PRESS DIGEST-British Business - April 19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 19 2024
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Source: Yahoo Finance
- Hipgnosis Songs Fund Acquisition: British music investor Hipgnosis Songs Fund agrees to a 1.1 billion pound takeover by American rival Concord Chorus.
- Alliance Trust Changes: Alliance Trust, a major investment trust in Britain, dismisses Jupiter Fund Management but does not award its 300 million pound mandate to the fund manager who triggered the change.
- Thames Water Renationalisation: There are considerations for renationalizing Thames Water with its 15.6 billion pound debt potentially added to the public purse by the UK government.
- LVMH Board Appointment: Sons of Bernard Arnault, the world's richest man, join the board of LVMH after a shareholder vote, strengthening the family's control over the luxury goods company.
- BBC World Service Leadership Change: The head of the BBC World Service, Liliane Landor, will step down in July due to concerns about operational capability if further cuts weaken the service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
