The Co-op could offload its insurance arm in a £300m deal November 5, 2018 The Co-op Group is reportedly in talks to sell its insurance business to underwriter Markerstudy Group in what would be a £300m deal. According to Sky News the talks between the two companies are at an advanced stage, though no decision has been taken be either side on whether to proceed with the deal. Sky [...]
Aviva chief executive Mark Wilson steps down after almost six years in charge October 9, 2018 Aviva chief executive Mark Wilson stepped down today, with the insurer looking for new leadership for what it called its next stage of development. Wilson, who was brought in to enact a business turnaround in 2013, claimed he succeeded in this goal, with its latest financial results showing it should deliver earnings per share growth [...]
Unilever to stay on FTSE 100: How investors reacted October 5, 2018 Unilever’s awkward climbdown over its attempt to move its main listing to the Netherlands is unlikely to be the last, according to one financial expert, as investors reacted to the company’s decision to retain its London headquarters today. Unilever this morning pulled plans to make the Netherlands its sole headquarters and quit its UK offices, after [...]
Royal London joins group of investors preparing to vote against Unilever Netherlands move October 3, 2018 Royal London Asset Management is the latest Unilever shareholder to speak out against the company's plan to scrap its London listing and headquarters. Unilever has proposed to simplify its current dual-headed structure into a single holding Dutch company, with a secondary listing on the London Stock Exchange, however a growing list of investors have announced [...]
Another top Unilever shareholder says it will vote against Dutch move October 1, 2018 Another top shareholder of consumer giant Unilever has said it will vote down the company's plans to relocate its headquarters to the Netherlands. Asset management firm Schroders joined a growing list of investors who have vowed to reject Unilever's plan. In September, Aviva said the same thing, while top 10 shareholder Legal & General Investment [...]
Unilever hits back over City fury at Dutch move September 25, 2018 Unilever has stepped up its charm offensive on City investors as it tries to combat a brewing shareholder revolt over plans to ditch its London headquarters. The consumer goods giant has organised meetings with the most vocal opponents of the plans in an attempt to assuage their fears, although its attempts to change minds have [...]
M&G Investments adds to pressure on Unilever to back down on abandoning London PLC September 18, 2018 M&G Investments today became the latest major investor to threaten to vote against Unilever's decision to abandon its London PLC in favour of a new Dutch holding company. The maker of Marmite and Dove soap is under severe pressure from City investors, who fear they could be forced to sell the shares in funds limited [...]
M&G Investments adds to pressure on Unilever to back down on abandoning London PLC September 18, 2018 M&G Investments today became the latest major investor to threaten to vote against Unilever's decision to abandon its London PLC in favour of a new Dutch holding company. The maker of Marmite and Dove soap is under severe pressure from City investors, who fear they could be forced to sell the shares in funds limited [...]
Honda Europe presses for frictionless trading post-Brexit but vows to keep Swindon plant September 18, 2018 Honda Europe today said a no-deal Brexit would hurt its competitiveness at its plant in Swindon, but that it has no plans to relocate from the UK. Speaking to Radio 5 Live, senior vice president of Honda Europe, Ian Howells, said: "Really it hasn't come up that we would actually have to look at putting Swindon [...]
Honda Europe presses for frictionless trading post-Brexit but vows to keep Swindon plant September 18, 2018 Honda Europe today said a no-deal Brexit would hurt its competitiveness at its plant in Swindon, but that it has no plans to relocate from the UK. Speaking to Radio 5 Live, senior vice president of Honda Europe, Ian Howells, said: "Really it hasn't come up that we would actually have to look at putting Swindon [...]