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Will the share price go Down?

https://uk.finance.yahoo.com/news/elliott-advisors-poised-bankroll-70m-140000233.html

Wizz has turned Positive

Wizz Air delivered strong results in the second quarter of the fiscal year, after a difficult first quarter operationally. Revenue in the first half of the fiscal year was materially higher than it was in the same period last year, and up 31 per cent versus the same period pre-COVID-19. For the second quarter, revenue was up 41 per cent versus the same period pre-COVID-19. Revenue per available seat kilometre improved from -10 per cent during the first quarter to +11 per cent during the second quarter, ahead of guidance, all measured versus the pre-COVID-19 quarters. This was driven by load factors recovering and improved yields, no longer held back by COVID-19 or the war in Ukraine. Wizz Air's focus continues to be the combined approach of delivering growth while pricing for cost inflation.

EBITDA for the second quarter turned strongly positive to €374 million, bringing the first half to total EBITDA of €218 million (up 32.5 per cent half year on half year), despite the headwinds we continued to encounter on supply chain disruptions and high commodity prices.

This performance confirms that our network investments and sustained capacity growth drive strong top-line growth.

Our liquidity position, however, remained unaffected by foreign exchange moves and further increased from June as we closed the period with €1,630 million in total cash."

Shares down Air France-KLM shares sunk in early trading on Friday after the company lowered its full-year capacity guidance, and missed net-profit expectations at its third-quarter results.

The Paris-based airline group said it now expects to fly around 85% of pre-pandemic capacity in the fourth quarter of this year, from a previous outlook of around 85%-90%.

It added that capacity would grow to 90% in the first quarter of 2023.

At 0735 GMT, shares were down 8.4% to EUR1.51.

At a net-profit level, the air carrier also missed expectations in the quarter to the end of September, posting 460 million euros ($458.4 million) compared with expectations of EUR557 million, according to analysts' consensus provided by the company.

Shares down Air France-KLM shares sunk in early trading on Friday after the company lowered its full-year capacity guidance, and missed net-profit expectations at its third-quarter results.

The Paris-based airline group said it now expects to fly around 85% of pre-pandemic capacity in the fourth quarter of this year, from a previous outlook of around 85%-90%.

It added that capacity would grow to 90% in the first quarter of 2023.

At 0735 GMT, shares were down 4.4% to EUR1.51.

At a net-profit level, the air carrier also missed expectations in the quarter to the end of September, posting 460 million euros ($458.4 million) compared with expectations of EUR557 million, according to analysts' consensus provided by the company.

Results are out on Wednesday, 02 November 2022

Coombs and much of his team were former executives at
Grindlays Bank, which the ANZ bought in the early 1980s.
Coombs had worked his way up through the bank,
establishing the London-based emerging markets division
in 1992 and reachinq the lofty position of global head of
markets in July 1997. The London investment banking
division (which included the emerging markets business)
contributed 10% of ANZ's half-yearly profit in 1997.
But the $78 million loss the emerging markets business
recorded as a result of the Russian crisis effectively en ded
Coombs' career at ANZ.
Chief executive John McFarlane, who took over ANZ in the
midst of the Asian financial crisis in September 1997,
decided in September 1998 that the bank's international
forays had gone too far. He set about de-risking the bank
by selling the London investment bank, withdrawing from
ANZ's emerging market investments and focusing
squarely on the relatively st able Australian market.
In March 1999, Mark Coombs led a management buyout of
ANZ emerging market funds management business. The
division - which Coombs folded into his own vehicle,
Ashore Group - managed around $US500 million at the
time.
Although the precise sales price was never disclosed (ANZ
would only say at the time that the amount was "not
material") it is believed that Coombs paid somewhere
bet ween $600,000 and $1 million.
Whatever the exact amount, it was the bargain of the
century. Free of the shackles of the ANZ. Coombs
immediately began building Ashore into a powerhouse.
The business grew rapidly as fund managers' appetites for
some exposure to emerging markets returned. By 2000,
Ashmore has started m an aging emerging markets public
equities with the launch of the Ashmore Emerging
Economy Portfolio. By 2002, the company had established
20 pooled funds, segregated accounts and collateralised
marketplaces

