PRESS DIGEST-Financial Times - May 5
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
UK ports want recompense for 'white elephant' post-Brexit borders https://on.ft.com/3MIlMUO Standard Chartered shareholders lodge protest vote against executive pay https://on.ft.com/3KMfD8F
British accountants and PR firms told to cut Russia ties https://on.ft.com/3kI58bL Ocado bonus scheme approved despite investor rebellion https://on.ft.com/3LNcM0A
Overview UK ports are now demanding compensation from the government after a delay in implementing post-Brexit border checks by one and a half year left them with empty high-tech facilities that risk becoming multi-million pound "white elephants".
Almost 33% of Standard Chartered's shareholders voted against executive pay at the bank's annual meeting, after proxy advisers criticised the company for not cutting top managers' bonuses enough in the wake of a huge UK regulatory fine. UK's accounting, PR and management consulting firms have been asked to cut ties with Russian clients as part of a government ban on professional services exports to the country.
About 29% of Ocado's shareholders voted against the company's remuneration policy amid controversy over an incentive scheme that could pay out millions of pounds to senior executives. (Compiled by Bengaluru newsroom)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)