Universal Music Group could become the latest company to face an embarrassing shareholder revolt this AGM season, after an influential advisory firm urged investors to reject an “excessive” €139m (£119m) payout for its chief executive, Lucian Grainge. Glass Lewis said it had “severe reservations” about supporting the Dutch-American music company’s pay decisions, which included a €92m share-based bonus for its British-born CEO that easily made up for a 51% cut in his salary, to €7.5m. – Guardian
London stocks were still firmly in the black by midday on Tuesday, with the FTSE 100 hitting record highs as markets played catch up with gains seen in the US and Europe a day earlier.https://www.sharecast.com/news/news-and-announcements /uk-april-retail-sales-hit-by-wet-weather-early-easter -brc 16726108.html
Ferrexpo reported a notable rise in production and sales volumes for the first quarter at its Ukraine subsidiary, Ferrexpo Poltava Mining (FPM), on Tuesday.