HSBC under fire from all sides at AGM

Bank sees 11% of shareholders vote down the pay report as it is attacked by environmental campaigners, shareholders, former staff – and Bill Oddie Angry shareholders of HSBC on Friday bombarded the group’s board with barrage of accusations ranging from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products. At the […]


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RBS warns of further job cuts and branch closures

Chairman of bailed-out bank faces hard questions over pay deals as he tells AGM of further changes ahead of privatisation Job losses and branch closures are looming at the Royal Bank of Scotland, the chairman of the bailed-out bank has warned as shareholders accused the bank of having “cosy” and “unsustainable” pay deals. Sir Philip […]


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Angry NatWest and RBS customers vow to vote with their feet

Guardian poll shows three out of four are ready to move their bank accounts as anger over NatWest shambles mounts Angry customers are switching bank accounts in their droves, following the IT problems at the RBS group and the scandal surrounding Barclays’ interest rate manipulation. The Co-operative Bank, one of the few unsullied by the […]


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G4S faces down investors and protesters at annual meeting

• Activists attack security firm’s conduct outside AGM venue• Shareholders remonstrate over abortive bid for rival ISS The boss of G4S, the world’s largest security company, has admitted that last year’s abortive £5.2bn takeover of Danish rival ISS has forced the company to change its acquisition strategy, making big deals a thing of the past. […]


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The lowdown on Co-operatives UK’s first stand-alone AGM

Co-operatives UK’s AGM looked at some of the major talking points in the co-op world, including the newly formed My CSP Co-operatives UK tried something new last Friday. This year it ran its annual general meeting for its member co-operatives as a stand-alone event, rather than, as in previous years, squeezing the democratic formalities into […]


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Glencore proves investors can’t undermine the board if they’re not allowed to dig too deep

The London-listed commodities giant got through its inaugural AGM unscathed – perhaps because it took place in a small theatre in Switzerland with questions submitted in advance Glencore could not have chosen a more closeted venue for its stage-managed AGM on Wednesday – its first shareholders’ meeting since its flotation on the London and Hong […]


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This is no shareholder spring, it’s just a different class of self-interest | Marina Hyde

Those protesting about high pay are not making any moral point – they merely miss the huge dividends they used to receive I realise that history repeats itself as farce, and increasingly does so within approximately three news cycles, but could the phrase “shareholder spring” please be beaten, tortured, and buried in an unmarked grave […]


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British Gas owner Centrica warns of higher gas costs

Another round of household energy bill price hikes looms after Centrica warns cost of supplying gas has risen by £50 a year Millions of households face higher energy bills this winter after the owner of British Gas predicted that the cost of supplying homes will rise by £50. Ahead of what is expected to be […]


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Trinity Mirror boss Sly Bailey narrowly survives shareholder revolt over pay

Large number who rejected the remuneration report is seen as a ‘warning shot’ from investors Trinity Mirror chief executive Sly Bailey has narrowly survived a shareholder revolt over her pay, after just 54% of shareholders voted to approve the remuneration report at the annual general meeting on Thursday. The large number of voters who rejected […]


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