers and the bank's shareholders to address excessive executive pay. ...
Drax investors rebel on bosses' pay image
Source : BBC [Read Article] Thursday 13th of April 2017 04:07:48 PM
....Mr Gardiner, who joined in late 2015 from semiconductor maker CSR, was paid a total of £971,000. Drax said it would hold further talks with shareholders in the wake of the protest vote. ...
Tesla board 'too close to Elon Musk' image
Source : BBC [Read Article] Wednesday 12th of April 2017 09:01:58 PM
. A group of Tesla shareholders has questioned the independence of the electric carmaker's board, warning it is too close to boss and co-founder Elon Musk. ...
Akzo Nobel faces call to axe chairman amid takeover battle image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:42:40 AM
....Elliot Investors' call to remove Antony Burgmans follows the Dutch firm's refusal to enter talks with US rival PPG Industries over a $24bn takeover. Akzo has rejected two offers from PPG, but some shareholders - including Elliott - support the bid. ...
WH Smith profits rise thanks to travel sales image
Source : BBC [Read Article] Wednesday 12th of April 2017 07:33:36 AM
....Overall profits in the first six months of the company's financial year rose from £80m to £83m. It increased its dividend payout to shareholders by 9%. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
....5bn of costs. The supermarket also needs strong results to help it persuade shareholders to back its attempt to buy wholesaler Booker. ...
Under-fire Barclays chief is probably guilty of behaving like a chump image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
....This melodrama is worthy of a Mexican daytime soap, not the head of one of Britain’s biggest banks. The next episode airs on 10 May, when Staley must face shareholders at the bank’s annual general meeting. ...
Travelodge makes more out of business than leisure visitors image
Source : BBC [Read Article] Monday 10th of April 2017 07:11:56 AM
.... . Mr Gowers, who became chief executive in 2013, said that the firm's "current shareholders are not natural long-term holders of a hotel business". ...
Tesco to report a return to financial health image
Source : Guardian [Read Article] Sunday 9th of April 2017 04:14:41 PM
....Tesco will this week reassure investors that its crisis years are behind it by reporting a bigger than expected jump in annual profits. The chief executive, Dave Lewis, has alarmed some of the supermarket’s biggest shareholders by mounting a surprise £3. ...
Unilever bins Flora – but butters up its shareholders | Nils Pratley image
Source : Guardian [Read Article] Thursday 6th of April 2017 06:21:41 PM
.... Happy now?. Unilever’s shareholders – even those who mystifyingly wanted to lower the drawbridge for the Kraft Heinz raiders – should be satisfied. ...
Why BlackRock wants to pay George Osborne £650,000 a year | Nils Pratley image
....55%). It is the biggest shareholder in more than half of the FTSE 100’s companies: Ashtead, Aviva, AstraZeneca, British American Tobacco, British Land, BHP Billiton, BP, Burberry, Centrica, Compass, Croda, CRH, Diageo, Direct Line, Experian, GKN, GlaxoSmithKline, Hammerson, HSBC, 3i, Imperial Brands, Intertek, Johnson Matthey, Kingfisher, Land Securities, Legal & General, Lloyds Banking Group, London Stock Exchange, Marks & Spencer, Mondi, National Grid, Next, Persimmon, Royal Dutch Shell A and B shares, Relx, Royal Mail, Randgold Resources, Sage, Shire, St James’s Place, Standard Life, Smiths Group, Scottish Mortgage Investment Trust, Smith & Nephew, Severn Trent, Tesco, Unilever, Vodafone, Worldpay, and WPP. ...
BP slashes 2016 pay for boss Dudley image
Source : BBC [Read Article] Thursday 6th of April 2017 10:29:51 AM
....4m in 2015. It follows a rebellion by shareholders, who last year voted against Mr Dudley's 2015 pay award. ...
