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Powerscourt signs David Lloyd-Seed to growing IR team

Apr 18, 2019
Garnet Roach
Powerscourt signs David Lloyd-Seed to growing IR team
David Lloyd-Seed has been named as the new head of capital markets at Powerscourt, as the consultancy continues the expansion of its IR team, after Marina Calero and Eavan Gannon joined former sell-side analyst Alison Watson to form the team late last year. Lloyd-Seed, chairman of the UK IR Society and former head of IR at Telefonica, will wor...
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Technology & Social Media

Mifid II: Asset managers focusing on digitization projects

Apr 18, 2019
Andrew Holt
Mifid II: Asset managers focusing on digitization projects
Mifid II has brought about a number of new developments and trends since its introduction, but a new one is that asset managers are increasingly looking to data analytics and digitization projects. According to the Global Asset Management Survey by financial technology firm Linedata, buy-side firms are focusing on data-led projects to secure successes to protect investment and operational performance against the potential for market disruption as a result of regulat...
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Regulation

Investor revolt over Lyft dual-class shares creates ongoing debate

Apr 15, 2019
Andrew Holt
Investor revolt over Lyft dual-class shares creates ongoing debate
The call last month from a group of investors for Lyft to cancel its dual-class shares has seemingly shifted the dial on an issue that has long been a source of debate. A letter addressed to Lyft’s directors was penned by a powerful group of investors from the UK’s Local Authority Pension Fund Forum, French-owned BNP Paribas Asset Management, pension funds representing public employees in New York, Los Angeles, Chicago and Ohio, and US labor unions the Internati...
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Shareholder targeting & ID

Nordic investors become sellers in domestic property

Apr 12, 2019
Andrew Holt
Nordic investors become sellers in domestic property
Nordic institutional investors have become sellers in their domestic property markets, according to Oslo-based Pangea Property Partners in its latest outlook report. Factors such as an increased desire for international real estate, development projects, new capital requirements and overly high real estate allocations have all contributed to the shift from being buyers, the Nordic advisory firm says. ‘It’s a new trend we are seeing right now,’ commentsÂ...
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ESG

Should boardrooms consider political diversity?

Apr 12, 2019
Judith Ugwumadu
Should boardrooms consider political diversity?
Should corporates be more interested in ‘ideological diversity’ in the boardroom? They should, according to Justin Danhof, director of the National Center for Public Policy Research’s Free Enterprise Project (FEP), a conservative shareholder activist group, who says ‘Silicon Valley-based companies are too liberal’. ‘We’re seeking to protect investors and one area of vulnerability we see is political unanimity,’ Danhof tells IR Magazine. ‘T...
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Sell side

Slowest quarter for London IPOs in eight years

Apr 11, 2019
Andrew Holt
Slowest quarter for London IPOs in eight years
In terms of IPOs, it has been the slowest quarter in eight years on London’s capital markets in the three months to March 31, according to accountancy firm EY. Only four London Stock Exchange main market IPOs took place between January and March, raising a combined £460 mn ($601 mn), along with just one admission to Aim, raising £21 mn, EY highlights in its latest IPO Eye ...
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ESG

Netflix adopts proxy access

Apr 11, 2019
Ben Maiden
Netflix adopts proxy access
Netflix has become the latest US public company to give investors a greater say in who is picked for its board.  According to a regulatory filing, the Netflix board of directors late last month amended and restated the company’s bylaws to add a proxy access provision. The updated bylaws state that a shareholder owning at least 3 percent of the company’s o...
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