An agency spokesman said when the agency was closed next spring, the wave hub would continue as a stand-alone company.

BBC: Sea bed wave energy hub not yet used

There is a lot of talk about a great wave of shareholder activism against excessive executive pay, a so-called Shareholder Spring - and there has been a 100% increase in the number of rejections by investors of FTSE 100 companies' remuneration policies, from just one decisive rebellion, in some years, to a grand total of two this year.

BBC: The price of Sir Martin Sorrell��s ?6.8m