London Stock Exchange owner faces potential shareholder revolt over plans to double chief’s pay April 7, 2024 The owner of the London Stock Exchange is facing potential shareholder dissent after a key proxy advisor opposed plans to double its chief's pay amid a debate over how the Square Mile can compete with US-style remuneration deals.
Dealmakers limber up in London as ‘FOMO’ takes hold April 6, 2024 Dealmakers are limbering up for an offensive in London after a wave of new firms fell into the sights of buyers in the opening months of the year and “FOMO” grips the market, top City advisors have said.
FTSE 100 gives up gains as jitters ripple across the Atlantic April 5, 2024 The FTSE 100 has slumped this morning and given up much of its gains through the week after jitters rippled across the Atlantic from the US overnight.
DS Smith suitor pledges London Stock Exchange listing and headquarters in the City April 4, 2024 The US paper firm vying to snap up box-maker DS Smith has said it will look for a secondary listing in London and retain a base in the City if it is successful in buying the firm.
Abrdn shareholders should oppose finance chief’s £675k salary says proxy advisor as boss handed £800k bonus April 4, 2024 An influential proxy advisor has urged Abrdn shareholders to vote against the asset manager’s pay report due to its new chief financial officer’s £675,000 salary, despite his pay matching the job he was poached from.
Baillie Gifford’s Schiehallion offsets concerns about private company values with NAV growth April 4, 2024 Schiehallion, the Baillie Gifford fund, has reported that its discount widened last year amid negative market sentiment towards its investments and challenging macroeconomic conditions.
UK investors pour record amounts into US equity funds as they continue to flee the London Stock Exchange April 4, 2024 UK investors have pumped record amounts of cash into US equity funds this year while pulling cash from the domestic market, in another troubling sign for the health of the London Stock Exchange, new data has revealed.
Bidstack stays silent as investor anger grows over pre-pack administration deal April 4, 2024 The bosses of in-game advertising firm Bidstack have remained silent since buying the Aim-listed firm out of administration last month, fuelling anger among retail investors.
One regulatory tweak in the US is about shake up global trading April 4, 2024 A US shift to shorter trading settlement cycles might sound technical – but it’s about to shake-up global markets. Some say the consequences in the UK and beyond could be profound. As a group of self-described trading “anoraks” chatted on a videocast late last week, the sense of annoyance from some was palpable. “The arrogance [...]
Venture Capital Trusts prepare for funding surge as tax year closes April 3, 2024 As the tax year draws to a close, Venture Capital Trusts are readying for the late surge of investment into their pockets.