Shareholders spurn hedge fund's resolutions
Shareholders have backed the board of Wyevale Garden Centres in its EGM clash with rebel shareholder Laxey.

Hedge fund Laxey had hoped to oust Wyevale chairman David Williams and install former MEPC deputy chief executive Robert Ware instead.

Both sides had locked horns over who was best placed to improve the performance of Wyevale's retail business and realise property values.

But at today's meeting in the City of London, investors stood by Williams, who said: 'It was particularly pleasing to note that, excluding Laxey Partners and Millennium Partners, over 95 per cent of shareholders who voted were in favour of the board.'

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