A new CEO would want to implement a strategy shift away from price matching with the discounters. Still, after a poor Christmas performance
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Thank you for the participants yesterday on the Live Discussion. Please reach out to Wolfgang, wfelix@sarria.co.uk, if you have further questions .
Read MoreAs the company is negotiating the A&E, it is not surprising to see some departures from the board. Matalan is looking for a new CEO following Jo
Read MoreThe Fitch downgrade from BB- to B+ reflects the risks we highlighted in our investment memorandum. Consolidated Energy (CONSOL) operates in
Read MoreWe mentioned previously that Allan Leighton intends to be “hands-on.” This will reduce the pool of CEOs willing to take
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Creditors voted as expected, with the As voting overwhelmingly in favour of the plan and the Bs voting against it, safe for the proportion that is
Read MoreThe restructuring is finally getting done with enough backing to implement the deal under the bond documentation. The deal now includes
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While, the market awaits the Independent Business Review from PwC on Standard Profil, which is due before the end of the month, the composition of
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It’s another early bird extension to Friday morning 10 am. Consent can’t be far off anymore, but we are not fans of the deal.
Read MoreFlora’s reward for issuing more Senior Secured paper to take out subordinated paper was Moody's rating downgrade from B2 to B1, citing
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Back in October, the guidance to £60m EBITDA for the year appeared very aggressive to us and we asked management on the subject. However, Matalan
Read MoreIn what could be a cautionary note for other auto suppliers, Schaeffler issued a profit warning this morning reducing its EBIT margin from a market consensus of
Read MoreAnd into round X of negotiations between Altice SFR management and creditors, with reports of another offer from the Company to creditors. The devil will be in
Read MoreThe ‘25s are now arguing their case in Sweden, having been dismissed in Texas. We remain confident, however, that the deal will go through smoothly.
Read MoreThe company has again extended its early bird deadline, now to 10am tomorrow. The short second extension would suggest the company is
Read MoreAs we wrote before, Thames Water was always going to use its funding urgency to push its agenda. As a result, the path for the Bs now appears
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