PERSIMMON PLC - THE CHARTS

Housebuilder Persimmon is facing a shareholder revolt after the National Association of Pension Funds urged investors to vote against an incentive plan that eventually could net four of the FTSE 100 housebuilder's top directors up to £10m in shares, reports the Times.

NAPF said that it had "serious concerns" about the proposals, which could award a maximum total of 775,000 shares to John White, the chief executive, who is poised to take the chairman's role; Mike Farley, Mr White's successor; Mike Killoran, the finance director; and David Bryant, another director.