Elliott takes up £3.8bn stake in BP February 13, 2025 Notorious activist investor Elliott Management has taken up a £3.8bn stake in BP, becoming the ailing oil major’s third-largest shareholder, according to reports. The US fund’s investment in the London-listed petrochemical giant emerged last weekend, shortly before BP reported an anaemic set of full-year results that saw its profit slump to $8.9bn (£7.9bn). The earnings [...]
Rentokil returns to growth after activist investor scuffle October 17, 2024 Pest-control company Rentokil has reported an uptick in revenue as it grapples with the after-effects of a profit warning and activist investor backlash. The firm told markets this morning that revenue grew by 3.6 per cent year on year in the three months to 30 September, from £1.39bn to £1.44bn. Shares in the company rose [...]
Activist investors call for shake-up at Rentokil after share price tumble September 15, 2024 Nelson Peltz’s activist hedge fund Trian Partners is among the shareholders reportedly calling for a shake-up at pest control firm Rentokil after a severe drop in its share price. Trian Partners, which has built a fearsome reputation for waging activist campaigns on global boardrooms, has held urgent meetings with Rentokil’s chief executive and chairman to [...]
Unilever considers sale of Kate Somerville’s skincare line August 27, 2024 Kate Somerville’s premium skincare brand has become the latest Unilever brand to go up for sale as the group continues its restructuring plan announced earlier in the year. As well as Somerville’s eponymous facialist line, which the FTSE-100 giant has owned since 2015, it is also looking to offload sensitive-skincare specialist REN Skincare, according to [...]
Rentokil shares spike 11 per cent after BT boss eyes takeover July 22, 2024 Philip Jansen, the former chief of BT Group, is eyeing a bid to take over FTSE 100 pest control firm Rentokil Initial, according to reports.
Unilever: Magnum and Dove maker ‘to cut over 3,000 European jobs’ July 12, 2024 Unilever is planning to cut more than 3,000 jobs based at its offices across Europe by the end of 2025, according to reports.
Rats! Rentokil London future in doubt after Nelson Peltz builds a stake June 12, 2024 Trian Partners, founded by Peltz, told Bloomberg News it had reached out to the Crawley-based pest-exterminator with ideas to “improve shareholder value” after building a stake that put it among the top 10 shareholders in the firm.
Disney streaming turns profit for first time since launch on back of the Bear May 7, 2024 This comes after Disney's streaming service has lost around $11bn since launching in 2019, including $587m (£467.58m) a year earlier, in the same period.
The week that was: EVs out of juice, star investors struggle and rate expectations April 6, 2024 Rate expectations, EV sales stalling and one investor losing out on his fairy-tale ending: we review another busy week in business.
Disney Plus follows Netflix with password sharing crack down April 5, 2024 Disney Plus, the company's streaming business, is seeking to reverse heavy losses and dwindling subscribers.