Generali mulls higher cost cuts to counter potential Intesa bid
Generali is understood to be mulling an increase in its proposed 2019 target for cost cuts from that of 4% to between 6% and 7%, in a bid to counter a potential takeover attempt by Italian banking giant Intesa Sanpaolo, according to sources. (FT)

PIRC urges shareholders to vote against Franklin Templeton bonus
Pensions & Investment Research Consultants has urged the shareholders of Franklin Templeton to oppose the asset manager’s decision to pay a $3.3bn cash bonus to chief executive Gregory Johnson last year. (FT)