O’Shea eyes home semi after Harlequins seal play-off place April 15, 2012 HARLEQUINS might be the first side to have secured an Aviva Premiership semi-final spot but director of rugby Conor O’Shea insists the job is only half done. O’Shea’s troops crept closer to the 26 May final at Twickenham on Saturday, when they comfortably saw off struggling Wasps 33-17 at The Stoop to clinch only their [...]
SHAREHOLDERS STEP UP THE PRESSURE April 30, 2012 Today – Man Group Man Group chief executive Peter Clarke will face pressure from investors at the hedge fund’s AGM to improve performance or step down. The firm’s share price has fallen by almost 60 per cent since September last year. Yesterday – Aviva Chief executive Andrew Moss waived a £46,000 pay rise after criticism [...]
Trinity Mirror shareholders still unimpressed as meeting looms April 29, 2012 SLY Bailey faces an investor rebellion over changes to her pay packet at Trinity Mirror’s annual general meeting next week. Following shareholder unrest, the publisher of the Daily Mirror proposed a £500,000 cut to Bailey’s short-term cash and stock bonuses. But the Trinity Mirror chief executive will be eligible to receive 144 per cent of [...]
Tuilagi cleared to join tour of South Africa May 29, 2012 ENGLAND have received a major boost after learning centre Manu Tuilagi has been cleared to tour South Africa following the dismissal of his citing by a Rugby Football Union disciplinary panel. Tuilagi’s eligibility to tour was in question after being cited for a ‘tip tackle’ on Harlequins’ scrum-half Danny Care early in Saturday’s Premiership final, [...]
Bargain hunters help lift FTSE May 25, 2012 The FTSE 100 nosed up this morning as bargain hunters snapped up stocks which have been hit in recent sessions. On Monday the blue chip index was at a six-month low but has clawed back ground since then. Gains in Asia and on Wall Street overnight also served to lift sentiment. Insurer Aviva was the [...]
Sainsbury and M&S chiefs see bonus slashed June 7, 2012 SAINSBURY chief executive Justin King and Marks & Spencer boss Marc Bolland have both seen their bonuses cut after failing to meet targets, as the recession forced them to slash growth plans. The cuts come amid a recent wave of shareholder upheaval against excessive executive pay which has swept across boardrooms including Aviva and Inmarsat. [...]
Bonuses slashed at Sainsbury’s and M&S June 7, 2012 The chief executives of major retailers J Sainsbury and Marks & Spencer have both taken cuts in their bonuses after failing to meet targets and as recession forces them to scale back growth plans. Philip Clarke, head of rival Tesco, last month forewent his annual bonus, paying the price for a weak performance in the [...]
Investors call for improved stewardship March 18, 2012 A GROUP of major asset managers including Aviva and BlackRock are calling today for reforms to improve the stewardship of UK companies. The group’s report argues for the development of a framework for equity investors to identify the level of stewardship they plan to undertake, helping asset owners to make better decisions. It also calls [...]
Investors call for improved stewardship March 18, 2012 A GROUP of major asset managers including Aviva and BlackRock are calling today for reforms to improve the stewardship of UK companies. The group’s report argues for the development of a framework for equity investors to identify the level of stewardship they plan to undertake, helping asset owners to make better decisions. It also calls [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 11, 2012 FINANCIAL TIMES Aviva considers plans for sale of US division Aviva is considering plans to sell its life assurance business in the US in a move analysts estimate could raise at least £1bn and mark an exit from one of the UK-listed group’s core markets. Andrew Moss, chief executive, told investment managers at a recent [...]