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Trinity Mirror ShareCast News (TNI)
ShareCast News for Trinity Mirror (TNI)
| Share Price: 109.75 | Bid: 110.25 | Ask: 111.00 | Change: 0.25 (+0.23%) |  | ||||||
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Almost half of UBM shareholders refuse to back director pay
Mon, 14th May 2012 08:10
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.
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.
Unilever director builds stake
A round-up of the biggest director deals today so far.[20 May '13]
Thursday broker round-up UPDATE
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered.[16 May '13]
Sunday newspaper round-up: FTT, GDP, Vodafone
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]
Tuesday newspaper round-up: Boston, Barclays, Petrol prices...
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]
Monday broker round-up UPDATE
Amur Minerals Corporation: HB Markets initiates with a speculative buy.[25 Mar '13]
Trinity Mirror full year earnings slide
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]
Trinity Mirror approached by investors over Sunday People involvement
Trinity Mirror has confirmed that it has been approached by a group of investors who have expressed an interest in working with the group to invest in and develop the Sunday People.[11 Jan '13]
Sector movers: ITV lifts media stocks higher on 'I'm a Celeb' success
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]
