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.... But then they would have explained that their own fiduciary duties obliged them not to look gift horses in the mouth. In no time, Unilever’s shareholder register would have been populated by merger arbitrage funds. ... [Read full article on Guardian ]
Sunday 19th of March 2017 07:00:00 AM
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....The ability of companies such as easyJet to operate on routes across the EU has been a major part of their business models, and there may be a renewed willingness among airlines to invest outside the UK to maintain market share. British Airways does not fly intra-Europe, but its parent company IAG is likely to need to disinvest shareholders in order to be majority EU-owned, and allow its other EU-registered carriers to continue to operate across Europe. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 09:33:08 AM
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. Unilever is drawing up plans to heal a rift among shareholders triggered by its rejection of a $143bn (£115bn) bid from Kraft Heinz, amid a warning that Britain could become home to “a garage sale” unless there is protection for domestic companies from foreign takeovers. ... [Read full article on Guardian ]
Sunday 19th of March 2017 01:46:15 PM
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.... . Also Judge Francis Sheridan said more than once during this case that he wanted to send a message to shareholders that pollution on this scale is not acceptable. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 12:40:05 PM
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.... She also wants pay plans to be simplified. Even before the AGM season gets into full swing, shareholders have forced Imperial Brands, maker of Gauloises and John Player cigarettes, to abandon a pay deal for chief executive Alison Cooper. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:59:57 PM
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....“I have to make the fine sufficiently large that [Thames Water] get the message,” he said. Describing the breaches as “wicked” and noting the companies “continual failure to report incidents” and “history of non-compliance”, he said: “One has to get the message across to the shareholders that the environment is to be treasured and protected, and not poisoned. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 11:49:38 AM
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. Two large shareholders in Akzo Nobel have urged the Dulux paint owner to open talks on a potential takeover. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 10:10:12 AM
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.... . Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 01:21:15 PM
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....“We entered the quarter with deflation and exited the quarter with inflation,” declared Mike Coupe, chief executive of Sainsbury’s, describing shop prices in the most recent trading period. Once upon a time, this would have been taken as excellent news for shareholders, as opposed to customers. ... [Read full article on Guardian ]
Thursday 16th of March 2017 07:38:27 PM
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....James Murdoch, chief executive of Fox, was reappointed last year as chairman of Sky. In October, he had to rely on the support of Fox, Sky’s largest shareholder, to win approval for his return after more than 50% of independent shareholders voted against his reappointment. ... [Read full article on Guardian ]
Thursday 16th of March 2017 11:35:05 AM
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....Animal rights protestors from Peta staged a demonstration outside the New York stock exchange. The group, which objects to its use of coyote fur, plans to buy shares in the company so that it can attend shareholder meetings and influence its policy. ... [Read full article on BBC ]
Thursday 16th of March 2017 04:50:44 PM
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.... The merged Vodafone/Idea entity will be the market leader with almost 400 million customers. There is scope to cut costs and both principal shareholders expect the new business to be self-funding. ... [Read full article on Guardian ]
Monday 20th of March 2017 06:58:15 PM
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....Green owned BHS for 15 years until he sold it to Dominic Chappell, a former bankrupt with no retail experience, for just £1 in March 2015. During his ownership, the Green family and other shareholders collected at least £580m from BHS in dividends, rental payments and interest on loans. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:30:06 AM
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....”. Although shareholders approved his current package, some have expressed concerns about the one-off recruitment award. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 03:35:51 PM
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....Hit the owners where it hurts, then? That was the judge’s aim. “One has to get the message across to the shareholders that the environment is to be treasured and protected, and not poisoned,” he said. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 07:28:44 PM
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....Travellers to Paris and Brussels were deterred after major terror attacks in November 2015 and March 2016 and numbers fell by 4% to 10 million. Eurostar, whose main shareholder is the French national rail operator, SNCF, made a profit of 31m euros in 2015. ... [Read full article on BBC ]
Thursday 16th of March 2017 11:04:54 AM
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....A statement from the stockbroker said that its independent directors unanimously consider the offer price to be “fair and reasonable”. The deal requires the backing of a majority of shareholders, representing at least 75% of shares. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:15:51 AM
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....When Theresa May stood on the steps of Downing Street last July, looking down the barrel of the world’s TV cameras to address the nation for the first time as prime minister, she put reform of executive pay at the heart of her plan to shape a Britain that works for all, not a privileged few. As the annual general meeting season approaches, all eyes will be on investors and whether they rise up to this challenge in a “shareholder spring”. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:59:54 PM
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Latest Finance News related to Shareholder

The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
....Hit the owners where it hurts, then? That was the judge’s aim. “One has to get the message across to the shareholders that the environment is to be treasured and protected, and not poisoned,” he said. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
....”. Although shareholders approved his current package, some have expressed concerns about the one-off recruitment award. ...
