The $2 trillion asset-backed securities market in Europe is out of kilter as growing demand for the debt, which policy makers are promoting as a savior for the region’s economy, meets shrinking supply.
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.’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.
U.K. institutional investors are becoming concerned about the complex methods companies use to calculate management pay, with some measures based on unclear criteria and others not linked to share price performance, the Financial Times reported.
European Union stress tests found banks need to raise 3.5 billion euros ($4.5 billion) of capital, about a tenth of the lowest analyst estimate, leaving doubts about whether regulators were tough enough.