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All Bar One owner M&B faces investor pay backlash

All Bar One owner M&B faces investor pay backlash

Business
The owner of All Bar One is facing a shareholder revolt over plans to bolster the guaranteed pay awards of its top executives amid a broader firestorm over corporate governance at the company.Sky News understands that several major institutional investors are planning to oppose Mitchells & Butlers' (M&B) remuneration policy because it plans to replace a performance-based share scheme with more certain annual awards. Institutional Shareholder Services (ISS), an influential voting advisory firm, said in a report to clients that M&B's explanation of the shift in policy "mainly discusses retention and a goal to maximise long-term shareholder value, but it does not explain how it will achieve the latter".The recommendation paves the way for a clash at the pub operator's annual meeti...
Out of 10 biggest small investor bets, only one shone in 2020; 9 eroded wealth

Out of 10 biggest small investor bets, only one shone in 2020; 9 eroded wealth

Finance
NEW DELHI: The biggest bets of retail investors failed to deliver strong returns in Calendar 2020, even when the equity benchmarks are ending the year at record highs. Investors holding shares worth up to Rs 2 lakh bought additional stakes of 9.5-23 percentage points in 10 of the BSE500 companies during the first three quarters of the year. All but Laurus Labs delivered poor returns: seven of them ended up eroding up to 77 per cent of investor wealth; two delivered a tepid return of 3 per cent each. In comparison, BSE Sensex gained 15 per cent for the year. Kishore Biyani’s Future Retail eroded 77 per cent of retail investors’ wealth during the year. Retail investors held 25.09 per cent stake in this company as of September 30 compared with 2.22 per cent held on December 31, 2019. Future C...

Market sentiment is at dot-com-bubble euphoria levels due to vaccine optimism, investor Peter Boockvar warns

Finance
Investor Peter Boockvar warns bullishness is at dangerous levels.He's worried about investor optimism touching dot-com-bubble euphoria levels."Sentiment has gotten as ebullient as we've seen in early 2000," the Bleakley Advisory Group chief investment officer told CNBC's "Trading Nation" on Monday. "It's all about that enthusiasm for stocks that should make somebody that is bullish call a time out."Boockvar cites the Citi Panic/Euphoria Model to support his case. It shows market euphoria, a contrary indicator, bouncing higher over the past couple of months.Zoom In IconArrows pointing outwards"Sentiment is literally off the charts bullish," said Boockvar, a CNBC contributor. "It typically means you are very, very vulnerable" to a market pullback.Stocks ended Monday mixed. The tech-heav...

Economically sensitive stocks are ‘spring-loaded’ for gains despite slowdown jitters, top investor Jeff Mills says

Finance
Bryn Mawr Trust's Jeff Mills sees the recovery hitting major speed bumps tied to the new wave of lockdowns.But the top investor refuses to turn bearish on economically sensitive stocks — even if GDP turns negative."The market is telling us it's going to look past the slowdown that we're going to experience in the first quarter," the firm's chief investment officer told CNBC's "Trading Nation" on Friday. "Small has outpaced large. Value, industrials, banks [and] interest rates have held in there."Last week, JPMorgan became the first major Wall Street firm to warn investors first quarter GDP will come in negative. It cited the economic fallout caused by coronavirus infections and lockdowns. However, the firm also noted the vaccine advancements would pave the way for a brisk economic expansio...

All-star investor Rich Bernstein: ‘We want to be somewhat optimistic’ and play offense

Finance
Institutional Investor Hall of Famer Richard Bernstein predicts more momentum in stocks closely tied to the economy.He expects more enthusiasm surrounding the state of the recovery will drive more investors away from richly valued mega cap growth names, which include big tech high flyers. "If you're buying them today at these types of valuations, you're effectively making a bet that the U.S. economy, that U.S. corporate profits, will stink going forward — that these are going to be the only companies that can possibly grow," the Richard Bernstein Advisors CEO and CIO told CNBC's "Trading Nation" on Wednesday.Bernstein, who has spent decades on Wall Street, sees upside potential in energy, materials, transports and industrials."History shows very clearly that if you believe that things...