CITY MOVES WHO’S SWITCHING JOBS May 8, 2012 Barclays Sharon Quinlan has been appointed head of structured property, London within Barclays’s debt finance team. She joins from Bank of Ireland, where she was head of business banking and responsible for running its UK commercial banking franchise. She takes over from Richard Payne, who will stay on as a consultant. PMB Holdings Ed Jones [...]
Tesco’s Philip Clarke waives annual bonus May 22, 2012 PHILIP CLARKE, Tesco’s chief executive, said he would forgo his £372,000 annual bonus after the retailer’s weak UK performance last year prompted its first profit warning in 20 years. “I decided at the beginning of the year that I would decline my annual bonus for 2012,” Clarke said in a statement yesterday. “I wasn’t satisfied [...]
Tesco’s Philip Clarke waives annual bonus May 22, 2012 PHILIP CLARKE, Tesco’s chief executive, said he would forgo his £372,000 annual bonus after the retailer’s weak UK performance last year prompted its first profit warning in 20 years. “I decided at the beginning of the year that I would decline my annual bonus for 2012,” Clarke said in a statement yesterday. “I wasn’t satisfied [...]
The City gains seven sculptures June 18, 2012 A NUMBER of City of London-based businesses, including Hiscox, Aviva, British Land, IVG UK and Aon, have clubbed together with the City of London Corporation to create Great St Helen’s: Sculpture Space in the heart of the City. Set among London’s iconic architectural landmarks, including the Gherkin and the Lloyd’s building, a free curated exhibition [...]
SHARE PRICE FALLS THAT GOT INVESTORS WORRIED May 3, 2012 TRINITY MIRROR Shares have plunged more than 90 per cent in the 10 years since Sly Bailey took charge of the company. The group owns the Daily Mirror plus more than 100 regional newspapers – but has a market cap of just £82m. AVIVA Investors are angry because the insurer’s shares have fallen 58 per [...]
Aviva: Charter bid shows UK M&A skewed October 2, 2011 THE “disappointing” outcome of the takeover battle for Charter International shows that UK M&A deals are still too skewed in favour of short term investors, the £269bn fund manager Aviva Investors has said. Aviva’s UK equities fund manager Graham Elliott-Shircore said Charter’s shareholder base changed as short-term investors bought in during the bid period, leaving [...]
Aviva: Charter bid shows UK M&A skewed October 2, 2011 THE “disappointing” outcome of the takeover battle for Charter International shows that UK M&A deals are still too skewed in favour of short term investors, the £269bn fund manager Aviva Investors has said. Aviva’s UK equities fund manager Graham Elliott-Shircore said Charter’s shareholder base changed as short-term investors bought in during the bid period, leaving [...]
Tesco chief turns down £372,000 bonus May 22, 2012 Tesco boss Philip Clarke has opted not to take an annual bonus of about £372,000 following a poor performance by the world’s third-biggest retailer in its main British market. Shares in Tesco, which issued a shock profit warning in January, have lost almost a quarter of their value this year and the company is now [...]
Shell could be next victim of anti-pay vote May 20, 2012 ROYAL Dutch Shell, which holds its general meeting tomorrow, could be the next victim of the investor revolution that is sweeping through City boardrooms. Pensions and Investment Research Consultants (Pirc) has urged shareholders to vote against the oil giant’s remuneration report, which more than doubled Shell chief executive Peter Voser’s total pay to £9.4m in [...]
Shell could be next victim of anti-pay vote May 20, 2012 ROYAL Dutch Shell, which holds its general meeting tomorrow, could be the next victim of the investor revolution that is sweeping through City boardrooms. Pensions and Investment Research Consultants (Pirc) has urged shareholders to vote against the oil giant’s remuneration report, which more than doubled Shell chief executive Peter Voser’s total pay to £9.4m in [...]