PRESS DIGEST- Financial Times - May 26

World's second-largest asset manager Vanguard has refused to stop new investments in fossil fuel projects and end its support for coal, oil and gas production. Prudential has appointed former Citi banker Anil Wadhwani as chief executive, as the life insurer deepens its focus on Asia.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

Peter Cowgill to leave JD Sports after governance review https://on.ft.com/3MQSMdN ExxonMobil investors back push for fossil fuel transition audit https://on.ft.com/38IJ3Yx

Vanguard refuses to end new fossil fuel investments https://on.ft.com/3PHi1RK Prudential names former Citi banker Anil Wadhwani as next chief executive https://on.ft.com/3wJPOCr

Overview JD Sports executive chair Peter Cowgill is to leave the retailer immediately after an 18-year tenure during which its value has soared.

ExxonMobil shareholders on Wednesday backed a measure calling on the oil company to lay out how a rapid global shift away from fossil fuels would affect its finances. World's second-largest asset manager Vanguard has refused to stop new investments in fossil fuel projects and end its support for coal, oil and gas production.

Prudential has appointed former Citi banker Anil Wadhwani as chief executive, as the life insurer deepens its focus on Asia. (Compiled by Bengaluru newsroom)

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