Wasps make Kurtley Beale the highest paid player in Premiership Rugby May 13, 2016 Australia's Kurtley Beale will become the highest paid rugby player in England after putting pen to paper on a two-year contract with Wasps. Wallabies star Beale will be paid £750,000 per season, making him the best-paid player in the Aviva Premiership and the third best player in the world behind international teammate Matt Giteau and former All [...]
City Moves for 12 May 2016 | Who’s switching jobs May 12, 2016 EDM Group Provider of information and business process management technology and services to the UK insurance industry EDM Group has appointed Chris Hall as managing director, Insurance Services for EDM UK. Chris has over 30 years’ IT experience in senior leadership roles. Previous experience includes seven years spearheading Dell’s online presence in Europe; seven years [...]
Man Group becomes latest firm to face shareholder ire over executive pay May 6, 2016 Man Group has become the latest firm to stoke shareholder ire over executive pay, after a significant number of shareholders voted against its remuneration report. The investment manager's executive pay package was rejected by nearly 40 per cent of its shareholders, but it still passed as around 60 per cent were in favour. Read more: RBS [...]
RBS shareholders approve executive pay at annual meeting, joining Aviva and BAE Systems in waving through exec pay packages May 4, 2016 Embattled Royal Bank of Scotland has been fighting to defend its management practises and executive pay this afternoon at its annual shareholder meeting (AGM) in Edinburgh. The banks shareholders eventually voted overwhelmingly in favour of the bank's executive pay, with over 99 per cent approving the report. RBS boss Ross McEwan faced a barrage of [...]
At the close: FTSE 100 goes away in May as miners prove the movers May 3, 2016 Traders are superstitious folk, and today – the first day of trading in the month of May – they headed for the hills as the FTSE 100 tumbled to a three-week low. The bluechip index closed down 0.9 per cent on the day at 6,185 in a bad day all round for Europe. The German Dax [...]
A Spring is in the air this May – Shareholder revolt set to build with Aviva and Reckitt Benckiser meetings May 3, 2016 Company bosses are braced for further uprisings this week. Consumer goods group Reckitt Benckiser, insurance giant Aviva, and FTSE 250 hedge fund Man Group all host shareholders for their annual general meetings. Last week the shareholder spring picked up pace as investors voted against boardroom pay rewards for engineering firm Weir Group and Shire, the FTSE [...]
Shareholder voices heard loud & clear April 28, 2016 The shareholder spring picked up pace yesterday, when investors voted against boardroom pay rewards for engineering firm Weir Group and Shire, the FTSE 100 pharmaceutical group. The revolts came on the back of major uprisings at oil giant BP, miner Anglo American, energy firm Centrica and financial behemoth Citigroup. “This year has seen a ‘spring [...]
Live: The spring of shareholder discontent – Weir Group sees renumeration policy struck out, with only 27.6 voting in favour April 28, 2016 It's springtime, but executives may have felt a chill in the air as they headed off to their companies' AGMs this morning. Hermes Investment Management has said that it opposes the appointment of former chief executive Michael Dobson to the role of chairman at Schroders, remarking that such a move would undermine corporate governance. Although the measure [...]
Not so much revolution as boardroom evolution April 28, 2016 We may not be in the throes of a full-on shareholder spring – as happened back in 2012 – but investors are definitely flexing their muscles. They railed against generous executive pay packages at BP and Anglo American (with 59 per cent and 42 per cent rejecting the remuneration deals, respectively), while smaller double-digit rebellions have [...]
City Moves for 21 April 2016 | Who’s switching jobs April 21, 2016 Lincoln International Lincoln International, the global mid-market investment bank, has announced that Tomas Freyman has joined the firm’s London office as a managing director specialising in valuations. Tomas will be part of the firm’s global valuations and opinions group and will work closely with Ron Kahn, who co-heads that group and is based in Chicago. [...]