Smith & Nephew shares jump after activist investor Cevian takes stake July 4, 2024 The FTSE 100 firm's stock price rose as much as seven per cent in early trading, with Cevian taking a shareholding of just over five per cent.
UK investors missed the global rally in 2023 as they dumped equity funds for bonds March 19, 2024 IA’s figures showed UK retail investors pulled £24.3bn from open-ended funds in 2023, although slightly better than the figure reported for 2022 it was still one of the highest and fastest levels recorded.
Activist investor Kelso gains board seats at The Works as it tries to enhance shareholder value February 14, 2024 Kelso chief John Goold and chief financial officer Mark Kirkland have gained non-executive director positions, and will focus on "all matters relating to shareholder value."
Cheap London firms in crosshairs of trigger-happy activist investors in 2024 January 10, 2024 Activist investors are circling the London Stock Exchange this year in a bid to capitalise on the “significant valuation gap” facing UK firms, a new report has claimed.
Disney gets backing from investors amid boardroom clash with Peltz January 4, 2024 Disney has secured support from activist hedge funds in its battle against billionaire investor Nelson Peltz's attempts at a board coup.
Hipgnosis Songs Fund reports revenue and asset value decline amid uncertainty over its future December 21, 2023 Hipgnosis Songs Fund, the investment company that owns a portfolio of music and song royalty rights, has today published its delayed interim results for the six months to 30 September.
Hipgnosis Songs Fund delays results as value of company’s assets thrown into question December 19, 2023 Hipgnosis Songs Fund, the embattled investment trust, has today delayed the publication of its financial results.
What’s going on at Disney as the board battle with activist investor Peltz reignites? December 1, 2023 Activist investor Nelson Peltz has reignited the boardroom battle at Disney in a fresh clash between his investment firm and Disney.
Activist Nelson Peltz lifts stake in Disney as shares near decade low October 9, 2023 Activist investor Nelson Peltz has reportedly raised his fund’s stake in Disney and is eyeing multiple seats on the board for himself and his underlings. Trian Fund Managament, founded by billionaire Peltz in 2005, has increased its stake in the Mickey Mouse creator to more than $2.5bn (£2bn), according to a Wall Street Journal report [...]
TP Icap share price surges after announcing £30m share buyback August 9, 2023 FTSE 250 finance firm TP Icap’s share price surged after it announced a share buyback programme and upped its dividend. The interdealer broker announced a £30m share buyback programme and increased its dividend by seven per cent to 4.8p. The payouts came as pretax profit climbed to £91m from £72m last year thanks to a [...]