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.
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.
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. 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.
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.