Friday Briefing: Shareholders are taking the gloves off in this year's AGM season

Friday Briefing

Now that ISA season has closed for the 2024 period, the next AGM spell is approaching and already it appears to be a highly contested one, based on the snippets we have seen this week.

AGMs have long offered a barometer of the asset management industry and, arguably, the chance for shareholders to really make their voices heard. Some have become major calendar events. Berkshire Hathaway's AGM has been coined ‘Woodstock for Capitalists', which sees some 40,000 shareholders descend on Omaha, Nebraska each year to hear from the ‘Oracle'. Friday Briefing: Livin' on a prayer When times were ‘good' and markets were steadily ticking upwards, AGMs were, generally, a much more pleasant affair for firms, which could rejoice in a job well done (backing the top S&P 500 stock...