AMS Osram has successfully raised €500 million by tapping its 2029 Euro and Dollar bonds, with the proceeds primarily used to fund the
Read MoreThe tender offer was a resounding success. CPI increased the maximum tender offer from EUR100m to EUR180m, and over
Read MoreAldi grew sales 6.3% (vs inflation of 5.2%) and continues to close the gap on Morrisons. Given that grocery inflation is at the same
Read MoreThe slowing in the pace of decline in sales will be a relief to Allan Leighton. There is still a long way to go for the retailer, but this
Read MoreTullow has taken another step in completing the sale of its Kenyan assets, signing the sale and purchase agreement with Auron Energy, an affiliate of
Read MoreWe are not sure exactly what today’s announcement meant to convey, but the 2) paper is fully subscribed now. Of all remaining
Read MoreOfwat has agreed to postpone the referral of the price review decision to the CMA until October 22nd. According to the regulator, the three
Read MoreAtos released its H1 liquidity position as required by various credit agreements. Cash and liquidity have deteriorated by €374 million but
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Technology Revenues of £277m were ahead of our expectations, and this is reflected in EBITDA of £73m vs our forecast of £51m (excluding Ocado Retail). Capex of
Read MoreSES has completed its acquisition of Intelsat after receiving FCC approval earlier this week. Our model already included a pro forma
Read MoreMoody’s downgrade to Caa1 is deserved, even if the company has already hired Alix partners and is trimming its management layers. These actions are
Read MoreThe tender price of 107.75 is nearly 2 points above the offer price for the 7% May/2029 SUNs over the last couple of weeks, and we would expect
Read MoreThe tender offer (at par) for the 2027 bonds has been successful, with €345m of the €400m outstanding tendering. We expect the
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The new Idea Pitch videos are now available.
You can find them on the Sarria website landing page as well as on each individual company’s dedicated page.
We previously wrote that the company and creditors are the closely alligned in the negotiations. They are united by a common command of
Read MoreThe letter from the union is just a warning shot, and previous GMB strikes have been small, creating only minor
Read MoreThe tone of the release suggests that staff are hiding in store rooms, and the new policy will speed up shelf restocking. The move will not
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