ADDICTS, INCEST AND ORGIES: HOW THE STOCK EXCHANGE DOES DRAMA May 26, 2009 EXTRA-curricular activities (of the character-building, not reputation-trashing, sort) have become rather popular in the City since improving one’s CV became more of a necessity than an idle pastime. And in that spirit, keen Square Mile theatregoers will be happy to learn that SEDOS – the Stock Exchange Dramatic and Operatic Society – have been hard [...]
ABI chairman extends tenure May 21, 2009 THE Association of British Insurers (ABI), whose members hold investments equivalent to 20 per cent of the London stock market, has extended the tenture of chairman Archie Kane until 2010. The ABI said the move would enable Kane to continue leading the association in shaping its response to the financial crisis and help UK financial [...]
Haddrill seizes FRC opportunity May 20, 2009 Former civil servant Stephen Haddrill is leaving trade body the Association of British Insurers (ABI) to succeed Paul Boyle as chief executive of the Financial Reporting Council (FRC), the regulator for accounting and corporate governance. The ABI said it has begun the search for a new director-general.
Amec board’s pay too much May 14, 2009 THE furore over City pay hit another company last night, as over half of investors at engineering group Amec refused to back the company’s remuneration report. Around 40 per cent of its shareholders opposed the report on directors salaries and bonus plans, while 13 per cent abstained. Amec wanted to give its chief executive Samir Brikho [...]
BARACK OBAMA TO OVERHAUL BANK PAY May 13, 2009 US PRESIDENT Barack Obama yesterday opened talks with regulators and advisers over a revolutionary overhaul of the pay regimes at financial services companies. In a move that signals a new era for Wall Street, Obama is expected to implement measures to force firms to align pay with long-term performance, even if those firms have not [...]
ABI: Darling must end ‘ill considered’ taxes July 24, 2008 Chancellor Alistair Darling must put an end to “ill-considered” tax measures and create greater tax certainty to enable British businesses to compete internationally and encourage investment from overseas, according to the Association of British Insurers (ABI). A report published today puts forward a series of proposals that it thinks will help see Britain through the [...]
Rose’s future on the line as sales decline July 3, 2008 Marks & Spencer boss Sir Stuart Rose faces the battle of his life next week as he explains to shareholders, already angry about his cavalier approach to corporate governance, the reasons for its rapid sales decline. M&S shares crashed more than 24 per cent as stunned City analysts slashed their forecasts after the retailer said [...]
Co-op will vote against BSkyB at AGM November 2, 2005 Pay TV broadcaster BSkyB suffered a fresh blow to its share buyback plans after shareholder Co-operative Insurance Society (CIS) announced it would vote against the proposal at what is expected to be a stormy AGM this Friday. The insurer, which joins a growing list of institutional investors who have threatened to scupper the plan, said [...]
Stressbusters November 1, 2005 Stress is the invisible killer and we need to find ways to manage it or suffer the consequences. The Government is so concerned about the endemic that it has designated tomorrow National Stress Awareness Day. Britain workforce is suffering from a stress endemic that is so serious in some sectors that the Government’s Health and [...]
L&G blocks Sky’s plan for buyback October 31, 2005 BSkyB is set for a stormy Annual General Meeting (AGM) on Friday after major shareholder Legal & General (L&G) came out publicly over the weekend against the company’s share buyback plan. There is a history of acrimony between BSkyB and L&G — the fund manager voted against a buyback plan last year. Shareholder News Corp, [...]