U.K. investors are seeking more information on investment banks enabling shareholders to sell shares they had promised to hold, said Robert Talbut, chairman of investment affairs at the Association of British Insurers.
For an industry that routinely makes multi-billion dollar deals with developing-world governments and an array of sometimes controversial leaders, the mining sector has been remarkably free of political scrutiny.
The U.K.’s biggest investors want to put billions of pounds into British infrastructure, creating jobs and growth in an economy that is still smaller than it was in 2009. The government is preventing them, they say.
In Marc Bolland’s last role as head of William Morrison Supermarkets Plc, he turned around an unprofitable, unfashionable U.K. food retailer. Marks & Spencer Group Plc investors want an encore when he takes the helm May 4.
The U.K. government may start selling its 40 percent stake Lloyds Banking Group Plc this year after a surge in the bank’s shares, according to Robert Talbut, chief investment officer of Royal London Asset Management Ltd.
European stocks advanced, extending this week’s gains, after U.S. jobless claims unexpectedly fell last week to the lowest since April 2008, indicating the recovery in the world’s largest economy is on track.