Cheap London firms in crosshairs of trigger-happy activist investors in 2024 January 10, 2024 Activist investors are circling the London Stock Exchange this year in a bid to capitalise on the “significant valuation gap” facing UK firms, a new report has claimed.
Troubled Entain appoint Wall Street activist to board in bid to soothe investor unrest January 3, 2024 Entain has appointed Eminence Capital founder Ricky Sandler to a non-executive role on its board of directors.
FTSE 100: London climbs to three-month high after Christmas break December 28, 2023 London’s top index moved 0.36 per cent , or 27.44 points higher, to finish at 7,724.95.
FTSE climbs despite Bank’s wobble on interest rate cuts December 14, 2023 The FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.
Ladbrokes owner Entain’s chief exec walks following £615m bribery fine December 13, 2023 The chief executive of Entain is to depart following the resolution of a bribery scandal at its former Turkish business.
Entain’s £585m fine shows flourishing ‘maturity’ of Crown Prosecution Service December 6, 2023 Corporations need to be wise to the fact that a deferred prosecution agreement (DPA) can come from all prosecuting bodies, not just the Serious Fraud Office (SFO), warns lawyer. News broke that the company behind Coral and Ladbrokes will pay £585m after a probe into alleged bribery at a former Turkish subsidiary. The DPA action [...]
Entain: Coral and Ladbrokes owner to pay £585m after bribery investigation November 24, 2023 Entain said it had reached an agreement with HM Revenue & Customs which would see it paying £585 million in penalties and disgorgement of profits.
Entain shares bounce as activist investors pile on pressure November 23, 2023 The activist investors are concerned for Entain’s recent poor performance in its core markets and the ability of its chief executive.
Ladbrokes-owner Entain shares take hit after £45m loss November 2, 2023 Entain shares fell as much as five per cent on Thursday after the Ladbrokes owner suffered from weak sport revenues.
FTSE 100 close: London rallies after Bank of England holds interest rates November 2, 2023 The blue-chip FTSE 100 rose 1 per cent to 7,418.89 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, rose 1.6 per cent to 17,465.50.