Round up - June 26

Stuart Rose faces shareholder revolt at M&S annual meeting

The Guardian

Marks & Spencer shareholders, including Legal & General, are being urged to vote against Sir Stuart Rose at next month's annual meeting. This comes after allegations that his promotion to executive chairman contravenes the City code on boardroom standards.

Research group Pensions and Investment Research Consultants has advised its clients - who include many local authority pension funds and faith-based investors - to show their disapproval of Rose's new role

Cowdery denied B&B access

Financial Times

Clive Cowdery has been denied access to Bradford & Bingley’s books to carry out due diligence as part of his proposed rescue plan for the embattled mortgage lender.

Fed sits tight as ECB chief signals rate rise

Financial Times

The Federal Reserve indicated growing fears about inflation relative to growth.

US interest rates however were kept at 2pc.

Barclays’ bosses await vindication

Financial Times

Barclays has boosted its capital reserves by unveiling a £4.5bn share issue in an attempt to put investors’ minds at ease.