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Tesco board faces heat over CEO's 10 mln pound pay package

Tesco board faces heat over CEO's 10 mln pound pay package By James Davey LONDON, June 14 (Reuters) - The board of Tesco TSCO.L , Britain's biggest supermarket group, will be asked to justify chief executive Ken Murphy's near 10 million pounds ($13 million) pay package when it faces shareholders at its annual meeting on Friday. Investors have become more vocal in their opposition to boardroom pay deals they deem excessive amid a cost of living crisis.
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Labour to ensure pension funds invest more in UK firms if it wins power

UPDATE 1-Labour to ensure pension funds invest more in UK firms if it wins power Adds Lyons comment in paragraph 7, reaction in paragraph 13, private equity tax in paragraph 14 By Huw Jones and Carolyn Cohn LONDON, June 13 (Reuters) - Britain's Labour Party, tipped in the polls to win a general election on July 4, said on Thursday that if it won power it would ensure that pension funds invested more in UK companies.
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London stocks lose steam after Fed's rate cut outlook; Halma jumps

UPDATE 2-London stocks lose steam after Fed's rate cut outlook; Halma jumps For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.6%, FTSE 250 off 1.5% Halma jumps after full-year revenue, core profit beat Crest Nicholson warns of drop in annual profit; shares slide Updated at 1553 GMT By Pranav Kashyap and Purvi Agarwal June 13 (Reuters) - British stocks closed lower on Thursday, tracking European market losses as investors di
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Credit Agricole, Hermes, Whitbread

EUROPE RESEARCH ROUNDUP-Credit Agricole, Hermes, Whitbread June 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Credit Agricole, Hermes and Whitbread, on Wednesday. HIGHLIGHTS * Credit Agricole CAGR.PA : Jefferies raises to buy from hold * Flutter Entertainment Plc FLTRF.L : JP Morgan cuts target price to 20,700p from 21,300p * Hermes HRMS.PA : Barclays cuts target price to EUR 2320 from EUR 2410 * Renew Holdings Plc RNWH.L : Ber
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Legal & General shares drop on $250 mln buyback, merger of investment units

UPDATE 3-Legal & General shares drop on $250 mln buyback, merger of investment units Recasts lead, adds shares paragraph 4, fresh CEO comment 6-7 By Carolyn Cohn LONDON, June 12 (Reuters) - British life insurer Legal & General LGEN.L is planning a 200 million pound ($254.9 million) share buyback and a merger of its investment units, it said on Wednesday as it looks to boost returns, though the changes disappointed investors.
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