Bosses' incomes are 386 times higher than Living Wage image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:21:15 PM
.... . Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. ...
Thames Water fined £20m for sewage spill image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:40:05 PM
.... . Also Judge Francis Sheridan said more than once during this case that he wanted to send a message to shareholders that pollution on this scale is not acceptable. ...
Thames Water hit with record £20m fine for huge sewage leaks image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:49:38 AM
....“I have to make the fine sufficiently large that [Thames Water] get the message,” he said. Describing the breaches as “wicked” and noting the companies “continual failure to report incidents” and “history of non-compliance”, he said: “One has to get the message across to the shareholders that the environment is to be treasured and protected, and not poisoned. ...
Investors urge Dulux owner to hold takeover talks image
Source : BBC [Read Article] Wednesday 22nd of March 2017 10:10:12 AM
. Two large shareholders in Akzo Nobel have urged the Dulux paint owner to open talks on a potential takeover. ...
UK-based airlines told to move to Europe after Brexit or lose major routes image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 09:33:08 AM
....The ability of companies such as easyJet to operate on routes across the EU has been a major part of their business models, and there may be a renewed willingness among airlines to invest outside the UK to maintain market share. British Airways does not fly intra-Europe, but its parent company IAG is likely to need to disinvest shareholders in order to be majority EU-owned, and allow its other EU-registered carriers to continue to operate across Europe. ...
Sir Philip Green 'could get £15m refund from £363m BHS payout' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:30:06 AM
....Green owned BHS for 15 years until he sold it to Dominic Chappell, a former bankrupt with no retail experience, for just £1 in March 2015. During his ownership, the Green family and other shareholders collected at least £580m from BHS in dividends, rental payments and interest on loans. ...
YouTube is like the wild west – why won't Google pay to clean it up? image
.... The merged Vodafone/Idea entity will be the market leader with almost 400 million customers. There is scope to cut costs and both principal shareholders expect the new business to be self-funding. ...
Unilever bids to heal shareholder rift amid 'garage sale' warnings image
Source : Guardian [Read Article] Sunday 19th of March 2017 01:46:15 PM
. Unilever is drawing up plans to heal a rift among shareholders triggered by its rejection of a $143bn (£115bn) bid from Kraft Heinz, amid a warning that Britain could become home to “a garage sale” unless there is protection for domestic companies from foreign takeovers. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
.... She also wants pay plans to be simplified. Even before the AGM season gets into full swing, shareholders have forced Imperial Brands, maker of Gauloises and John Player cigarettes, to abandon a pay deal for chief executive Alison Cooper. ...
Executive pay: all eyes on boardroom as AGM season looms  | Chris Cummings image
....When Theresa May stood on the steps of Downing Street last July, looking down the barrel of the world’s TV cameras to address the nation for the first time as prime minister, she put reform of executive pay at the heart of her plan to shape a Britain that works for all, not a privileged few. As the annual general meeting season approaches, all eyes will be on investors and whether they rise up to this challenge in a “shareholder spring”. ...
Unilever is safe, but we need better defences against short-term capitalism image
.... But then they would have explained that their own fiduciary duties obliged them not to look gift horses in the mouth. In no time, Unilever’s shareholder register would have been populated by merger arbitrage funds. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....A statement from the stockbroker said that its independent directors unanimously consider the offer price to be “fair and reasonable”. The deal requires the backing of a majority of shareholders, representing at least 75% of shares. ...
