Advertisement
UK markets close in 8 hours 2 minutes

  • FTSE 100

    8,423.30
    +41.95 (+0.50%)
     

  • FTSE 250

    20,598.77
    +67.47 (+0.33%)
     

  • AIM

    785.33
    +1.63 (+0.21%)
     

  • GBP/EUR

    1.1626
    +0.0015 (+0.13%)
     

  • GBP/USD

    1.2531
    +0.0007 (+0.06%)
     

  • Bitcoin GBP

    50,532.46
    +1,441.52 (+2.94%)
     

  • CMC Crypto 200

    1,354.77
    -3.24 (-0.24%)
     

  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     

  • DOW

    39,387.76
    +331.36 (+0.85%)
     

  • CRUDE OIL

    79.83
    +0.57 (+0.72%)
     

  • GOLD FUTURES

    2,374.10
    +33.80 (+1.44%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,971.59
    +433.78 (+2.34%)
     

  • DAX

    18,758.25
    +71.65 (+0.38%)
     

  • CAC 40

    8,221.78
    +34.13 (+0.42%)
     
PROPERTY:

Homes with investment potential

These residential properties could bring in a good ROI

ISS opposes Petropavlovsk shareholder bid to overhaul board

Reuters - UK Focus

LONDON, June 12 (Reuters) - Leading shareholder proxy voting advisor ISS (LSE: 0QRS.L - news) said investors should reject a plan to overhaul the board of London-listed gold miner Petropavlovsk (LSE: POG.L - news) at the company's annual general meeting on June 22.

Three top shareholders have put forward resolutions aimed at replacing Petropavlovsk Chairman Peter Hambro and three non-executive directors with their nominees, citing corporate governance failures.

ISS, which advises investors on which way to vote at AGMs, said "in the absence of detail that would lend weight to the requisitionists' claim of inadequate corporate governance controls, support for the shareholder nominees is not warranted at this time", in a report seen by Reuters. (Reporting by Barbara Lewis; editing by Simon Jessop)