Bloody noses for Indivior and BAE

BAE Systems and Indivior were given bloody noses by investors yesterday.

Pharma group Indivior suffered a 38.3pc vote against its pay report at its annual general meeting, while the defence giant’s was opposed by 23.4pc. Indivior was criticised for letting disgraced former boss Shaun Thaxter keep 1.1m shares potentially worth £1.7m.

The 53-year-old was handed a six-month jail sentence last year after pleading guilty to sharing misleading safety information about anti-opioid addiction drug Suboxone.

Meanwhile, BAE has attracted criticism for handing a £2m share award and pay rise to boss Charles Woodburn, to stop the 50-year-old being poached.

He can receive the award if he stays at BAE for three years. But advisory group ISS said Woodburn’s award was ‘well outside market norms’.