To line up its CH11 prepack, the company has agreed on a restructuring plan involving a bigger write-off than we had modelled only in
Read MoreAfter shooting an own goal last week, when the company earned the scorn of the NRW traffic minister over tactically dropped service on two
Read MoreFollowing it’s capital increase, Eutelsat has found a new CFO in Sebastien Rouge, a safe pair of Parisian establishment hands with
Read MoreDrax announced this morning that it has entered into a contract with the UK Government to continue operating its biomass
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Flora, Flora’s Q3 results demonstrated slightly stronger resilience than anticipated, with volumes declining by only 0.9%. Gross profit contracted by
Read MoreThe downgrade from S&P reflects the same concerns that Moody’s showed. CEL favours supporting its parent's (Proman's) growth plans over
Read MoreAlthough Tullow does not publish quarterly results, its Ghanaian partner, Kosmos, does, providing a useful read-across. The implications for
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Adler Pelzer slightly beat our expectations with Q325 EBITDA coming in some €5m better than forecast. CapEx remained
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We have commenced our work on Ineos Quattro and intend to publish our views following the release of its third quarter results on 7 November.
Ineos Quattro held a 2-hour conference call yesterday, which can be summarised as follows:
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Keeping the price high has allowed incumbent creditors to keep out more aggressive funds that would be ready to own the
Read MoreThe Holsten Quartier is a very big asset for Adler, and the announcement of a sale should be material news to creditors. However,
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The Q3 result was strong; the company reaffirmed its $100m net cash flow expectations for the full year. Repayment or factoring of
Read MoreThe SSN holders ended up with 86.6%, and five of those SSN holders now have 68% of the equity. Ownership of the SSNs was
Read MoreTesco is responding to ASDA’s price drops to protect its market share. The 5% - 10% gap on average baskets is expected to take three years to
Read MoreSecuring a control and profit agreement with VIB would make an A&E of the Branicks, Sep 2026 SUNs, an easier sell to creditors. Consolidated LTV would
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Management will include weighing up possible further liability management in the upcoming strategic review. Q3 was soft, with
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The Q4 numbers exceeded our expectations, but we expect FYE 2026 to be tougher, as grocery customers seek to shore up their
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