Weekly Outlook: Persimmon and challenger banks to report
Key events for UK wealth managers for the week starting 11 March
Key events for UK wealth managers for the week starting 11 March
Key events for UK wealth managers for the week starting 27 February
Key events for UK wealth managers for the week starting 9 January
The key events for UK wealth managers for the week starting 19 August
Aberdeen Standard Investments looks forward to engaging with the company on its plans for future strategy
Public row over Jeff Fairburn’s £75m bonus seen as ‘distraction’ to his role
Asset managers who slammed Persimmon pay packages this AGM season have been silent when questioned over their voting record at the UK housebuilder, which enabled executive remuneration to soar.
Aberdeen Standard Investments has joined Royal London Asset Management (RLAM) in voting against Persimmon’s remuneration package, which it said threatens the firm’s reputation.
Royal London Asset Management is one of the few asset managers that has confirmed it will vote against sky-high executive pay packages at Persimmon’s AGM on Wednesday, as the housebuilder comes under fire for failing to meet the living wage for its lowest-paid workers.
UK housebuilders have come a long way since their lows post-EU referendum, but is the sector stable enough to ride the wave of higher inflation and continued political uncertainty?
Both BHP Billiton and Persimmon impressed shareholders with their latest trading updates, the miner returning to an annual profit and agreeing to ditch its US shale operation and the UK builder posting double digit revenue growth.
Persimmon’s trading update on Thursday may have buoyed housebuilder’s share prices, but listed builders are not out of the woods yet, according to Legal & General Investment Management’s Richard Penny.