The update for its annual shareholder meeting said JD continued to show positive comp store sales in its core U.K. and international businesses, and that it was encouraged by trading developments in the U.S. However, it faces opposition from independent shareholders over a £6 million bonus payout to chairman Peter Cowgill, who has largely been the architect of JD’s recent success.

Their opposition is very likely to be symbolic, as Pentland remains the 57% controlling investor in Sir Sneaker and it seems unlikely that the bonus hasn’t been approved already by it. Now that he is operating across the Pond, Cowgill ... Log in to view full article.