BlackRock and Vanguard retain ETF market lead
BlackRock and Vanguard increased their combined market share of the global exchange-traded funds industry from 52% in 2012 to 55% last year, following record inflows into their respective ETF businesses, according to EFTGI. (FT)
Potential investor rebellion over Imperial pay
Imperial Brands has decided not to put up a proposal to increase the pay for CEO Alison Cooper at its AGM next month. The Imperial board decided to withdraw the resolution - which would have raised Cooper’s annual remuneration package from £5.5m to a potential £8.5m - following dwindling support from its shareholders. (Guardian)