The closure of a facility by Avara underlines the warning about profitability made by Ranjit Boparan earlier this week. Fuel/ labour and commodity cost
Read MoreTullow are holding their AGM today (11 am) and released a short trading statement,in line with our model and Company guidance. Points to not
Read MoreOcado looks likely to exit the FTSE 100 index this week. Our analysis does not predict the need for an equity raise, but the process of tapping institutional
Read MoreTullow has lost its partners in Kenya. Africa Oil and Total Energies have withdrawn from Kenya to focus on other areas of exploration, namely West Africa. Tullow’s working
Read MoreAltice UK, the related entity to Altice France and Altice International, has increased its stake in BT Group from 18% to 24.5%. Altice UK has restated its position to the board of BT that it does not intend to make an offer for BT. Drahi’s investment vehicle
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Amazon Prime’s increase in the minimum spend to qualify for free delivery from Morrisons is small in terms of direct impact, but it does indicate a direction of
Read MoreThe RE 24s continue on their way to being taken out early, allowing the substitution of this capital on more attractive terms via the new money. The subsidiary
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The deepening relationship between Geely and AML is a more important signal than the £94m of additional capital from new shares. Geely will now have a
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Elior is making progress on cost recovery, but the process isn’t quick. Our concern about Elior is the ability to achieve inflationary price rises. H1 was
Read MoreCasino has extended the solicitation period until 23rd May to seek consent from bondholders to enter conciliation proceedings and not
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Nidda beat our top-line forecast by €30m, generating €1,041m, and a Gross Margin of 46% was above our forecast. However, higher
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Vallourec continues on its path back to Investment Grade and it is its call constraint nature that is keeping the bonds at 8.5% yield. All metrics point to a return to
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Please find our updated analysis here.
SBB faces the same debt maturity issues as the rest of the Real Estate industry. Having gorged itself on cheap debt, SBB is now being squeezed by higher borrowing rates and lower valuations. For now, SBB has sufficient liquidity to continue financing its
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