Public Markets 3h Briefing
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Corporate Governance
Phillips 66 ft.com changed its board to avoid a new proxy battle with Elliott, brokering peace and drawing a line under one of the activist hedge fund's most bitterly fought recent campaigns.
Commodity Pressures
The Iran crisis ft.com stokes fears among UK farmers over higher fertiliser costs, potentially adding to recent woes from poor harvests and a five-year-low wheat price.