An overhaul of Barclays proposed by activist investor Ed Bramson will be rejected by bosses.
Bramson’s fund, Sherborne, is the fourth largest shareholder, with a 5.4 per cent stake.
He is rumoured to want a revamp of the investment bank to deliver bigger returns – or even for it to be sold.
Stormy: An overhaul of Barclays proposed by activist investor Ed Bramson will be rejected by bosses
The UK’s 350 largest listed companies reported record profits of £153.8bn in the first three months of the year, which is a 158 per cent annual increase, says The Share Centre.
Consolidation in Britain’s retail sector led to 37 mergers and acquisitions in the year to March 31 – a 15 per cent increase on the year before, according to City law firm RPC. The value of the deals totalled £3.7bn.
Government ministers say Argentina avoided a crisis at the weekend by raising interest rates to 40 per cent – the third increase in eight days. It will cut borrowing to prevent a run on the peso.
Budget airline Norwegian Air’s passenger traffic rose by 44 per cent year on year in April.
Nokia has acquired software maker Space Time Insight, which big firms use to manage millions of devices and assets across its networks.
Food delivery service Deliveroo is spending £10m to provide its 35,000 riders with free accident insurance that will give them cover worth £7,500 if they crash while making deliveries.
Chris Fraser, head of Yorkshire potash miner Sirius Minerals, took home £842,000 last year, down from £922,000 in 2016. Sirius is to create 1,000 jobs.
Billionaire investor Warren Buffett says he could soon use his £80bn war chest to snap up a British firm.