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The Business Matrix: Saturday 18 May 2013

Investor revolt over pay at Chime

Lord Davies has discovered it’s not so “simples” being the chairman of Chime after the marketing group behind the Compare the Market meerkat TV ads had an investor revolt over pay. More than 57 per cent failed to back the 2012 bonus scheme and 48 per cent failed to back the remuneration report.

JP Morgan Chase in investor appeal

JP Morgan Chase has renewed its efforts to marshall shareholders in voting against a proposal that calls for a splitting of Jamie Dimon’s dual role as the giant American bank’s chairman and chief executive, writing to investors just days ahead of the annual meeting, where the motion will be put to a vote.

Stake sale edges closer at Lloyds

The prospect of the Government getting rid of its stake in Lloyds moved closer yesterday as shares in the bank broke the level set as the break-even price for taxpayers. Lloyds’ shares rose 1.93p, or 3 per cent, to 62.84p, above the 61.2p threshold for breaking even.

UK boom fuels Europe sales rise

Europe’s struggling car industry ended a 18-month run of declining sales in April thanks to booming sales in the UK. The European Automobile Manufacturers’ Association said 1.038 million new cars were registered, up 1.7 per cent on last April. The UK saw 15 per cent growth.

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