Burberry renews its selling power – slowly. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Yesterday, luxury goods group Burberry became the latest multinational to commit itself to renewable power. It said it expects to source all of its electricity from clean energy sources by 2022.This promise does not appear to extend to its boardroom, however. Here, power has proved renewable only at very great cost – and low levels of efficiency. At tomorrow’s annual general meeting, advisory groups including ISS and the Investment Association are urging shareholders to vote against Burberry’s pay report, citing concerns over £4m of share awards for incoming finance director Julie Brown, and a big bonus for
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Burberry renews its selling power – slowly. FT Opening Quote, with commentary by...