Unilever to ditch Flora and Stork as consumers turn to butter image
Source : Guardian [Read Article] Thursday 6th of April 2017 07:59:35 AM
....Unilever also announced it would spend €5bn (£4. 3bn) on buying back its own shares – which should push the price of the shares up – and would increase its dividend payout to shareholders by12% this year. ...
Unilever to sell off Flora and Stork image
Source : BBC [Read Article] Thursday 6th of April 2017 06:57:38 AM
....The surprise package was Paul Polman's decision to look at Unilever's historic dual-listing structure, a quirk that has its roots in the company's creation when Britain's Lever Bros merged with the Dutch margarine maker Unie in the 1930s. Dual-listed companies are rare, and shareholders generally don't like them, not only because of the increased cost and complexity that comes with supporting two corporate structures, but also because they can be useful defences against takeover bids. ...
Deliveroo's verbal gymnastics show commonsense not on the menu image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:29:05 PM
.... The writedown will be $147m (£118m), which is enormous when one recalls that the directors’ last stab at the worth of the entire group’s assets was $535m. That estimate, note, was reiterated as recently as last December, when Allied Minds raised £64m from shareholders. ...
Thousands of Tesco jobs at risk under plan to axe some night shifts image
Source : Guardian [Read Article] Wednesday 5th of April 2017 04:55:52 PM
.... The closure of two distribution centres at the start of the year also led to the loss of about 500 jobs. Lewis is expected to face tough questions about the merits of the Booker deal when the company reports its annual results next week after two major shareholders revealed their opposition to the deal. ...
Krispy Kreme owner pays $7.5bn for Panera Bread chain image
Source : BBC [Read Article] Wednesday 5th of April 2017 04:05:19 PM
....Founder and chairman Ron Shaich said: "Panera has been the best-performing restaurant stock of the past 20 years - up over 8,000%. Today's transaction is a direct reflection of those efforts and delivers substantial additional value for our shareholders. ...
Bovis rejects Galliford Try bid – but hires rival's ex-boss as its new chief image
....Fitzgerald said: “Bovis has a great brand, excellent people and a high-quality land bank. I very much look forward to working with the management team to restore Bovis’s position as a leading housebuilder and deliver significantly improved returns to shareholders. ...
Galliford Try abandons Bovis takeover image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:38:06 AM
....Galliford Try has abandoned an effort to buy rival builder Bovis Homes. Galliford Try said it had been unable to reach an agreement that would benefit its shareholders. ...
Billionaire Warren Buffett becomes face of Cherry Coke in China image
Source : Guardian [Read Article] Wednesday 5th of April 2017 07:17:20 AM
....Coca-Cola announced over the weekend that a grinning cartoon portrait of the American business magnate would adorn cans and bottles of his favourite flavour following its introduction in the country on 10 March. Berkshire Hathaway, Buffett’s investment firm, is Coca-Cola’s biggest shareholder with a 9. ...
Boardroom pay: Theresa May must act to curb the excesses | Nils Pratley image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:32:04 AM
....What’s stopping reform? Only the timidity of pay committees that cling to consensual thinking and what their consultants tell him. It is safer to carry on with a discredited system than design a better one and put it to a shareholder vote. ...
MPs urge crackdown on excessive pay to rebuild public trust in business image
Source : Guardian [Read Article] Wednesday 5th of April 2017 05:30:12 AM
....The MPs’ new report recommended companies establish stakeholder advisory panels, including workers, consumers, and suppliers. It also suggested workers be represented on remuneration committees and for the chairs of those committees to be expected to resign if fewer than 75% of shareholders fail to approve the company’s pay policy. ...
High pay eroding trust in business, says MPs' report image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:14:33 PM
....The committee has called for businesses to simplify the structure of executive pay and put an end to long-term incentive plans. Their recommendations include workers on the remuneration committees that decide executive pay, and for the chairs of these committees to be expected to resign if shareholders reject their proposed pay policy. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
....The president's remarks have the backing of Jamie Dimon, chairman and chief executive of one of the world's biggest banks, JP Morgan Chase. In his annual letter to shareholders, released on Tuesday, he said the regulatory burden "is unnecessarily complex, costly and sometimes confusing". ...
