Legal & General has reportedly changed its previous position and could oppose Murdoch’s re-election at the Sky AGM, which takes place tomorrow. Kames Capital owns 1.6% of Sky and will also reportedly join the ranks of those not prepared to back Murdoch.
The news follows advice from the Pensions & Investment Research Consultants (PIRC), which earlier this month advised investors to vote against re-electing James Murdoch. Since that point, Murdoch has stepped down from the board of the operating companies of News Corp’s UK newspapers The Sun and The Times.
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