Company news
Woolworths Australian boss John Dixon shown the door
Woolworths regional Australian CEO John Dixon has left the group as the retailer moves to simplify its Australian regional leadership structure.
In a shareholder announcement on Tuesday morning Woolworths said that Dixon's position was being axed in the wake of a strategic cost review. Dixon resigned as an executive director on Monday.
-Fin24
H&M scouts out potential suppliers in South Africa
H&M is looking at South Africa as a potential supplier, with executives from the world’s second largest clothing retailer visiting some of the country’s main cities this week.
South Africa’s government helped to broker the H&M visit as part of efforts to boost the textile sector which has been hit hard by Chinese clothing imports that led to factory closures and thousands of job losses.
-Fin24
ATON raises stake Murray & Roberts
German investment house ATON has raised its stake in South African builder Murray & Roberts to nearly 40%, it said on Tuesday.
ATON, which already held about a third of the stock, is in the middle of a US$400 million takeover bid for the rest of Murray & Roberts.
The bid has been rejected by Murray and Roberts, which itself has started all-share merger talks with rival Aveng.
-Nampa/Reuters
Shell shareholders adopt CEO pay by 75% majority
Royal Dutch Shell shareholders on Tuesday approved the 2017 management remuneration, including chief executive officer Ben van Beurden’s 8.9 million euro (US$10.51 million) package, by a majority of 75%.
The 2016 remuneration resolution won the support of more than 92% of shareholders.
Board member Gerard Kleisteree, who heads Shell’s remuneration committee, said the lower support was due in part to an accident in Pakistan last year where more than 200 people were killed in an explosion of a tanker operated by a Shell sub-contractor.
-Nampa/Reuters
Deutsche Bank chairman to feel investor ire
Deutsche Bank investors, fed up with a languishing share price and dwindling revenue, will call on its leaders to deliver quicker results at this week’s annual general meeting.
Chairman Paul Achleitner and newly appointed chief executive Christian Sewing are expected to provide further details of the loss-making bank’s refocused strategy at the gathering of up to 4 500 shareholders in Frankfurt on Thursday(today).
-Nampa/Reuters
Woolworths regional Australian CEO John Dixon has left the group as the retailer moves to simplify its Australian regional leadership structure.
In a shareholder announcement on Tuesday morning Woolworths said that Dixon's position was being axed in the wake of a strategic cost review. Dixon resigned as an executive director on Monday.
-Fin24
H&M scouts out potential suppliers in South Africa
H&M is looking at South Africa as a potential supplier, with executives from the world’s second largest clothing retailer visiting some of the country’s main cities this week.
South Africa’s government helped to broker the H&M visit as part of efforts to boost the textile sector which has been hit hard by Chinese clothing imports that led to factory closures and thousands of job losses.
-Fin24
ATON raises stake Murray & Roberts
German investment house ATON has raised its stake in South African builder Murray & Roberts to nearly 40%, it said on Tuesday.
ATON, which already held about a third of the stock, is in the middle of a US$400 million takeover bid for the rest of Murray & Roberts.
The bid has been rejected by Murray and Roberts, which itself has started all-share merger talks with rival Aveng.
-Nampa/Reuters
Shell shareholders adopt CEO pay by 75% majority
Royal Dutch Shell shareholders on Tuesday approved the 2017 management remuneration, including chief executive officer Ben van Beurden’s 8.9 million euro (US$10.51 million) package, by a majority of 75%.
The 2016 remuneration resolution won the support of more than 92% of shareholders.
Board member Gerard Kleisteree, who heads Shell’s remuneration committee, said the lower support was due in part to an accident in Pakistan last year where more than 200 people were killed in an explosion of a tanker operated by a Shell sub-contractor.
-Nampa/Reuters
Deutsche Bank chairman to feel investor ire
Deutsche Bank investors, fed up with a languishing share price and dwindling revenue, will call on its leaders to deliver quicker results at this week’s annual general meeting.
Chairman Paul Achleitner and newly appointed chief executive Christian Sewing are expected to provide further details of the loss-making bank’s refocused strategy at the gathering of up to 4 500 shareholders in Frankfurt on Thursday(today).
-Nampa/Reuters
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