Sainsbury's takes inflation hit on the chin as Aldi and Lidl loom | Nils Pratley image
....“We entered the quarter with deflation and exited the quarter with inflation,” declared Mike Coupe, chief executive of Sainsbury’s, describing shop prices in the most recent trading period. Once upon a time, this would have been taken as excellent news for shareholders, as opposed to customers. ...
Canada Goose shares jump on stock market debut image
Source : BBC [Read Article] Thursday 16th of March 2017 04:50:44 PM
....Animal rights protestors from Peta staged a demonstration outside the New York stock exchange. The group, which objects to its use of coyote fur, plans to buy shares in the company so that it can attend shareholder meetings and influence its policy. ...
Rupert Murdoch's Sky bid to be investigated by UK regulator image
Source : Guardian [Read Article] Thursday 16th of March 2017 11:35:05 AM
....James Murdoch, chief executive of Fox, was reappointed last year as chairman of Sky. In October, he had to rely on the support of Fox, Sky’s largest shareholder, to win approval for his return after more than 50% of independent shareholders voted against his reappointment. ...
Eurostar makes loss after Paris and Brussels attacks image
Source : BBC [Read Article] Thursday 16th of March 2017 11:04:54 AM
....Travellers to Paris and Brussels were deterred after major terror attacks in November 2015 and March 2016 and numbers fell by 4% to 10 million. Eurostar, whose main shareholder is the French national rail operator, SNCF, made a profit of 31m euros in 2015. ...
Anglo American soars as billionaire buys 12% stake image
Source : BBC [Read Article] Thursday 16th of March 2017 09:20:01 AM
...."This is an attractive investment for our family trust . I am delighted to become a shareholder in Anglo American," Mr Agarwal said. ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
....1bn) from Inditex, the Spanish company he started more than four decades ago, which owns Zara and many other brands. Ortega, 80, is still the biggest shareholder in Galicia-based Inditex and will receive the cash as dividend payments after the company revealed record financial results for 2016. ...
Sports Direct calls executive pay report 'fake news' image
Source : BBC [Read Article] Wednesday 15th of March 2017 09:59:54 AM
. Sports Direct has accused a shareholder lobby group of "fake news" over claims regarding its executive pay ratios. ...
UK government should help companies targeted by foreign bids, says Unilever image
.... Kraft Heinz withdrew the offer after it was firmly rejected by Unilever, amid reports the UK government was concerned about the ramifications of a deal. However, Unilever believes UK takeover rules should be changed to provide more support for the company that is targeted by a foreign bid, for example enabling it to have more time to build a defence against the offer and encouraging directors to consider the interests of other stakeholders – such as employees – rather than just shareholders. ...
Charlotte Hogg’s exit raises tough questions for Bank of England | Nils Pratley image
....If Kraft had succeeded in buying Unilever, it would have ripped out costs, made several thousand staff redundant and spent less time fretting in Polman-like style about corporate social responsibility. That may have served the interests of Kraft’s shareholders – and, maybe, the short-termists on Unilever’s register – but both constituencies are narrow. ...
French Connection reports loss for fifth year running image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:20:04 AM
...."The board is a mockery of modern corporate governance. With the resignation of Christos Angelides, there are no independent directors in place and the chairman/CEO, Stephen Marks, is refusing to split his role and is running the business with no regard for shareholders. ...
Employment agency at centre of Sports Direct scandal axed by Amazon image
Source : Guardian [Read Article] Monday 13th of March 2017 07:52:39 PM
....Many large retailing businesses use temporary employment agencies, particularly around busy shopping periods, as it gives the flexibility to take on more staff to meet increased demand. Transline was co-founded in 1989 by Paul Beasley, 50, and Jonathan Taylor, 48, who, along with a third director, the 49-year-old sales boss, Mark Elms, each held 5% of the company the last time it released details of individual shareholders in April 2016. ...
