A third of UBM shareholders have voted against plans for executive pay at the firm, making it the latest in a growing list of big firms to suffer backlashes against their remuneration reports.
At the global media company's annual general meeting 36% of shareholders, representing 55.5m shares, voted against the pay deal.
In a further blow to the company, voters representing a 33.3m shares were withheld.
This compared with 97m votes cast in support of the remuneration report, meaning 48% of shareholders refused to back it.
The company joins a growing number of firms where shareholders have flexed their muscles.
At Pendragon's AGM last week, 67% of shareholders who voted were against the remuneration report.
It was a close run thing at newspaper outfit Trinity Mirror where 45.89% voted against the pay deal. These votes came hot on the heels of insruance titan Aviva losing the vote, leading to its chief executive resigning.
This, in turn, came shortly after a sizeable chunk of Barclay's owners voting against its remuneration report.
The Chancellor has launched legal action to block the European Union-wide levy on financial transactions (FTT) which traders fear could have a devastating impact on the City. More specifically, Osborne is worried by the fact that the levy will apply even to those countries who opt out of the agreement. Great Britain already has two other claims outstanding against the EU for setting financial rules which allegedly handicap the City, the FT writes. [21 Apr '13]
Three people are said to have been killed and over a hundred injured by two explosions near the finishing line of the Boston marathon yesterday. "The White House said the incident would be handled as an 'act of terror'. If confirmed as terrorism, it would be the most dramatic such incident on the mainland US since the 9/11 attacks in New York and Washington in 2001," writes the Financial Times. [16 Apr '13]
National newspaper publisher Trinity Mirror said annual profit and revenue fell sharply and, while it expects the trading environment to remain difficult, it will continue to invest in the business and pay down long term debt. [14 Mar '13]
Terrestrial broadcaster ITV was providing a lift to the media sector on Monday afternoon following the strong viewing figures for its celebrity reality TV show 'I'm a Celebrity Get Me Out of Here'. [3 Dec '12]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.