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FT One-Sided on Brexit?

Do you read the Financial Times? If so have you found the repeated articles on Brexit (including many editorials) somewhat one-sided? Well yesterday the Financial Times actually published a letter from Campbell Gordon complaining about it, and it's not often that editors publish letters critical of what they are issuing. But what do we get today? Yet another editorial on the same topic and with the same slant - in this case explaining why scientists are unhappy with Brexit and should not ...

Teathers Financial – Requisition to Remove Directors

Investors in Teathers Financial (TEA) have requisitioned an EGM to remove all the current directors and appoint new ones, which was accepted by the company on the 25th May. Teathers was an AIM listed business called C.A.Sperati that turned itself into an investment company and was then renamed (a common route for those giving up on their original business). However under AIM listing rules it needs to make investments within a year of becoming an investment company which it failed to ...

Alliance Trust and RIT Capital

Several newspapers reported this morning that Alliance Trust (ATST) has been approached by RIT Capital Partners (RCP) about a possible merger. Both companies are listed investment trusts favoured by private investors. Alliance Trust has been going through some difficult times of late after a period of poor relative performance resulting in a high discount to net asset value (currently over 10% according to the AIC despite an active share buy-back programme whereas RCP is on a 6% premium at the time ...

Reaction to ShareSoc Remuneration Guidelines

We are delighted that our guidelines, launched last week have been widely covered and well received. Here is some of the press coverage: Financial Times: FTSE100 CEO pay “too...

ShareSoc Launches New Director Remuneration Guidelines

ShareSoc has issued the following press release on its new Remuneration Guidelines. These Guidelines have been developed by ShareSoc Director Cliff Weight who has substantial experience in these matters, supported by other ShareSoc directors. In summary the press release said: FTSE100 CEO pay is too high. It should be less than half of current amounts. FTSE 100 CEO’s maximum bonus should be 100% of salary (currently 200% is common) and the LTIP maximum normal annual award should be 100% of salary (currently 300% is ...