Top executives may be brilliant – but their pay's about timing and luck image
.... You will collect a windfall gain. Long-term shareholders will just hold an asset restored to its former value. ...
Anglo American caps bonus payouts after shareholder revolt image
Source : Guardian [Read Article] Monday 13th of March 2017 05:16:47 PM
....Mining company Anglo American is attempting to head off a fresh row over executive pay by capping the size of bonus payouts in the face of sharp movements in its share price. More than 40% of its shareholders voted against its pay deals last year and the company is issuing its pay schemes this year at a time of renewed scrutiny over directors’ bonuses following Theresa May’s pledge to clamp down on corporate excess. ...
Bovis shares continue to climb on two takeover offers image
Source : BBC [Read Article] Monday 13th of March 2017 10:02:33 AM
....". Bovis said the Redrow proposal was not in the interests of Bovis shareholders: "Redrow subsequently indicated that it was not willing to improve the terms of its proposal and discussions were terminated. ...
Wood Group agrees takeover of rival Amec Foster Wheeler image
Source : BBC [Read Article] Monday 13th of March 2017 08:32:01 AM
....The company has been shedding staff and last year it cut about 18% of its employees. Under the terms of the deal, Amec shareholders will end up with 44% of the larger group. ...
Ivy restaurant spin-off accused of hogging service charge image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:08:46 PM
....The Ivy Collection does not include the original Ivy restaurant, which is controlled by a separate company, Caprice Holdings. Both are controlled by the former BHS shareholder Richard Caring. ...
Rolls-Royce calls its first staff AGM image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:02:59 PM
.... The embattled retailer Sports Direct last week said it would allow a worker representative to attend its board meetings but was accused by the union Unite of conducting little more than a “PR exercise”. Rolls-Royce workers will have to apply for a place to attend the employee AGM, which seems likely to take place in the same venue as its shareholder meeting in Pride Park, home of Derby County football team. ...
Bovis in talks with rival builder Galliford Try after rejecting £1bn offer image
....19bn, and that the combined group would be split 52. 25% to Galliford Try shareholders and 47. ...
Bovis Homes rejects offers from Redrow and Galliford Try image
Source : BBC [Read Article] Sunday 12th of March 2017 12:09:00 PM
....But Kent-based Bovis rejected both of the approaches on the grounds that they did not reflect the "underlying value of the Bovis business". It said: "The board also concluded that the Redrow proposal was not in the interests of Bovis shareholders as the cash element of the offer would require shareholders to crystallise value at the current Bovis valuation. ...
Shell’s sale of dirty tar sands assets cleans up debt and spruces image image
.... The sands are a glutinous, bitumen-addled mix when extracted from the ground and a huge amount of energy is need to turn them into synthetic crude oil. Leading scientists have warned that exploiting tar sands would be “game over” for tackling climate change, and Shell has faced shareholder rebellions in the past over the risks it faced from exploiting the carbon-intensive oil. ...
Why are Britain’s new homes built so badly? image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:27 AM
.... Similar to a no-claims discount, the premium refund scheme recognises builders with a long-term good claims history. It stresses: “NHBC is a private non-profit distributing company with no shareholders and we are independent of government and builders. ...
The Guardian view on the Ofcom deal: too little, too slowly | Editorial image
.... Now it is to become a legally separate company, but this means more or less nothing. BT’s deal with Ofcom over the future of this country’s broadband infrastructure can satisfy no one but the shareholders – who will still own both companies even after they have been legally separated. ...
Ferrari gives up F1 stake in exchange for Liberty Media stock image
Source : Guardian [Read Article] Friday 10th of March 2017 04:46:33 PM
....Liberty’s shares were priced at $21. 26 when it offered them to Delta Topco’s shareholders, giving Ferrari $3. ...
Does BT's Openreach deal mean faster broadband or higher prices? image
Source : Guardian [Read Article] Friday 10th of March 2017 01:21:25 PM
.... One problem is BT’s pension scheme, which suffers from a mammoth deficit, and a forced separation would likely have provoked lengthy legal battles. BT’s share price was the fastest riser in the FTSE 100 after the deal was announced, which may suggest that shareholders will win most from this deal rather than householders. ...
