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PwC Event: Environmental Reporting – 22 May 2019

Those members interested in the environment and its impact on your investing (and vice versa!) may wish to attend this seminar being run by PwC. Environmental Reporting - 22nd May at PwC, 7 More London starting at 3.30 p.m. Following the earlier circular advising you to 'Save the Date', further details are attached below about the PwC event on Environmental Reporting. No one can have failed to notice that in recent months environmental issues have been in the news. This promises to be ...

Changes Proposed at Companies House

The Government BEIS Department have recently proposed a number of important changes to the way Companies House operates in a public consultation entitled “Corporate Transparency and Register Reform” (see https://tinyurl.com/yysf9gdn ). Here’s a brief summary of the main points: This consultation will be of interest to anyone who is a director of a private or a public company, or a major shareholder in such a company (i.e. those People with Significant Control). Even directors of the smallest companies could be affected. A major ...

Lloyds Bank – Recommendation to vote against the Remuneration Report

I recommend shareholders vote against the Remuneration Report at the Lloyds AGM on 16 May 2019, because the proposal to pay the CEO a pension allowance of 33% of salary has attracted huge negative publicity. It has become a significant distraction and has negatively impacted the brand. The HBSC CEO accepted a reduction in his pension from 35% to 10% of salary. Antonio Horta-Osorio should have accepted the same, i.e. a 10% pension. The difference would be £293,000 year, but this is ...

Offer for Share Centre Canned and Changes at Charles Stanley

Interactive Investor Services have announced they do not intend to make an offer for the Share Centre (Share Plc – SHRE) as previously mooted. That’s probably a relief for users of that platform. But users of the Charles Stanley (CAY) broking services may have concerns as the company announced this morning that they are going to simplify and standardise their service to cut costs and improve the service to clients. Some staff will be cut but the impact on customers is not ...

Warren Buffett and FCA Review of RDR & FAMR

There was an interesting article on the career of Warren Buffett in the last FT Weekend magazine. It was a wide-ranging interview with the renowned investor who became one of the richest persons in the world by making investments which consistently outperformed the markets over the last 50 years. At age 88 he still claims to be having fun by working at investment. But in the last ten years he has fallen behind the S&P index. The reason is primarily because he ...