Being a slow-moving underlying business, quarterly figures did not deviate far from projections, which themselves were closely guided already. The call did
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The pay equality claim by ASDA staff is in court in early September, and the successful claim by Next staff will weigh on ASDA bonds. However, the case has
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Q2 results from Atalian were weaker than expected due to continued difficulties passing through higher costs in the French business. Full-year guidance has
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Management believes they have reached a turning point in the real estate market, with capital markets opening, reducing revaluation losses, and
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Q2 24 revenue aligned with our forecasts with OCF €20m below our forecast of €155m. TV RGU losses and Broadband adds were in
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Cash Flows were broadly in line with our expectations and the refinance of SEK8.6 of bank debt at the 49% owned Nordiqus (EduCo) level is
Read MoreThe IT issues at George are an embarrassment, but are pretty inevitable given the scale of the IT projects. The George issue is not a concern on
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The asset sale target of €600m - €900m for 2024 has been reaffirmed; this is encouraging, but year-to-date external sales have been dominated by
Read MoreIt seems that the institution of an independent monitor to remedy its license breach and avoid losing its investment-grade credit ratings is
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Upfield reported its Q2 2024 financial results yesterday and followed up with a call. In general, the quarter was below our estimates (with the exception of margins) with the
Read MoreNobody is surprised by the poor performance of ASDA in the 12 weeks to August 10th. Meanwhile, our thesis on the company is unchanged; as the cost-of-living crisis
Read MoreThe proposed MBO backed by Brookfield appears to be making further progress, with Brookfield seeking bank financing of up to
Read MorePunch Pubs has announced that Andy Spencer, currently Chief Operating Officer, has been appointed as Chief Executive Officer. He will assume
Read MoreKP released preliminary trading results in which the Company have guided to higher Adj. EBITDA for Q2 and to the higher end of
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The Belgium paper, De Tijd reported yesterday that the government in the Belgian region of Flanders is considering banning nursing home
Read MoreStefan Schellinger was CFO at ContourGlobal when it was taken private by KKR in 2022. Reservoir Capital held 70% of ContourGlobal when KKR bough
Read MoreThe sale by Immofinanz (majority owned by CPI) is only €27m but is above book value. The CEE property market is still
Read MoreThe Four Seasons is cutting room rates to boost occupancy in its Canalejas hotel. Potential buyers for this prime real estate are unlikely to
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