Smiths Group to Sell Divisions, Return £350 Million to Shareholders
Smiths Group, facing pressure from Engine Capital, plans to sell Smiths Interconnect and Smiths Detection by the end of 2024, returning a large portion of proceeds to investors via share buybacks totaling £350 million in 2025, causing a 13.6 percent surge in its share price.
Smiths Group to Sell Divisions, Return £350 Million to Shareholders
Smiths Group, facing pressure from Engine Capital, plans to sell Smiths Interconnect and Smiths Detection by the end of 2024, returning a large portion of proceeds to investors via share buybacks totaling £350 million in 2025, causing a 13.6 percent surge in its share price.
Progress
48% Bias Score
FTSE 100 Hits Record High Amidst Weaker Pound and Rate Cut Expectations
The FTSE 100 index closed at a record high of 8,505.22 on Friday, boosted by a weaker pound and expectations of interest rate cuts, despite a contraction in UK retail sales and negative economic sentiment.
FTSE 100 Hits Record High Amidst Weaker Pound and Rate Cut Expectations
The FTSE 100 index closed at a record high of 8,505.22 on Friday, boosted by a weaker pound and expectations of interest rate cuts, despite a contraction in UK retail sales and negative economic sentiment.
Progress
44% Bias Score
Ashtead Group to Relocate Primary Listing to New York Stock Exchange
Ashtead Group, a £27bn construction equipment rental company, will move its primary stock listing from the London Stock Exchange to the New York Stock Exchange within 12-18 months because 98% of its profits come from US operations; shares fell 11% on Thursday.
Ashtead Group to Relocate Primary Listing to New York Stock Exchange
Ashtead Group, a £27bn construction equipment rental company, will move its primary stock listing from the London Stock Exchange to the New York Stock Exchange within 12-18 months because 98% of its profits come from US operations; shares fell 11% on Thursday.
Progress
44% Bias Score
US Hedge Fund Targets British Conglomerate Smiths Group for Break-Up
Engine Capital, a US hedge fund, is pushing for the break-up or sale of FTSE 100-listed Smiths Group, a £6 billion British engineering firm, citing undervaluation due to its conglomerate structure; Smiths Group's shares rose 5.5 percent following the announcement.
US Hedge Fund Targets British Conglomerate Smiths Group for Break-Up
Engine Capital, a US hedge fund, is pushing for the break-up or sale of FTSE 100-listed Smiths Group, a £6 billion British engineering firm, citing undervaluation due to its conglomerate structure; Smiths Group's shares rose 5.5 percent following the announcement.
Progress
48% Bias Score
Games Workshop's Warhammer Success Fuels Record Profits and Factory Expansion
Games Workshop, the Nottingham-based miniature wargames maker, announced a 20.9% rise in sales to £299.5m and a 33% surge in profits to £127m in the six months to December 1st, driven by the Warhammer franchise's success and new licensing deals, prompting plans for three new factories.
Games Workshop's Warhammer Success Fuels Record Profits and Factory Expansion
Games Workshop, the Nottingham-based miniature wargames maker, announced a 20.9% rise in sales to £299.5m and a 33% surge in profits to £127m in the six months to December 1st, driven by the Warhammer franchise's success and new licensing deals, prompting plans for three new factories.
Progress
36% Bias Score
Games Workshop to Join FTSE 100
Games Workshop, founded in 1975, is joining the FTSE 100 after its shares soared 43% this year and 2500% over the past decade, reaching a £4.7 billion valuation.
Games Workshop to Join FTSE 100
Games Workshop, founded in 1975, is joining the FTSE 100 after its shares soared 43% this year and 2500% over the past decade, reaching a £4.7 billion valuation.
Progress
44% Bias Score