Fans of board room drama should get their fill of thrills on Monday at the annual general meeting of insurance giant Prudential, where Tidjane Thiam and Harvey McGrath, the management duo responsible for Prudential's failed attempt to buy AIG's Asian business, are expected to come under fire.Neither man seems willing to fall on his sword, judging by recent press interviews.
Chief executive Thiam told the Telegraph, "It is a clever thing to try and connect my inability to seal a $35bn deal with my broad ability to run a company, but it is a fallacy."
Chairman McGrath was even more forthright in his own defence in the FT.
"There are a couple of shareholders calling for change, but they are outliers," he said in an interview. "The vast majority of our biggest investors are saying they don't want to see change at the top. They are supportive of management and of Tidjane to drive the performance of the group."
At the meeting, Prudential's shareholders will also have the opportunity to voice publicly their opinions over the series of events that eventually saw the life group drop its planned $35.5bn purchase of AIG's Asian arm (AIA).
Dropping the AIA offer means the Pru will have pay advisory and penalty costs of £450m.
Those costs also prompted ratings agency Standard & Poor's to keep the Pru on credit watch with "negative implications" even though the collapse of the AIA deal removed a key reason why it decided to review its stance.
The £450m could "exacerbate pre-existing pressures on cash flow and funding metrics," S&P said.
On the trading front a number of familiar names from the High Street – plus online retailer ASOS - will be giving trading updates.
Newsagent WH Smith is first in to bat on Tuesday, still smarting from recently being voted the worst retailer for customer service.
Online clothes retailer ASOS reports on Wednesday where it will be seeking to shake off a growing perception that the days of exceptional sales growth are in the past.
Argos and Homebase owner Home Retail weighs in on Thursday. B&Q ownerKingfisher moaned on Thursday about adverse weather conditions hitting first quarter performance and Home Retail is likely to voice similar grumbles.
Monday June 07
INTERIM DIVIDEND PAYMENT DATE
Baronsmead VCT 2, Lok'n Store Group, Smart (J) & Co.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Credit (US) (20:00)
Factory Orders (GER) (11:00)
Unemployment Rate (EU) (10:00)
GMS
imJack, Nippon Telegraph & Telephone Corp., Prudential, Total Systems
FINALS
E2V Technologies, Latchways, Phoenix IT Group, Prologic, UBC Media Group, Vectura Group, Workspace Group
ANNUAL REPORT
Nostra Terra Oil and Gas Company, Transense Technologies
EGMS
China Real Estate Opportunities
AGMS
Afren, Ashley (Laura) Holding, Beowulf Mining, Climate Exchange, IGas Energy, Lamprell, London and Associated Properties, Prudential, Walcom
TRADING ANNOUNCEMENTS
IG Group Holdings
FINAL DIVIDEND PAYMENT DATE
Michael Page International, Robinson
Tuesday June 08
INTERIMS
Alternative Networks, Gooch and Housego
QUARTERLY EX-DIVIDEND DATE
Canadian General Investments
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
ABC Consumer Confidence (US) (22:00)
Balance of Trade (GER) (07:00)
Current Account (GER) (07:00)
Industrial Production (GER) (11:00)
GMS
Brightside, Capital & Regional
FINALS
Advanced Computer Software, Carclo, Hyder Consulting, Penna Consulting, Renold, Sepura, Sirius Real Estate Ltd., Ten Alps, Umeco, VP
ANNUAL REPORT
E2V Technologies, Maypole Group
AGMS
Andrews Sykes, Asterand, Augean, Axis Bank GDR (Reg S), Bisichi Mining, Gresham Computing, Hon Hai Precsn GDR (Reg S), Maven Income and Growth VCT 2 , REA Holdings, Witan Pacific Inv Trust
TRADING ANNOUNCEMENTS
Aggreko
UK ECONOMIC ANNOUNCEMENTS
BRC Sales Monitor (11:00)
FINAL DIVIDEND PAYMENT DATE
Interserve
Wednesday June 09
INTERIMS
Aminex
INTERIM EX-DIVIDEND DATE
