European Automotive sales in March are headline-grabbing but are flattered by the war and semiconductor-impacted March 2022 comparisons. However, it is the comparison to
Read MoreCMA CGM is negotiating the €5bn purchase of Bollore’s remaining Logistics assets. CMA CGM's strategy of collecting logistics assets continues. The Bollore business will
Read MoreStada is worried about losing its licence in Ukraine. Stada generates 15% of its revenue in Russia and is concerned that Ukraine will remove its Ukrainian operations licence in retaliation. Russian
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Elior shareholders have approved the stock-funded acquisition of DMS. This vote
Read MoreBaFin have approved the conditions required for the squeeze-out of Adler RE minority shareholders.
Read MorePrice support funded by sales & leasebacks is working for Morrisons. The company had the cheapest basket in a recent test shop by
Read MoreLast time we checked, the bonds had largely traded and had become illiquid. The name, therefore, has been on the shelf for a while now, but we are
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Steinhoff have extended their Consultation Period to April 17th. There will certainly be challenges coming in from the German union for small shareholders as well as
Read MoreOHLA’s successful consent solicitation allows the working capital requirement of €40m for the Services business to be provided by new lenders. It also
Read MoreAdler have won yesterday’s high court judgement for their restructuring plan - as we preciously hinted would happen. The holdout group has signalled it will be looking to appeal
Read MorePatchy news are out that Takko have reached an agreement involving a €150m debt/equity swap for the majority of shares in Takko. Missing from the information is
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Intralot have been / will be reporting their FY2022 results today. From what is out so far, the last quarter has been uneventful and caps a year that saw the
Read MoreOperational leverage comes to the fore in JLR’s preliminary Q4 numbers with sales of c.15k higher resulting in free cashflow exceeding guidance by c.£400m. Net debt ended the
Read MoreVery disappointing Kantar numbers for Casino were released yesterday showing their market share falling across all brands and especially in
Read MoreAs previously announced, AMS have sold their Digital Systems Business, including the 600 employees in the unit. This transaction closed yesterday, with all
Read MoreThe timing of the sale of Hollands/Portumna to the Boparan Private Office is curious but understandable. The going concern paragraph in the
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