Top shareholds back Easyjet board

EasyJet founder Sir Stelios Haji-Ioannou’s battle with the airline’s board was dealt a blow today after its bosses won the support of the carrier’s three largest institutional shareholders.

Standard Life, Sanderson Asset Management and M&G, whose holdings account for 17.54% of the airline’s shares, will all vote in favour of the board and its remuneration report at the carrier’s annual meeting next week, according to reports.