Bottom Line: How Standard Life is speaking up for the minority February 17, 2014 STANDARD Life’s head of equities David Cumming was out of the country yesterday, but before he left he did something UK institutional shareholders rarely do: he publicly castigated the majority owners of the London-listed group Essar Energy for a takeover attempt he described as an example of “cynical opportunism”. Cumming’s public intervention, coming as it [...]
Standard Life’s Essar outburst shows shareholder activism has come to the UK February 17, 2014 Standard Life's head of equities David Cumming is out of the country today but before he left these shores he did something UK institutional shareholders rarely do: He publicly castigated the majority owners of the London-listed group Essar Energy for a takeover attempt he described as an example of "cynical opportunism". His public intervention, [...]
Standard Life misses targets as staff leave October 30, 2013 INSURANCE giant Standard Life yesterday announced lower-than-expected new business sales, which analysts pinned on the departure of key staff members over the summer. Star fund manager Euan Munro jumped ship to be chief executive at Aviva Investors this summer, causing some leading investors to withdraw their money from the GARS fund that he controlled. As a [...]