Albion Income & Growth VCT, Daily Mail and General Trust, Hargreave Hale AIM VCT 1, Jersey Electricity 'A', Redhall Group, Scottish Inv Trust, Shaftesbury, Superglass Holdings, Victrex, Zytronic
QUARTERLY PAYMENT DATE
Royal Dutch Shell 'A', Royal Dutch Shell 'B'
QUARTERLY EX-DIVIDEND DATE
British Assets Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Beige Book Fed Survey (US) (19:00)
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Wholesales Inventories (US) (15:00)
FINALS
ASOS, Brulines, First Property Group, Focus Solutions, Hampson Industries, Intelek, Puma VCT I
ANNUAL REPORT
Hiscox
EGMS
Perpetual Income & Growth Inv Trust
AGMS
Aminex, Antofagasta, Eurasian Natural Resources, Gem Diamonds, Hiscox, Irish Continental Group Units, JD Sports Fashion, JSC Bank of Georgia GDR (Reg S), Liberty, London Security, Mears Group, Puma VCT V, Soco International
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
BRC Shop Price Index (00:01)
FINAL DIVIDEND PAYMENT DATE
Capital Shopping Centres Group, Matrix Income & Growth 4 VCT, Morrison (Wm) Supermarkets, PV Crystalox Solar
FINAL EX-DIVIDEND DATE
Aberdeen New Thai Inv Trust, Albany Inv Trust, Albion Protected VCT, Big Yellow Group, Cable & Wireless Communications, Cable & Wireless Worldwide, Camellia, Cineworld Group, Framlington AIM VCT 2, Hargreave Hale AIM VCT 2, Johnson Matthey, May Gurney Integrated Services, Mckay Secs., Mears Group, Melrose Resources, Northern Investors Co., Octopus Apollo VCT 1, Octopus Apollo VCT 2, Octopus Eclipse VCT 2, Printing.com, Restaurant Group, Ukrproduct Group, Young & Co's Brewery 'A'
Thursday June 10
INTERIM DIVIDEND PAYMENT DATE
WH Smith
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (US) (13:30)
Consumer Price Index(GER) (07:00)
Continuing Claims (US) (13:30)
ECB Interest Rate (EU) (12:45)
Initial Jobless Claims (US) (13:30)
Leading Indicator Index (JPN) (05:00)
RBA Bulletin (AUS) (00:00)
Treasury Budget Statement (US) (19:00)
FINALS
Elektron, Halfords Group, Park Group, Tricorn Group, Wincanton
IMSS
Home Retail Group
SPECIAL DIVIDEND PAYMENT DATE
Antofagasta
AGMS
Alexander Mining, Ariana Resources, Cayenne Trust, Eastern Platinum, Hansteen Holdings, Integrated Asset Management, Lifeline Scientific Inc. (Reg S), Melrose Resources, MWB Group Holdings Uts, NetDimensions, Prezzo, ProVen Health VCT, Source BioScience, Titanium Resources, Trader Media East GDR (Reg S)
TRADING ANNOUNCEMENTS
PZ Cussons
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)
FINAL DIVIDEND PAYMENT DATE
Antofagasta, Macfarlane Group, Tomkins
Q1
Premier Farnell
Friday June 11
INTERIM DIVIDEND PAYMENT DATE
British Empire Securities & General Trust, Smiths News
QUARTERLY PAYMENT DATE
Carnival
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Inventories (US) (13:30)
Retail Sales (US) (13:30)
Retail Sales Inventories (US) (15:15)
U. of Michigan Confidence (US) (15:00)
Q4
Queen's Walk Investment Ltd.
GMS
OPD Group
FINALS
Alpha Tiger Property Trust, Fuller Smith and Turner, Polar Cap Technology Trust, Queen's Walk Investment Ltd.
ANNUAL REPORT
Cyprotex
EGMS
Comstar UTS GDR (Reg S), RGI International
AGMS
Aqua Resources Fund, Banco Santander SA, Datang Intl H, Dexion Absolute EUR Shares, Dexion Absolute GBP Shares, Dexion Absolute USD Shares, Kentz Corporation, M. P. Evans Group, Mariana Resources, OAO Severstal GDR (Reg S), OPD Group
UK ECONOMIC ANNOUNCEMENTS
Industrial Production (09:30)
Manufacturing Production (09:30)
Producer Price Index (09:30)
FINAL DIVIDEND PAYMENT DATE
Clarkson, Corin Group, JKX Oil & Gas, Nestor Healthcare, Porvair, ProVen Health VCT, Rightmove, SPARK VCT, Wellstream Holdings
Q1
OJSC Magnitogorsk Iron & Steel GDR (Reg S)
Andrews Sykes, Asterand, Augean, Axis Bank GDR (Reg S), Bisichi Mining, Gresham Computing, Hon Hai Precsn GDR (Reg S), Maven Income and Growth VCT 2 , REA Holdings, Witan Pacific Inv Trust
TRADING ANNOUNCEMENTS
Aggreko
