Tag: shareholder

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Adidas sells Reebok to US conglomerate after shareholder pressure

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Adidas is selling Reebok to the US brand management company Authentic Brands Group for up to €2.1bn (£1.8bn), as the German sportswear firm concentrates on its core marque after pressure from investors. Reebok was bou...

Morrisons’ biggest shareholder ‘inclined’ not to back takeover bid

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A planned £6.3bn takeover of Morrisons could be at risk after the supermarket’s largest shareholder said they were likely to turn it down. Silchester Asset Management, which owns a 15% stake in the UK’s fourth largest...

First Group CEO quits after shareholder pressure; markets await CBI retail sales – live

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European shares open lower ahead of US consumer confidence survey

FirstGroup’s biggest shareholder calls for resignation of CEO

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FirstGroup’s biggest shareholder has demanded the resignation of the transport firm’s chief executive and two board members, after failing to prevent the sell-off of its American businesses. Coast Capital, the New Yor...

BoE lifts Covid restrictions on banks’ shareholder payouts

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The Bank of England has lifted all Covid restrictions on dividends at the UK’s largest lenders, paving the way for a boom in payouts even as the pandemic continues. Officials said banks were strong enough to weather t...

Elon Musk defends SolarCity deal against shareholder lawsuit

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Elon Musk took the stand on Monday to defend Tesla’s 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6bn the company paid for the ailing solar panel maker. Musk denied the dea...

ExxonMobil and Chevron suffer shareholder rebellions over climate

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US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their failure to set a strategy for a low-carbon future. Exxon failed to de...

Influential investor joins shareholder rebellion over Shell’s climate plan

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Britain’s biggest fund manager has piled pressure on Shell after joining a shareholder rebellion over the oil company’s carbon-cutting plans, saying that they lack credibility and the ambition required to combat globa...

Indivior faces shareholder revolt over ex-chief’s bonus

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Indivior faces the threat of a shareholder revolt over the drugmaker’s decision to maintain bonus payments for its British former chief executive, who was jailed last year in a case related to the US opioid crisis. S...

UK shareholder payouts show firms beginning to recover from Covid crisis

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Half of UK companies increased, restarted or held their shareholder payouts steady between January and March, compared with just a third in the final three months of 2020, signalling the beginnings of corporate recove...