Mobico Idea Pitch video is now live. You can find it on the Sarria website landing page and on the dedicated Mobico page.
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Morrisons will remain under pressure as price competition continues. However, Morrisons has access to capital via the S&L market (at
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A small €50m institutional investment (for 3.1% of the equity) completed in August has placed a nominal €1.6bn valuation on the equity in Vivion, and
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The update this morning is incremental. We love how a year ago the Euros were downplayed as having only a minor effect on the business, but
Read MoreT’is done. At 94.4c/€, bondholders tendered 10x more bonds (half the outstanding) than the €250m in play and the scaling factor was
Read MoreWith the bonds trading at c.30%, a further cash injection is likely to be required at Kem One. With this background, it is no surprise that
Read MoreThe FT have a puff piece out on behalf of Altice SFR or their bondholders, reporting that the Company are seeking to relaunch the
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The new format of HY conference calls, which gives preference to typed questions rather than live telephone inquiries, has resulted in
Read MoreThe ratings downgrade at Cerba doesn’t change the situation. The company remains highly leveraged, with a capital structure that is
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Management revealed the successful asset financing of its recent investments in Stettin of approx. €9m, leaving some €16m undrawn under the
Read MoreThe UK Coach operation has received a new CEO in the person of Javier Martinez Prieto, an ALSA veteran who is to rip costs out of
Read MoreAdler have concluded the sale of the Wilhelm in Berlin. Last year the property had an asking price of €150m, and we know of bids at €50m. We do
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The H1 25 operating results were broadly in line with our expectations. The amount of equity raised was less than we hoped for, but LTV is already
Read MoreThe repercussions of the recent cyber attack on Jaguar Land Rover continue to persist. Production at JLR has been suspended for the past
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Although no formal restructuring discussions have commenced with the Company, the senior creditors remain well-organised, having extended their
Read MoreKroger’s review of its e-commerce strategy is driven by the need for e-commerce profitability as opposed to disenchantment with Ocado; E-commerce sales grew
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BioGroup released its Q2 results yesterday. However, with minimal commentary provided in the announcement and the earnings call not
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Progress at Isabel Marant remains uneven. While there has been notable advancement in the retail segment, the overall performance continues to be constrained by the
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