Forget the fuss – bumper paydays go on for UK's best-paid boss Sorrell | Nils Pratley image
.... Still, £113,000 a day would make even George Osborne jealous. Hold on, you might say, didn’t WPP’s shareholders rise up in anger years ago? Didn’t 60% vote against Sorrell’s rewards back in 2012? Wasn’t the company forced to dismantle the Leap incentive scheme?. ...
BT Openreach deal could pave way for cheaper, faster broadband image
Source : Guardian [Read Article] Friday 10th of March 2017 07:32:13 AM
....“BT has agreed to all of the changes needed to address Ofcom’s competition concerns,” said Ofcom. “The new Openreach will have the greatest degree of independence from BT Group without incurring the delays and disruption – to industry, consumers and investment plans – associated with [an alternative] structural separation or the sell-off of Openreach to new shareholders. ...
BT Openreach deal aims to shakeup UK broadband image
Source : BBC [Read Article] Friday 10th of March 2017 07:18:06 AM
....He told BBC Radio 4's Today programme: "The BT board will set the annual budget. As the 100% shareholder, the owner of the company that's not unreasonable. ...
Sir Martin Sorrell's £42m payout takes earnings to £210m in five years image
....Major stock market listed companies are revealing the pay of their top executives at a time of renewed scrutiny of corporate Britain since the vote for Brexit and the warning by Theresa May that she would curb boardroom excess. Some companies have already heeded attempts by shareholders to respond to the political backdrop, notably Imperial Brands, the maker of Gauloises and John Player cigarettes, which scrapped a pay rise for chief executive Alison Cooper in the face of a potential protest at its annual meeting in January. ...
Sports Direct's move to put worker on board branded 'PR exercise' image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:38:42 AM
....Sports Direct’s decision to allow a worker representative to attend its board meetings is not enough to solve the retailer’s deep corporate governance failings, unions and business leaders have warned. The company founded and run by Mike Ashley began the process of appointing a staff representative on Tuesday after caving in to pressure from shareholders and MPs following a series of scandals over the way the company is run and how it treats its staff. ...
Brexit, airlines' worst fear, has become their preoccupation image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:29:50 AM
.... Yet it will be powerless to assure future flights between Britain and the EU can operate as usual without governmental agreement. A further headache once Britain leaves the EU could be ownership rules that limit foreign shareholders to a minority stake: under the Chicago convention underpinning international airline treaties, operators must be majority-owned by the government or nationals of their home territory – currently the whole EU. ...
Budget 2017: Tax-free dividend allowance slashed image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:04:27 PM
....Businesses owners who pay themselves in dividends on top of a small salary will be hit by a change announced in the Budget. From April 2018, the total amount of dividends that company directors and shareholders can receive tax-free will fall from £5,000 to £2,000. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....“The most significant remaining area of difference is in relation to parental benefits, and I can announce today that we will consult in the summer on options to address the disparities in this area as the FSB [Federation of Small Businesses] and others have proposed”. Hammond also announced that he was addressing similar benefits enjoyed by people who are directors and shareholders, by cutting the tax-free allowance on the dividends they take out of their companies from £5,000 to £2,000 from April next year. ...
Budget 2017: What it means for you image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:09:53 PM
...."The chancellor should not forget that growth in self-employment has driven our labour market in recent years and punitive rises in tax will make many people have second thoughts about striking out on their own," said Chris Bryce, chief executive of IPSE. Director shareholders will see a tax break reduced on the dividends they receive. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
....Cut from £5,000 to £2,000 from April 2018. RM: This is another change that may annoy traditional Conservatives, but will please those who have long thought it unfair that shareholders can gain tax advantages by taking earnings through dividends rather than a salary. ...
BT denies squeezing customers after paying £1.2bn for Champions League image
....Before BT Sport entered the market two years ago, Sky and ITV had shared Champions League rights in a deal worth £400m. Before bids being lodged sources had indicated that Sky was not prepared to make a knockout bid to snatch back the rights from BT, which has justified the expense to customers and shareholders as “financially disciplined”. ...
