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...AstraZeneca, the second most valuable company on the FTSE, won investors’ approval on Thursday for a pay rise of up to £1.8mn for its chief executive Pascal Soriot....
...Since taking the helm in 2012, Soriot has turned AstraZeneca into the second-largest company on the FTSE 100 index behind Shell....
...Institutional Shareholder Services, another high-profile shareholder adviser, is recommending shareholders vote in favour of Abrdn’s proposals at its meeting....
...AstraZeneca’s chief executive Pascal Soriot is “massively underpaid” and deserves a proposed £1.8mn pay rise, according to one of the drugmaker’s top shareholders....
...Abrdn dropped out of the FTSE 100 last August, and its shares have fallen by a fifth over the past year, underperforming its peers....
...The package will be put to a shareholder vote at the company’s annual meeting on May 1. “The reception among investors is more open now than it would have been two years ago,” said Soames....
...The UK has placed more than 1,600 individuals and companies under sanctions since Russia’s full-scale invasion of Ukraine in February 2022....
...Shares in those seven unglamorous companies are up by an average of around 1,000 per cent over the past 20 years....
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from US rival Concord Chorus....
...AstraZeneca shareholders approved a potential £1.8mn pay rise for chief executive Pascal Soriot, despite a significant investor revolt against a pay increase advisers had called “excessive”....
...Shares in DS Smith were down 1.7 per cent at 403p on Tuesday. Mondi declined to comment....
...Since Engstrom became chief executive in 2009, its share price has soared 650 per cent — from about 465p to more than 3,489p — and total shareholder returns (reinvesting dividends) have been more than 1,000...
...For example, in recent decades, a swing of just 1 million barrels can swing crude oil prices dramatically even in a market supplied by roughly 100 million barrels per day....
...Ocado paid Steiner £59mn in 2019 despite suffering a £215mn loss, in one of the largest annual payouts for a FTSE 100 chief executive....
...However, the company warned that it “does not believe that any of these options are likely to recover any value for the company’s shareholders”....
...The $1.6tn money manager joins JPMorgan Asset Management, State Street Global Advisors and Pimco in resigning from Climate Action 100+ in the last three weeks, while BlackRock has scaled back its involvement...
...Just three companies in the FTSE 350 have a share price in excess of £100, notes AJ Bell’s Russ Mould — not even 1 per cent of the universe....
...the merits of returning capital to shareholders....
...On the other hand, Newcrest’s merger destroyed some $1.4bn of value. Cheap targets abound, thinks John Hathaway at Sprott Asset Management....
...“With the distracting proxy contest now behind us, we’re eager to focus 100 [per cent] of our attention on our most important priorities: growth and value creation for our shareholders and creative excellence...
...The $1.86tn asset manager on Friday said the lobbying group, which seeks to use shareholder power to press companies to cut their carbon emissions, “is no longer aligned with Pimco’s approach to sustainability...
...In its recommendation to shareholders to vote down the proposal, BlackRock wrote that 54 of the 100 largest US public companies combined the chair and CEO role and another 14 had chairs that were not considered...
...The lender expects to distribute 100 per cent of its yearly profits to shareholders, an increase of €3.35bn compared with 2022....
...Lok’nStore’s directors have unanimously recommended the offer to shareholders, who will vote on the takeover in May....
...They added: “Previously, we thought that a bid would have to be 100-110pps [pence per share] to succeed, but 90pps would now look like a more realistic outcome.”...
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