Top fund houses urge investors to stay away from tobacco companies
A group representing fund houses which manage $3.8 trillion has urged investors to stop investing in tobacco businesses. Four members of the group - Axa, The California Public Employees' Retirement System, SCOR Global Investments, and AMP Capital - have completely exited their investments in tobacco stocks. (Guardian)

BlackRock leads investor revolt against Exxon climate disclosures
Investors with 62.3% of shares voted against the ExxonMobil management on the US oil giant’s climate change disclosures at the firm’s annual general meeting on Wednesday. (Washington Post)