Wagamama is of course a great asset, and creating a UK restaurant group around some of its favourite foods sounds like a great idea. But we see the Pizza Express approach
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The quarter itself was a little mixed and Q4 is likely to be in line, if LfL down on the very strong Q422. Intrum’s refinancing strategy centres on liquidating (selling) its book fast enough to not
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FY23 Q4 numbers were slightly above our expectations. Management is cautiously optimistic about margin improvement and resulting deleveraging in FY24. Boparan has managed this particular conjuring trick before when a refinance is imminent. It is also in
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Heimstaden released its Q2 numbers this morning followed by their conference call at 9 am. Naturally, there is little change in the operational data, with all
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Results this quarter were again behind our expectations. Management, sounding much improved this time, outlined its cost restructuring plan, which
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This name is almost on the shelf now. We are merely waiting for
Read MoreThe latest downgrade by Moody’s will not change much for Tele Columbus. Tele Columbus was already
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Not ideal timing, but with approval for the rights issue now in place, we expect AMS Osram to launch its high-yield bond offering in the
Read MoreIt is reported in various French press that Drahi is seeking to combine SFR with its French telecom competitors. The end result is likely to be consolidation in
Read MoreEarlier this month, Heimstaden AB divested 100% of Heimstaden ehf., the entity that owned 100% of their Icelandic assets to Fredensborg AS (entity controlled by
Read MoreThe move by DT to try and win Tele Columbus (TC) over with cheap TV offers is expected. From TC’s perspective, it will still get a
Read MoreICA's (Swedish supermarket business) decision to close an e-commerce warehouse in Gothenburg, does not impact the Ocado warehouse
Read MoreThe feed price ratchet has been crucial to Boparan's efforts in rebuilding margins. However, the entire food production sector is fighting to recover other
Read MoreThe squeeze out is going ahead. Adler is spending €30m = €8.76 per ARE share for the 3.4m shares in float. We think this should also
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The retailer had a strong underlying quarter. Volumes were down but planned for, such that inventory is at -16% YoY. Average sales price was up 16% in return, yielding
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