Barclays is preparing for a potential showdown with notorious New York-based corporate raider Ed Bramson at its annual general meeting in London on Tuesday...
Unilever faces a stand-off with shareholders over executive pay next month, after two influential shareholder advisory firms urged investors to reject the consumer goods giant's proposals. Unilever is attempting to swap its 'base salary' for a consolidated 'fixed pay' structure, which would mean it could hand larger pay rises and bonuses to its executives...
"Think Smart” yell the billboards across Sydney, Melbourne, Brisbane and Perth. “Tell BHP it’s time for CHANGE.” The slogan is a play on BHP Billiton’s recently unveiled strapline “Think Big”, and the advertising campaign is the latest salvo from activist investor Elliott Advisors, which wants the world’s biggest mining company to shake up its strategy. Elliott, the New York-based hedge fund founded by Paul Singer, has a history of aggressive campaigns...
Some companies are simply “paying lip service” to their shareholders' complaints about boardroom bonuses and governance rules, according to one corporate watchdog. Despite several years of bruising rebellions from investors unhappy at directors, pay packets and business decisions, a few of Britain’s biggest listed firms continue to give vague or non-existent explanations for falling short of the rules.
An activist investor has declared war on Walt Disney, vowing to claw back almost €1bn in “egregious fees” levelled against its struggling French offshoot. French asset manager CIAM has accused the Mickey Mouse creator of crippling the spin-off Disneyland Paris theme park with grossly inflated costs in an effort to increase its 77pc stake on the cheap...
Mrs May said at the CBI Conference that the forthcoming Green Paper will be a “genuine consultation” with businesses on “what works” for employee representation Christopher Williams , Chief Business Correspondent 01pm T he Prime Minister has ruled out forcing companies to appoint workers to boards or create continental-style dual boards, despite her earlier complaint that too many directors are drawn from the same narrow social and professional circles. Speaking at the Confederation of British Industry (CBI) Annual Conference, Theresa May said that the Government would publish a Green Paper within ...
Ryanair investors rebel against pay Pirc has warned that Ryanair may be overpaying its boss, Michael O'Leary Ben Martin 14 September 2016 • 1:53pm I nvestors have once again rebelled against pay at Ryanair after an influential shareholder advisory group warned that the low-cost airline may be overpaying its outspoken boss, Michael O’Leary. Almost 15pc of votes cast at Ryanair’s annual general meeting in Dublin today went against the carrier’s remuneration report...
The bust-up over corporate governance at tool rental firm Speedy Hire is set to take another twist with influential shareholder advisory group ISS weighing in.
Activist investor Toscafund wants to remove Speedy Hire executive chairman Jan Astrand and replace him with David Shearer, the former chairman of Mouchel.
The proposals will be voted on at a general meeting on September 9, with Speedy Hire fighting the moves put forward by Toscafund. The activist investor is the largest shareholder in Speedy Hire, with almost a fifth of shares....
All the same, there is good reason to worry. As Carl Icahn, the US activist investor, has repeatedly pointed out, the parallels with 2007 are uncanny. Just as with mortgage-backed securities, there is virtually no liquidity left in corporate distressed ...
Morrisons has hired the boss of pub group Greene King as it takes its final step in repairing its board following a tumultuous year at the supermarket. The grocer will be calling on Rooney Anand’s experience of turning around businesses when he joins in ...
A split has emerged among shareholders in Rolls-Royce after investors expressed unease over the attempts of activist investor ValueAct to secure a board seat. A major investor in the aircraft engine-maker told The Sunday Telegraph that while it would ...
One trader suggested that investors might also be concerned that the retailer’s boardroom battle at retailer Findel will add to worries about Sports Direct’s reputation for weak corporate governance. On Wednesday a third institutional investor came out ...
Lesley Knox says she will vote against the attempt by US hedge fund Elliott Advisors to have three new non-executive directors voted on to the board of the FTSE 250 investment trust
Morgan Stanley has applied a 20pc discount to Sports Direct to reflect corporate governance concerns...
Sir Philip Hampton has his work cut out in his new chairman role at Britain's biggest drug company...
Petroceltic shareholders support chief executive after attempt by activist investor to oust him from the board...
Corporate raider Edward Bramson raises funds to continue buying shares in the private equity firm after being defeated at an earlier shareholder meeting...
Crystal Amber, a shareholder in the Irish airline, says IAG may have to offer as much as €3 a share...
Edward Bramson, the activist that failed to stage a boardroom coup at Electra Private Equity, bought a further 400,000 shares...
Howard Millar may not be the next Michael O'Leary, but he has completed 23 years in a job that he thought would last six months...
The business - which designs and makes ventilation systems for commercial buildings, houses and industry - is expected to fetch between £150m and £200m...
Royal London joins the revolt over Helge Lund's remuneration ahead of next month's vote...
An American hedge fund has stepped up attempts to persuade hotelier InterContinental Hotels, which runs the Crowne Plaza, and Holiday Inn brands, to consider a blockbuster merger with a big rival...
Electra is about to discover whether activist investor Edward Bramson has been successful in staging a boardroom coup...