Michele Maatouk

Reporter at Sharecastcom

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Articles

Metro Bank facing backlash over £60m pay plan for top execs - report

6 days ago | sharecast.com | Michele Maatouk

According to Sky News, proxy adviser Institutional Shareholder Services (ISS) has told the high street lender's investors to vote against its remuneration policy and a Shareholder Value Alignment Plan (SVAP) at its annual meeting on 20 May. ISS said in a report to clients - seen by Sky News - that the share award plan had the "potential to deliver outsized rewards". "Performance is measured solely based on total shareholder return over a baseline value (80p for the May 2025 grant)," it said.
FTSE 100 movers: Airtel Africa recovers; Rightmove dips

6 days ago | sharecast.com | Michele Maatouk

London’s FTSE 100 was up 0.3% at 8,555.35 in afternoon trade on Friday. Airtel Africa was the top gainer, having fallen sharply a day earlier on the back of results. BP gushed higher after it was reported that a range of possible suitors were running a slide rule over the oil and gas major. According to the Financial Times, Shell, Chevron, ExxonMobil, TotalEnergies and Abu Dhabi’s Adnoc have run the numbers on a potential acquisition.
Trump says 80% tariffs on China 'seems right' ahead of Geneva talks

6 days ago | sharecast.com | Michele Maatouk

Ahead of talks with China in Geneva, Switzerland this weekend, Trump wrote on his Truth Social site: "80% Tariff on China seems right! Up to Scott B." He also said that China should "open up its market" to the USA. "Would be so good for them!!!," he wrote, adding: "closed markets don’t work anymore!!!" Russ Mould, investment director at AJ Bell, said this weekend’s trade talks "could be make or break for the Chinese economy".
London midday: Stocks stay up amid trade deal hopes

6 days ago | sharecast.com | Michele Maatouk

London stocks were still in the black by midday on Friday as optimism over US trade deals boosted sentiment. The FTSE 100 was 0.5% firmer at 8,571.72. After the UK and US struck a trade deal on Thursday, investors were looking ahead to talks between the US and China, due to take place over the weekend in Switzerland. Russ Mould, investment director at AJ Bell, said: "With the UK having basked in trade deal glory yesterday, the spotlight has now turned to China.
London open: Stocks gain amid trade deal optimism

6 days ago | sharecast.com | Michele Maatouk

London stocks gained in early trade on Friday as optimism over US trade deals boosted sentiment. At 0825 BST, the FTSE 100 was 0.4% firmer at 8,561.32. Derren Nathan, head of equity research at Hargreaves Lansdown, said: "The diplomatic offensive presented conjointly by President Trump and Keir Starmer from Washington and Solihull has ignited a feint spark of optimism in equity markets.
Travis Perkins appoints SIG’s Gavin Slark as new CEO

6 days ago | sharecast.com | Michele Maatouk

Travis Perkins said Slark is a highly experienced public company CEO, with "significant" experience of the building materials and merchanting industry. He has been CEO of SIG since 2023, prior to which he was CEO of Grafton Group between 2011 and the end of 2022. Between 2006 and 2011, Slark was CEO of The BSS Group before its acquisition by Travis Perkins. Chair Geoff Drabble said: "The board and I are delighted that Gavin has agreed to join us.
Friday newspaper round-up: Centrica, water bills, BlackRock

6 days ago | sharecast.com | Michele Maatouk

The average household water bill in England and Wales is likely to reach £2,000 a year by 2050 if supplies are to be maintained, the industry regulator has said. In its submission to the government-commissioned water inquiry, led by Sir Jon Cunliffe, Ofwat said “significant investment” was needed to secure enough water and avoid the country running out, and that this would cause costs to be piled on to water bills in coming years.
London pre-open: Stocks seen up; US-China trade talks eyed

6 days ago | sharecast.com | Michele Maatouk

The FTSE 100 was called to open around 30 points higher. China and the US are due to hold talks on tariffs in Switzerland at the weekend. Danske Bank said: "The main goal of the talks will be to agree on lowering tariffs from the current prohibitively high rates, which are a de facto trade embargo on most goods.
Severn Trent’s Hodgson to replace Adam Crozier as Whitbread chair - report

1 week ago | sharecast.com | Michele Maatouk

The chair of Severn Trent is reportedly set to become the new chair of Premier Inn owner Whitbread. According to Sky News, Christine Hodgson has been selected as the preferred candidate to replace Adam Crozier. City sources told Sky her appointment could be announced as early as next week. Hodgson was said to have seen off competition for the post from Andrew Martin, chair of testing and inspection group Intertek.
FTSE 100 movers: IMI gains after results; Airtel Africa slides

1 week ago | sharecast.com | Michele Maatouk

London’s FTSE 100 was down 0.4% at 8,522.23 in afternoon trade on Thursday. IMI was the standout performer on the index as the engineering firm reaffirmed its guidance for the full year and said it was conducting a strategic review of its transport business. Weir Group was also a high riser after UBS upgraded the shares to ‘buy’ from ‘neutral’ and hiked the price target to 2,850p from 2,250p.