INTU Debentures, under their new Asset Manager, Pradera Lateral, presented their 3yr Business Plan. As a reminder, INTU Debentures Occupancy rates
Read MoreAway from Casino/Rallye news, Carrefour reported positive Q1 sales numbers yesterday and stated it was confident of higher profit and
Read MoreToday is the big day. Fresh lines to be drawn to repay the 23s tomorrow ahead of deadline the day after. We understand the challenge in Frankfurt is still
Read MoreVonovia have sold a €1.1bn residential portfolio to Apollo at -5% discount to NAV including a buy-back option. We / the market sees this as a strong result. High-
Read MoreIceland received the required consent from bondholders to extend the deadline for releasing their fully audited numbers. As a reminder, Iceland is changing their
Read MoreKantar figures for the four weeks to 16 April are out. Grocery inflation is slowing, and the comps will start to get easier from June. The market share gains by
Read MoreThe closure of Ocado’s Hatfield CFC, will have a small impact on the company. New capacity (particularly at Luton) will be able to pick up the
Read MoreFollowing the end of the consultation period, Steinhoff have settled to award 20% of future equity in the form of contingent value rights to its current shareholders,
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The fresh cash will be drawn tomorrow to pay down the €500m 23s and Rödel & Partner will be auditing ARE going forward. The 2022 financials presented today
Read MoreThe UK REIT, Supermarket Income REIT, has just purchased a Tesco store comprising of a supermarket, forecourt and online hub for Tesco which
Read MoreThe company has refused a recent request from a group of shareholders for a General meeting. The shareholders had requested the ability to appoint
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United Group (UG) has confirmed that the €1.22bn proceeds from the Tower sale will refinance the €1.075bn 2024/2025 bonds. The remaining proceeds will repay part of
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The cosmetics MLM company reported disappointing Q1 results today. We had generally been more bearish than most funds we spoke to, but the results certainly
Read MoreAdler have made an announcement according to which the group is (just) not balance sheet insolvent following
Read MoreJLR shared in a circular to the media its commitment to the UK and electrification. The headline numbers are staggering, with an investment of £15bn over the next 5 years. However,
Read MorePepco Poundland have put forward another strong quarter of growth, even as LfL at constant currency its Pepco stores generated only 31% growth, vs.
Read More"There's a reason Lufthansa has expressed interest before and if Covid hadn't happened the two airlines would already be together” said the German
Read MoreThe recycling of capital from tower infrastructure into fibre by VMED O2 is a well-trodden path. If VMED 0@ sold all of its towers stake, it could
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