Standard Life and Aberdeen seek to tie in key staff in £11bn merger image
Source : Guardian [Read Article] Monday 6th of March 2017 08:06:34 AM
.... Aberdeen’s chairman, Simon Troughton, is to be deputy chairman while his colleague Bill Rattray and Standard Life’s Rod Paris will become finance director and chief investment officer respectively. The deal involves no cash and shareholders in Aberdeen will receive 0. ...
Aberdeen Asset Management and Standard Life confirm merger terms image
.... The two companies employ about 9,000 people. The companies said the deal was subject to a number of conditions, including shareholder approval. ...
Standard Life  and Aberdeen Asset Management confirm merger talks image
Source : Guardian [Read Article] Sunday 5th of March 2017 05:57:06 PM
.... They hope to create an investment group with the clout to take on US giants such as BlackRock and Vanguard. Standard Life shareholders would own 66. ...
Deutsche Bank shares hit by cash call image
Source : BBC [Read Article] Sunday 5th of March 2017 04:57:28 PM
....Deutsche aims to cut costs from 24. 1bn euros to 22bn euros by 2018, as well as resume paying a "competitive dividend" to shareholders. ...
Topshop owner to double contributions to plug pension deficit image
Source : Guardian [Read Article] Sunday 5th of March 2017 03:28:55 PM
....Green owned BHS for 15 years until he sold it to Dominic Chappell, a former bankrupt, for just £1 in March 2015. During his ownership, the Green family and other shareholders collected at least £580m from BHS in dividends, rental payments and interest on loans. ...
Snap and Sorrell are wrong: powerful bosses can become untouchable insiders image
....Is there anyone who thinks Snap Inc, the firm behind Snapchat, was justified in issuing shares with zero voting rights? To most minds, Snap’s innovation undermined the whole concept of a shareholding carrying rights of ownership. If a shareholder can’t vote on corporate resolutions, like the appointment of directors and auditors and the payment of dividends, they’ve just bought a ticket to a show. ...
The Observer view on the Snap flotation | Observer editorial image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
.... It is the mark of an economic ecosystem that is incentivising more and more energy to go into designing platforms such as Facebook that cannibalise the creative industries, by consuming ever-increasing proportions of digital advertising revenue. It is crazy to think the solution is to ditch accountability to shareholders altogether. ...
Standard Life and Aberdeen in talks image
Source : BBC [Read Article] Saturday 4th of March 2017 05:42:59 PM
....The move would create one of the UK's largest fund managers, overseeing assets worth £660bn. The companies said the deal was subject to a number of conditions, including shareholder approvals. ...
UK culture secretary 'minded to' refer Sky takeover to Ofcom image
Source : Guardian [Read Article] Friday 3rd of March 2017 12:17:29 PM
.... However, the regulator has had a chance to air any concerns about James Murdoch and Sky since it was announced he was returning as chairman in January. In October, he had to rely on the support of Fox, Sky’s largest shareholder, to win approval for his return after more than 50% of independent shareholders voted against his reappointment. ...
Sorrell: companies that offend good governance tend to perform better image
. WPP’s Sir Martin Sorrell has said that companies with dominant shareholders or owners such as Rupert Murdoch’s Fox, Facebook and Snap that “offend” good corporate governance practices take more risks and tend to perform better financially. ...
London Stock Exchange 'working hard' on Deutsche Boerse merger image
.... . "The group has worked hard on our proposed merger with Deutsche Boerse, which received formal approval from both sets of shareholders," the firm said. ...
The smaller the better? image
Source : BBC [Read Article] Friday 3rd of March 2017 12:08:53 AM
....By 2012 it had lost its position as the world's leading supplier of PCs to Lenovo. The dramatic split was aimed at helping the firm adapt to the new era of mobile and online computing, responding to shareholder demands for more aggressive growth. ...
