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Finance Week back issues
Compass shareholders urged to vote out pay plan.
February 8, 2006... Shareholders of Compass Group, the troubled caterer, are being advised to vote against changes to the company's remuneration plans due to the lack of targets associated with the long-term incentive plan (LTIP). Both Research Recommendation Electronic Voting (RREV) and Pensions...
CFS to apply Basel II to insurance business.
February 8, 2006... Co-operative Financial Services (CFS) is set to become the first UK group to apply the new European credit risk framework, Basel II, across its insurance business. CFS, advised by KPMG, its auditor, and Ernst & Young, is currently deciding how it will implement the new banking...
Shell finance director to double pay with bonus.
February 8, 2006... Shell finance director Peter Voser is set to reap a reward of more than #1m, buoyed by his first ever bonus at the group, after the oil giant last week delivered record-breaking income of $22.9bn (#13bn). Voser, who was not eligible for an annual bonus last year after joining Shell...
BAE ties up deal to prevent breach of bond covenants.
February 8, 2006... By Hugh Tomlinson BAE Systems has pre-empted breaching its covenants on two outstanding bonds under International Financial Reporting Standards (IFRS) after persuading investors to remove its #2.6bn pension deficit from the original agreements. The aerospace and defence company...
Mitchells & Butlers weighs up Reit conversion.
February 8, 2006... Mitchells & Butlers is considering hiving off its #3.5bn property portfolio into a Real Estate Investment Trust (Reit) to focus on pub management. The group's finance director, Karim Naffah, says he is weighing up its options ahead of the Government's introduction of Reits, which is...