ABI's 'red alert' intensifies investor pressure on Morrison

The Association of British Insurers has joined the growing shareholder revolt against the leadership of Sir Ken Morrison at Morrisons, the struggling supermarket chain that he chairs.

The ABI, whose members account for 20 per cent of investments in the London stock market, has "red topped" its report on Morrisons ahead of the retailer's annual shareholder meeting on May 26. A red top alerts investors to serious breaches of corporate governance best practice.

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