Cheers! Pub saved by its customers rated best in the UK image
Source : Guardian [Read Article] Friday 3rd of March 2017 12:01:31 AM
.... Within two years, the community banded together to form the Hudswell Community Pub group and raised £220,000 to buy the asset back. Following extensive renovations the pub was opened again, in June 2010, by William Hague, the former local MP, Tory Cabinet minister and now life peer, who is also one of the 205 shareholders. ...
Snap IPO: a 21st-century firm with a 19th-century structure image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:36:11 PM
.... Whatever that means, it should not involve a governance structure that belongs in the 19th century and would surely be cold-shouldered if attempted in the UK. Yes, US investment bankers will sell most things if the fee is large enough, but the willingness to trample on shareholders’ rights to this degree is breathtaking. ...
The Guardian view of Snap IPO: a shareholding monarchy | Editorial image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:35:19 PM
.... Snap is the worst example of this trend. Silicon Valley is now dominated by companies with weak or passive public shareholders. ...
Brexit without trade deal would open Pandora's box, says CBI chief image
Source : Guardian [Read Article] Thursday 2nd of March 2017 06:25:49 PM
....He added that firms will be watching the talks closely, and had to make long-term plans about investment. “Boards have a duty to their shareholders, and it’s not an option just to sit on their hands,” he said. ...
'Timid' financial regulator needs more powers, Lord Myners says image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:03:29 AM
.... to strengthen governance," he said. He added that shareholders also had to take responsibility and act if a company's standards were failing. ...
Cobham in cash call to tackle debt image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:26:13 AM
. The aerospace company that pioneered in-flight refuelling has asked shareholders for a £500m injection to repair its finances - the second such cash call in just eight months. ...
'Cheesegrater' building sold to Chinese investors for £1.15bn image
Source : BBC [Read Article] Wednesday 1st of March 2017 01:24:33 PM
....". The Cheesegrater deal is still subject to approval by CC Land shareholders but Mr Cheung Chung-Kiu holds approximately 50. ...
London's 'Cheesegrater' sold to Chinese tycoon for more than £1bn image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:51:54 PM
....”. Contracts have been exchanged but the deal still has to be approved by shareholders of CC Land. ...
Rupert Murdoch’s 21st Century Fox to formally notify EU of Sky bid image
Source : Guardian [Read Article] Tuesday 28th of February 2017 03:50:03 PM
.... However, the regulator has had a chance to air any concerns about James Murdoch and Sky since it was announced he was returning as chairman in January. In October, he had to rely on the support of Fox, Sky’s largest shareholder, to win approval for his return after more than 50% of independent shareholders voted against his reappointment. ...
Philip Green agrees to pay £363m into BHS pension fund image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:42:06 PM
....The billionaire tycoon owned BHS for 15 years until he sold it to Dominic Chappell, a former bankrupt, for just £1 in March 2015. During his ownership, the Green family and other shareholders collected at least £580m from BHS in dividends, rental payments and interest on loans. ...
Samsung's acting head indicted on bribery charges as scandal grows image
Source : Guardian [Read Article] Tuesday 28th of February 2017 10:22:14 AM
....In return, Lee allegedly sought government approval for the contentious $8bn merger of two Samsung affiliates in 2015 – a move that would smooth his path to the top of the entire Samsung group. The merger was opposed by many shareholders, but went through after the national pension fund – a major Samsung shareholder – approved it. ...
‘Shell knew’: oil giant's 1991 film warned of climate change danger image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:45:19 AM
.... Shell told the public the truth about climate change in 1991 and they clearly never got round to telling their own board of directors,” said Tom Burke at the green thinktank E3G, who was a member of Shell’s external review committee from 2012-14 and has also advised BP and the mining giant Rio Tinto. “Shell’s behaviour now is risky for the climate but it is also risky for their shareholders. ...
Theresa May must block London Stock Exchange bids until after Brexit | Nils Pratley image
....Or, rather, auditors tend to get a disgracefully easy ride when calamity strikes at large quoted companies. It is true that PwC lost its audit gig at Tesco (and would be wise to brace for a similar response at BT) but shareholders, unlike Hollywood producers and Oscar viewers, are rarely deemed worthy of a grovelling apology. ...

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