Asset managers accused of grandstanding on Persimmon pay
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.
RLAM revolts against Persimmon pay
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.
BHP returns to profit as Persimmon ‘sitting pretty’
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.
Risks abound in housing stocks despite strong Persimmon update – LGIM’s Penny
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.
Persimmon building confidence after post-Brexit pain
Persimmon is showing signs of recovery following its immediate pain following the EU Referendum vote as reported in its Q3 trading update.