Friedrich Joussen, TUI AG’s incoming chief executive officer, is asking shareholders for patience before he outlines plans to give shareholders a return from Europe’s largest travel company.
Deutsche Bank AG supervisory board chairman Paul Achleitner must improve corporate governance at Germany’s biggest bank to allow management to focus on boosting shareholder returns, investors said.
Iberdrola SA Chief Executive Officer Ignacio Galan faced renewed criticism from his biggest investor, which analysts say may be plotting to undo the international expansion he carried out at the Spanish utility.
Union Investment GmbH, Deutsche Bank AG’s 12th-largest shareholder, said it was among investors growing impatient over legal bills and capital increases at Europe’s biggest investment bank.
Allianz SE, Europe’s biggest insurer, reported first-quarter operating profit that fell 2.9 percent, less than analysts estimated, and said it was maintaining its earnings target for the year.
RWE AG, Germany’s second-largest utility, defended the planned sale of its Dea oil and gas unit against criticism from shareholders, who accused management of sacrificing growth for quick returns.
Allianz SE, Europe’s biggest insurer, said profit rose at least 53 percent in the first quarter as it paid less for natural-disaster claims.
"This is just a tranquilizer pill for the beleaguered shareholders, but does not solve the operational problems."
- Ingo Speich on Oct 01, 2014