A fall in sales is an unpleasant surprise, but we expect at least part of the 5% drop in February was a strategy of lower prices to stabilise market share over the rest of the year. We expect that
Read MoreMinor news from Heimstaden Bostad this morning, with the Company tendering for two small NOK bonds. Heimstaden Bostad already owned a significant portion of
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A little More revenue, significantly lower EBITDA and more CapEx are not boding well for the Autosupplier as we go into the first round of tariff discussions on Auto imports to
Read MoreWhat are the chances of the deal falling through at this stage? A group of 2029 bondholders are seeking to change some agreement terms, namely, to have only one
Read MoreCancelling store manager bonuses may hurt morale at ASDA, but Allan Leighton needs to respond to the poor performance in H2 2024. Our view on the credit is
Read MoreBoard rows at OHLA are inevitable, given the large egos that have now bought into the company. The board does not need to be friends, but they do need to let the managers
Read MoreBetter lucky than good… This morning Eutelsat shares are up at €3.66, last seen in November in the mother of all short squeezes, while the 29s are up in the
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Emeria Pitch video is now live. You can find it on the Sarria website landing page and on the dedicated Emeria page.
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Eutelsat Pitch video is now live. You can find it on the Sarria website landing page and on the dedicated Eutelsat page.
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The €63m received from the repayment of a vendor note (relating to the sale of the UK Business) was
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The call didn’t have many surprises, but was positive. We are a little perturbed by the suggestion that OHLA might look at development projects in the future, but for
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A year ago we were the most negative in the city on Ardagh’s prospects and yet, the FY results were even worse than that. Management now expects US volumes to be
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The Data business was strong, but with 2023 a tough comp, the Manufacturing business lagged. The company expects to refinance its April 2027 bonds in
Read MoreRinse and repeat - it worked for Altice France, so Altice International secured creditors have launched a cooperation agreement, advised by Gibson Dunn. The debt documentation is
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Only three questions on the Heimstaden Bostad call this morning, reflecting how the market has moved on. No longer on the stressed list, Heimstaden Bostad’s Q4 numbers continue its
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We are puzzled by the fall in share price after the results and call. We do think that management may fill any funding gap with debt rather than equity, but that will eventually be a
Read MoreMarket chatter confirms that £27m VIctoria RCF was auctioned yesterday, but we can't confirm if it traded. This follows a similar size piece that
Read MoreDrax released its FY24 numbers but we await the Q&A to glean new information about its agreement with the UK government regarding subsidies for
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