The Coalition is a unique group that includes private investors who are patient and risk tolerant, global corporations that produce or consume energy in vast quantities, and financial institutions with the capital necessary to finance the world’s largest infrastructure projects. Our network extends into every sector of the global economy, allowing us to tap into additional expertise as needed. Millions face British Gas price hike: Energy bills for dual fuel customers will chris hohn children’s investment fund by an average of 5. Would you heed a ‘wealth warning’ on fund charges?
A bombshell vote to sack London Stock Exchange chairman Donald Brydon will go ahead this month after a top investor refused to back down. Billionaire hedge fund boss Sir Chris Hohn blames Brydon for forcing out the LSE’s chief executive Xavier Rolet. The investor has used his 5 per cent stake in the business to demand a shareholder vote on removing the chairman. His decision to forge ahead has shocked insiders, who thought the campaign was dead after Rolet said there were no circumstances in which he would return to run the business. Brydon also said he will leave in 2019, in a move widely seen as an effort to compromise. But although Hohn has now abandoned plans for a ballot to reinstate Rolet, he is continuing his push to unseat Brydon, 72. In a letter to shareholders yesterday, the investor said his position had not changed.
If more than half of shareholders back Hohn, the LSE will be left with both its top jobs unfilled. The company admitted last night that its board had forced 58-year-old Rolet to leave following concerns about his management style. 1bn today, the Frenchman can be autocratic and unwilling to consider alternative views. Aspects of Xavier Rolet’s operating style were important factors taken into account by the board when assessing the right time to put into place a succession plan.
6 per cent, or 26p, to 3779p. Could these LED lights on crossings save lives on the road? Will stock markets start to rise again? Can you change a name on a plane ticket?