Investment Week (May 9)
“BP’s latest plan to buy back $2.5bn of stock this quarter has pushed forecasts for FTSE 100 firm buybacks to be on track for a record high in 2022. FTSE 100 firms are now planning £37bn of share buybacks this year, compared to the prior record of £34.9bn in 2018.”
Financial Times (January 8)
With a $3 trillion valuation, Apple “is worth more than the entire FTSE 100 index—highlighting the malaise of what was long one of the world’s leading stock markets.” In a decade and a half, the LSE’s “share of global equity values has fallen from 8.5 per cent to 3.6 per cent.”
Tags: $3 trillion, Apple, Fallen, FTSE 100, Global equity values, Leading, LSE, Malaise, Stock markets, Valuation
Fortune (January 4)
“By the end of the first three working days of the year, the U.K.’s top bosses will each have earned on average as much as a typical worker will take home in all of 2018, according to a report. While the difference in compensation appears stark, it narrowed slightly compared with the previous year.” Studies show “earnings for CEOs in the U.K.’s benchmark FTSE 100 dropped by a fifth in 2016 to 4.5 million pounds ($5.4 million)” and that the CEO-to-worker pay ratio stood at around 120 to 1, much lower than the 347 to 1 of S&P 500 companies.
Financial Times (February 23)
In the UK, just 12.5% of FTSE 100 board positions are filled by women. Lord Davies is recommending the government take measures to double this figure by 2015. The measures will likely be non-binding, rather than the rigid quota systems adopted by Norway, France and Spain. The Financial Times urges companies to “take voluntary targets seriously,” calling on the chairmen of all-male boards to “explain in their annual report why they find this acceptable” and on investors to “press male, middle-aged boards.”
In the UK, just 12.5% of FTSE 100 board positions are filled by women. Lord Davies is recommending the government take measures to double this figure by 2015. The measures will likely be non-binding, rather than the rigid quota systems adopted by Norway, France and Spain. The Financial Times urges companies to “take voluntary targets seriously,” calling on the chairmen of all-male boards to “explain in their annual report why they find this acceptable” and on investors to “press male, middle-aged boards.”