Tesco Plc Chief Executive Officer Philip Clarke needs another 18 months to turn around the U.K. grocery leader, one of its biggest shareholders said, days after the CEO reported the worst sales growth in 40 years and others called for a change to leadership.
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.
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.
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.