Buying back the Sona stake in CPI FIM SA is rational, as the newly issued Hybrid will receive 50% equity treatment. CPI needs
Read MoreThe price cuts were always part of a long-term strategy, so the latest price cuts at ASDA may be a reflection of the overall strategy leading up to
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Worldline Client Call is now available on Worldline’s page.Pasubio’s page.
Read MoreThe new instant delivery service will not significantly impact volumes at Morrisons. Morrisons Now is not intended to replace the weekly shop (online or in-store), but it does
Read MoreWe thank the 120 participants on the Mobico calls this week. Meanwhile, the Cosmen family made a token commitment to Mobico yesterday by
Read MoreKem One’s performance continues to deteriorate, and with no CEO, it is not a surprise that bondholders are organising. The question is, is it too late?
Read MoreSky News are reporting that Lowell has hired Teneo to forecast its financials - not the sort of thing one hires Teneo for, only months after the restructuring. Fundamentally,
Read MoreWe are reading news reports or rumours that Adler Pelzer, advised by Barclays, have begun working on the refinancing. The solution is
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Bonds have softened recently, though without any notable new developments. Two minor news items may be affecting sentiment, but neither is
Read MoreA bearish note on Ocado is pressurising the equity. Our worst-case scenario is that the Kroger rollout is halted; this equity note presumes two
Read MoreAround 4,500 of the 30,000 SKUs in a large ASDA store are now being discounted. ASDA is trying to get suppliers to bear some
Read MoreFitch’s B- corporate rating will help OHLA, as Moody’s Caa1 family rating excludes some investors from participation in the
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The profit warning is primarily driven by lower volumes, following a weak Q2 and a significant deceleration in sales in Q3. However, the group ended Q3 with
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Maxeda management are clutching their purse ahead of the A&E showing a frugal performance in Q2. Revenues (only the big boxes are
Read MoreASDA has completed the separation of its IT systems from Walmart, so losing the head of IT after only 15 months in the job is not as
Read MoreNo standing by. Ahead of the referral to the CMA on Oct. 22nd, the creditor group has revamped its proposal to incorporate the fines that the
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