The Works shares jump after activist investor ups stake Retail Shares in The Works jumped on Monday morning after a well-known small cap activist investor upped its stake in the retailer. The high street staple, which has more than 500 stores across the UK, had been trading with a market cap of just £20m despite turning over more than £250m annually. According to activist investor [...]
Howden: Insurance giant set for US deal and £23bn stock market float – report insurance Insurance giant Howden is reportedly set for a US takeover deal which could lead to a £23.2bn stock market float, according to Sky News. The British insurance broker, founded by David Howden, anticipates finalising a £7.73bn ($10bn) takeover of American private insurance broker and risk management adviser, Risk Strategies, in the next few weeks, the [...]
Activist investor Kelso gains board seats at The Works as it tries to enhance shareholder value Activist investor Kelso chief John Goold and chief financial officer Mark Kirkland have gained non-executive director positions, and will focus on "all matters relating to shareholder value."