Pru to face shareholder revolt - papers

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Prudential chairman Harvey McGrath will face a 20% vote against him renewing his role in the company at the group's AGM on Thursday.

The shareholders' ire was sparked by the Pru's failed attempt to take over rival AIA, the Telegraph reports. Fund manager Fidelity, which has a 1.76% stake in the Pru, is also planning to vote McGrath out, CityAM reports. Read more here Brown warns credit crunch was ‘trailer' to series of crises Former prime minister Gordon Brown has warned the collapse of the banks was just the first in a series of international crises. He said global banking systems remain "perilously unregulated" and called on world leaders to collaboratively legislate against further collapses, the Daily ...

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