Today news
About the same in other media
SSE will be hard to bully given the arithmetic and political backing
Reading now: 359
It wasn’t necessarily the way to bet, but two big names of the FTSE 100 index have shown how to respond effectively when you have Elliott Management, the world’s most feared activist hedge fund, on your tail. The answer is to smile sweetly in public, do the engagement bit, and then deploy counter-arguments that are heavy on financial detail.
At GlaxoSmithKline, it was a case of defending management by making credible long-term sales and profit commitments, a pitch that seems to have satisfied other shareholders, barring an upset between now and next year’s demerger of the consumer division.
At the Perth-based energy group SSE, which on Wednesday said it won’t be taking Elliott’s advice to split itself in two, the debate has hinged on the
Read more on theguardian.comAbout this in other media
SBI Boss Says that China Is Leading the CBDC Race – Ahead of the USA and Europe cryptonews.com /2 years ago
This crypto portfolio management platform allows traders to monitor all assets from different platforms at the same time cointelegraph.com /2 years ago
Bitcoin and Ethereum Struggle, SAND and EGLD Rally cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
