Housebuilders drag London markets down as investors flee stocks January 24, 2022 London markets took a beating yesterday driven lower by most sectors tumbling as investors fled stock markets on US Fed rate hike fears. The capital’s premier FTSE 100 index closed 2.63 per cent lower at 7,297.15 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, lost 3.64 [...]
Activist investor Trian takes stake in Unilever as pressure builds on Alan Jope January 23, 2022 Activist hedge fund Trian Partners has reportedly taken a stake in Unilever as investors continue to pile pressure on beleaguered boss Alan Jope.
Activist investor Trian takes stakes in Invesco and Janus Henderson October 2, 2020 Activist investor Trian Fund Management has reportedly taken stakes in Invesco and Janus Henderson with plans to pursue further deals. Trian has built stakes in both Invesco and Janus enderson of 9.9 per cent, with the positions accounting for a combined $900m (£700m), according to the Wall Street Journal. The money reportedly comes from a [...]
Ferguson profit rises as plumbing group looks to separate UK business December 3, 2019 Plumbing parts distributor Ferguson enjoyed rising profit after residential housing activity in the US improved. The London-listed firm said it was still on track to split off its UK business, as it pivots to focus on the US market. Shares fell 1.8 per cent this morning. Read more: Ferguson suffers investor revolt over executive pay [...]
WTF? Procter & Gamble looks to trademark millennial-friendly acronyms like LOL and NBD August 24, 2018 Consumer goods titan Procter & Gamble has reportedly applied to trademark millennial-friendly phrases such as 'WTF', 'LOL' and 'NBD'. It filed the trademark with the US Patent and Trademark Office in April, and if successful will mean the company can use the acronyms to market its products. The company wants to use the phrases on air [...]
Trian takes $3.5bn stake in P&G February 14, 2017 Trian Fund Management has disclosed that it bought a $3.5bn stake in Procter & Gamble, maker of Gillette razors and Crest toothpaste. The move makes Trian the second activist shareholder to become involved in the consumer products giant in the last five years, and it is now the largest stakeholder in P&G by some margin. Read [...]
Revenue jumps at advertising giant WPP following battle over Sir Martin Sorrell’s £63m pay deal April 28, 2016 Revenue spiked at advertising giant WPP in the first three months of the year, jumping 10.5 per cent to £3.1bn, well above forecasts off the back of strong performance in North America. The figures Reported revenue climbed 10.5 per cent in sterling terms to £3.1bn. On a constant current basis, revenue was up nine per cent [...]
World oil rally pushes Wall St acceleration – New York Report October 5, 2015 RISING oil prices boosted energy stocks in the US yesterday, with the S&P 500 up for a fifth day in a row for the first time this year, while investors also bet the Federal Reserve would delay raising interest rates until 2016. The Dow Jones industrial average rose 304.06 points, or 1.85 per cent, to [...]
FTSE 100 bosses and executive pay review has share awards in its sights September 9, 2015 You could almost hear the sighs of exasperation around the City this week as yet another review of boardroom pay was unveiled. The weariness was understandable – myriad studies of executive remuneration have gathered dust for years, even as FTSE-100 pay soared to fresh heights. There is no guarantee that this one, spearheaded [...]
Cadbury’s raider Nelson Peltz loses first ever boardroom vote over DuPont split May 13, 2015 Veteran corporate raider Nelson Peltz, who once besieged British chocolate maker Cadbury, lost a bitter boardroom battle for control of a US chemicals giant yesterday – his first defeat in a decade. Peltz, 74, lost a shareholder vote on his plans to overhaul the board of DuPont, a two century old company with offices in [...]