London Stock Exchange Group has suffered a rebellion over pay.
At the company’s AGM, 30 per cent of shareholders voted against plans to raise the pay of chief executive David Schwimmer from £5.1million to £7.8million this year.
It came as the group reported a strong start to the year as it cashed in on market volatility.
The company, which runs the London Stock Exchange, said first quarter income rose 7.8 per cent to £2.3billion with its markets division enjoying 13.5 per cent growth.
But shares fell 2.3 per cent, or 265p, to 11,360p.
Pay hike: London Stock Exchange shareholders voted against plans to raise the pay of chief exec David Schwimmer (pictured) from £5.1m to £7.8m this year
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