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Activist investors turn up the heat as green campaigns reach record high
by cityam
Charlie Conchie
SHELL, BP and Barclays have felt the wrath of activist investors this year as corporate pressure campaigns are launched in record numbers across Europe, new research shows.
The number of activist campaigns in Europe has climbed each month this year to a total of 25 campaigns by May, fuelled by a spike in environmental campaigns calling for more ambitious action, according to research from Alvarez & Marsal.
The growing momentum bucks the trend of previous years where new campaigns dipped after AGM season, typically, and March and April.
Malcolm McKenzie, a managing director at A&M, said campaigns were likely to continue to rise this year as uncertainty in the market eases in the second half of the year.
“Management teams should expect significantly increased levels of shareholder scrutiny in the coming months and, with even more funds taking activist positions, anticipate
