We had been negative on the bonds early on and had not been fans of the business model, which has seen too much of its value added replicated by nimbler online competitors to cope with its vast capital
Read MoreBusiness at the company has gone from bad to worse this summer and the fresh cash needed has kept rising, including an additional £200m requested earlier this month.
Read MoreSarria view: Remain positive on the Casino debt structure and the potential asset sales confirms Casino’s wish to de-lever and improve liquidity at Casino level.
Following press speculation in
Read MoreAP have announced the transfer of Intralot’s 20% in Hellenic Lotteries has become effective.
Thus the
Read MoreWe have been oscillating over this issue when it emerged that the SoA would only be used to set the voting thresholds lower.
As per our initial deliberations, the CH15 filing
Read MorePlease note that Purdue Pharma have applied for CH 11 yesterday evening. The states of New York, North Carolina and Massachussetts were holding out to go after the
Read MoreFurther to Tomas’ mail on our build-up in Teva, Healthcare continues to dominate the US candidate debate.
Read MoreFollowing Schmolz & Bickenbach’s second profit warning yesterday, some macro implications for Germany and Europe:
- To drop H219 EBITDA from E70m (on volumes of -10% Y0Y) to
Read MoreSome take aways from New Look’s call today:
- Clearly the retail environment is tough on every player (except Zara), not just New Look.
- Management are executing the changes that were advertised, even if we felt that some
Read MoreWe knew tis was going to be a challenging quarter, but there is simply very little gloss to put on New Look’s results through June.
Results:
Read MoreYesterday evening Vallourec announced a new 5yr Contract with ADNOC. This is positive news for the name especially in current oil price environment. This contract will be
Read MoreOn Friday HEMA announced a new partnership with Franprix (Casino) under which HEMA will be wholesaler to Franprix, supplying the French retailer with its range of non-food products. Financial details of
Read MoreA stroll down the high streets of west London alone confirms the dire state of British retail. Shop fronts remain boarded up for years now, clearly unable to find a tennant in a market with static supply and ever decreasing demand
Read MoreThomas Cook applied to the Courts on Friday 30th August, with previously unreleased details emerging. Below is further detail. We will send a restructuring model and recovery calculations tomorrow.
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