UK ECONOMIC ANNOUNCEMENTS
BRC Sales Monitor (11:00)
FINAL DIVIDEND PAYMENT DATE
Interserve
Wednesday June 09
INTERIMS
Aminex
INTERIM EX-DIVIDEND DATE
Albion Income & Growth VCT, Daily Mail and General Trust, Hargreave Hale AIM VCT 1, Jersey Electricity 'A', Redhall Group, Scottish Inv Trust, Shaftesbury, Superglass Holdings, Victrex, Zytronic
QUARTERLY PAYMENT DATE
Royal Dutch Shell 'A', Royal Dutch Shell 'B'
QUARTERLY EX-DIVIDEND DATE
British Assets Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Beige Book Fed Survey (US) (19:00)
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Wholesales Inventories (US) (15:00)
FINALS
ASOS, Brulines, First Property Group, Focus Solutions, Hampson Industries, Intelek, Puma VCT I
ANNUAL REPORT
Hiscox
EGMS
Perpetual Income & Growth Inv Trust
AGMS
Aminex, Antofagasta, Eurasian Natural Resources, Gem Diamonds, Hiscox, Irish Continental Group Units, JD Sports Fashion, JSC Bank of Georgia GDR (Reg S), Liberty, London Security, Mears Group, Puma VCT V, Soco International
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
BRC Shop Price Index (00:01)
FINAL DIVIDEND PAYMENT DATE
Capital Shopping Centres Group, Matrix Income & Growth 4 VCT, Morrison (Wm) Supermarkets, PV Crystalox Solar
FINAL EX-DIVIDEND DATE
Aberdeen New Thai Inv Trust, Albany Inv Trust, Albion Protected VCT, Big Yellow Group, Cable & Wireless Communications, Cable & Wireless Worldwide, Camellia, Cineworld Group, Framlington AIM VCT 2, Hargreave Hale AIM VCT 2, Johnson Matthey, May Gurney Integrated Services, Mckay Secs., Mears Group, Melrose Resources, Northern Investors Co., Octopus Apollo VCT 1, Octopus Apollo VCT 2, Octopus Eclipse VCT 2, Printing.com, Restaurant Group, Ukrproduct Group, Young & Co's Brewery 'A'
Thursday June 10
INTERIM DIVIDEND PAYMENT DATE
WH Smith
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (US) (13:30)
Consumer Price Index(GER) (07:00)
Continuing Claims (US) (13:30)
ECB Interest Rate (EU) (12:45)
Initial Jobless Claims (US) (13:30)
Leading Indicator Index (JPN) (05:00)
RBA Bulletin (AUS) (00:00)
Treasury Budget Statement (US) (19:00)
FINALS
Elektron, Halfords Group, Park Group, Tricorn Group, Wincanton
IMSS
Home Retail Group
SPECIAL DIVIDEND PAYMENT DATE
Antofagasta
AGMS
Alexander Mining, Ariana Resources, Cayenne Trust, Eastern Platinum, Hansteen Holdings, Integrated Asset Management, Lifeline Scientific Inc. (Reg S), Melrose Resources, MWB Group Holdings Uts, NetDimensions, Prezzo, ProVen Health VCT, Source BioScience, Titanium Resources, Trader Media East GDR (Reg S)
TRADING ANNOUNCEMENTS
PZ Cussons
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)
FINAL DIVIDEND PAYMENT DATE
Antofagasta, Macfarlane Group, Tomkins
Q1
Premier Farnell
Friday June 11
INTERIM DIVIDEND PAYMENT DATE
British Empire Securities & General Trust, Smiths News
QUARTERLY PAYMENT DATE
Carnival
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Inventories (US) (13:30)
Retail Sales (US) (13:30)
Retail Sales Inventories (US) (15:15)
U. of Michigan Confidence (US) (15:00)
Q4
Queen's Walk Investment Ltd.
GMS
OPD Group
FINALS
Alpha Tiger Property Trust, Fuller Smith and Turner, Polar Cap Technology Trust, Queen's Walk Investment Ltd.
ANNUAL REPORT
Cyprotex
EGMS
Comstar UTS GDR (Reg S), RGI International
AGMS
Aqua Resources Fund, Banco Santander SA, Datang Intl H, Dexion Absolute EUR Shares, Dexion Absolute GBP Shares, Dexion Absolute USD Shares, Kentz Corporation, M. P. Evans Group, Mariana Resources, OAO Severstal GDR (Reg S), OPD Group
UK ECONOMIC ANNOUNCEMENTS
Industrial Production (09:30)
Manufacturing Production (09:30)
Producer Price Index (09:30)
FINAL DIVIDEND PAYMENT DATE
Clarkson, Corin Group, JKX Oil & Gas, Nestor Healthcare, Porvair, ProVen Health VCT, Rightmove, SPARK VCT, Wellstream Holdings
Q1
OJSC Magnitogorsk Iron & Steel GDR (Reg S)
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