Warren Buffett appears on Cherry Coke cans in China image
Source : BBC [Read Article] Tuesday 4th of April 2017 10:15:19 AM
.... . Mr Buffett is frequently pictured in public drinking Cherry Coke, and his investment firm Berkshire Hathaway is Coca-Cola's biggest shareholder, with nearly 10% of the shares. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
....3bn bailout at the height of the financial crisis in 2008. This includes about £500m in payouts to shareholders since the bank resumed paying dividends in 2014 as it has returned to profit growth in recent years. ...
WS Atkins receives potential £2bn takeover offer image
Source : BBC [Read Article] Monday 3rd of April 2017 09:00:52 AM
....80 per share, which would value WS Atkins at £2bn. The UK firm says the bid is sufficiently high that it may recommend it to its shareholders, assuming a firm offer is made by 1 May. ...
Apple exit sends UK chip firm's shares into freefall image
Source : Guardian [Read Article] Monday 3rd of April 2017 08:10:18 AM
.... The firm warned that the US tech firm risked infringing its intellectual property rights. Apple has used Imagination’s chip technology under a licensing agreement for many years and is one of its biggest shareholders, with an 8. ...
Reckitt Benckiser confirms review of food business image
Source : BBC [Read Article] Monday 3rd of April 2017 07:27:52 AM
.... . Earlier this year, some shareholders had suggested that Mr Kapoor had pursued the Mead Johnson tie-up to ensure he hit lucrative bonus targets. ...
Hull after Brexit – will the City of Culture regret voting out? image
Source : Guardian [Read Article] Sunday 2nd of April 2017 02:30:03 PM
.... Those plans have been on hold since the Brexit vote. Last November, in its 2015-16 annual report, which revealed income from worldwide operations of €79bn (£69bn) from a global workforce of 351,000, Siemens delivered a stark warning to its shareholders about the consequences of Britain leaving the EU. ...
As demand rises, the reputation  of new-build homes is crumbling image
Source : Guardian [Read Article] Sunday 2nd of April 2017 05:59:46 AM
.... One of the UK’s largest developers, Bovis, recently set aside a £7m fund to repair substandard homes and announced it would scale back its projects after claims it paid purchasers to move into unfinished homes to meet completion targets. “Standards are falling all the time as demand from shareholders takes priority over quality,” says Phil Waller, a retired construction manager who runs advice and campaigning website brand-newhomes. ...
British rail is nationalised all over again – by foreign states image
Source : Guardian [Read Article] Saturday 1st of April 2017 02:59:28 PM
....According to Paul Plummer of the Rail Delivery Group, which represents train operators, franchising has meant “rail companies from around the world bring new ideas and innovation to Britain’s railway, and railways across the world still want to learn from our successes”. For Aslef’s Whelan, however, the latest foreign incursion underlines how “deeply flawed” franchising is: “We have to ensure that, instead of haemorrhaging money into the pockets of private shareholders or to subsidise the publicly owned railways of other countries, we keep it in Britain either to reinvest in infrastructure, to reduce fares, or to help build the schools and hospitals we need. ...
Reckitt Benckiser slashes boss's pay by 40% image
Source : BBC [Read Article] Friday 31st of March 2017 02:22:16 PM
....Judy Sprieser, chair of RB's remuneration committee, said: "[We have] taken action in respect of both of these one-off events. following extensive engagement with our shareholders throughout the year. ...
GSK's Emma Walmsley steps into Andrew Witty's shoes image
Source : BBC [Read Article] Thursday 30th of March 2017 10:59:54 PM
...."Taking into account the fact that this is Emma's first chief executive role, reductions have been made to all elements of her remuneration package in comparison to Sir Andrew's," the report said. "Constructive feedback" about remuneration from shareholders had also played a role, it said. ...

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