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AstraZeneca boss Pascal Soriot was last night at the centre of an extraordinary row among City investors over his multi-million-pound bonus. The French chief executive has been lauded for rolling out Astra's life-saving Covid vaccine at no profit, as well as fighting off predatory buyers and boosting the company's share price since he took charge in 2012. But Astra's major shareholders are understood to have been locked in heated talks for days after the drugs giant proposed to boost his bonus and performance-related share award by £2.
London stocks closed well into positive territory on Friday, with the top-flight index hitting new post-pandemic highs, as investors sifted through a US payrolls report that missed expectations by a country mile.
Online financial information portal, Snowball Finance Beijing Internet Information Technology is planning an initial public offering in the US which could raise around $300m.
European shares continued pushing higher on Friday, boosted by strong US markets, an upbeat outlook from sportswear maker Adidas and reports that UK aerospace engineer Meggitt could be a takeover target.
Warranty insurer Domestic & General announced on Friday that David Tyler would become its executive chairman for an interim period with immediate effect, until the recruitment process for a permanent chief executive officer was concluded.
India's main opposition leader Rahul Gandhi warned on Friday that the second Covid-19 wave that is fiercely hitting the country needs to be brought under control or it could even threaten the rest of the world.
Financial markets' focus over the coming week will be on inflation readings due out across the world's largest economies, including China, euro area and US.
Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.
Turkey-focussed upstream oil and gas company Valeura Energy announced on Friday that all Turkish government consents required to close its proposed sale of its shallow conventional gas business had now been granted.
Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.
Mobeus Income & Growth reported on Friday that its net asset value per share increased by 13. 23p in the quarter ended 31 March, making for an increase of 19. 7% on the opening net asset value per share.