Sure, restructuring in hard times seems prudent but there
is always a danger that top-notch future earners could end
up getting the chop. JAMES THOMSON reveals how the
ANZ Bank's decision to de-risk led it to sell a $4 billion
business for less than $1 mi In the coming weeks ANZ chief executive Mike Smith will
unveil a new business structure for the bank.
Smith has had a bumpy ride since taking up the top job in
October 2007 and at times the bank's problems must
have seemed neverending.
There have been writedowns related to the sub-prime
crisis, the disastrous capitulation of margin lenders Opes
Prime and Chimaera, troubles at Tricom and exposures to
a string of struggling companies, including Bab**** &
Brown, Centro and Bill Express.
No wonder Smith wants to make some serious changes,
and reportedly axe hundreds of executives.
But as ANZ adopts its new strategy, it should think back
to the last great re-making of the company under former
chief executive John McFarlane in 1998.
The story of how ANZ sold its London-based emerging
markets business for less than $1 million, only to see it
become a $4 billion investment giant run by a former ANZ
executive who is now worth around $2 billion, is a
cautionary tale for every axe-swinging CEO.
The story starts back in August 1998. The Spice Girls are
riding high on the music charts and audiences around the
world are packing out cinemas to watch Saving Private
Ryan.
But over in the offices of ANZ's emerging market business
in London, it's doubtful that many traders were heading to
the movies for a relaxing evening. Financial markets were
in chaos and their bonuses were going down the toilet
quickly.
The team, led by ANZ's head of markets Mark Coombs,
had been caught out badly by the Russian financial crisis,
caused by the rapid devaluation of the ruble. The losses
were mounting.

Following the recent press speculation, Metro Bank confirms that it has received an approach from funds affiliated with The Carlyle Group ("Carlyle") regarding a possible offer to acquire the entire issued share capital of Metro Bank (the "Possible Offer").Metro Bank has engaged with Carlyle in relation to its Possible Offer and a further announcement will be made as and when appropriate. In the meantime, shareholders are advised to take no action.This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that any offer will be made, nor as to the terms nor structure on which any offer might be made.In accordance with Rule 2.6(a) of the Code, Metro Bank announces that, by no later than 5.00 pm on 2 December 2021 (the "Deadline"), Carlyle must either announce a firm intention to make an offer for Metro Bank under Rule 2.7 of the Code or announce that it does not intend to make an offer for Metro Bank, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.Metro Bank confirms that this announcement is not being made with the agreement of Carlyle.

LONDON (Reuters) - A takeover of Morrisons by either of its two suitors could "materially weaken" the security of the supermarket's pension schemes if no additional protection were agreed, the trustees said in a letter to the company published on Tuesday.

The British retailer is at the heart of a $9.5 billion bidding war between U.S. private equity groups Clayton, Dubilier & Rice (CD&R) and a consortium led by SoftBank owned Fortress Investment Group.

Last week it backed an offer from CD&R, although its shares jumped above the 285-pence-a-share bid, indicating the battle could have further to run.

The trustees of the retailer's two pension schemes said that whilst the plans were currently in surplus, they remained dependent on the backing of Morrisons.

They said that support could be weakened by a private equity buyer, for example by a new owner securing additional debt on the supermarket's assets, the related increased debt service burden and possible refinancing and restructuring.

Trustees chair Steve Southern said: "An offer for Morrisons structured along the lines of the current offers would, if successful, materially weaken the existing sponsor covenant supporting the pension schemes, unless appropriate additional support for the schemes is provided.

"We hope agreement can be reached as soon as possible on an additional security package that provides protection for members' benefits."

Morrisons said it placed significant emphasis on the responsibilities of an owner, including towards its pensions. It said it would work with all parties to reach an agreement as soon as possible.

Back in 2007.......there was a pension issue.....and not much has changed since.... ...this is what stopped that takeover deal... Shares in Sainsbury’s fell by up to 1.5 per cent, recovering to close down dp to 549dp yesterday, as investors feared the implications of a big shortfall in the company’s scheme should it be taken private could present a significant hurdle to a deal. There are concerns a highly leveraged private equity owner, having borrowed large sums to finance a deal, might be unwilling or unable to make further contributions to the scheme. That could prompt the trustees to ask for a big upfront guarantee in the form of cash or assets. Sainsbury’s, led by Justin King, has two final-salary schemes that have both been closed to new members for several years. They have a total of just over 86,000 members and, as of last October, a deficit of £477million. That figure rises to about £1billion based on whether or not a buyout takes place, reflecting a move to an investment policy based on bonds, which have provided lower returns than equities. The £3billion figure is based on a worst-case scenario — whereby the company stops paying into the scheme and pensions have to be paid out for up to 60 years. The consortium has met the trustees but it is understood they have so far not put forward concrete proposals. A source said; “The trustees don’t care who owns the business. The only thing they care about is who is going to pay the pensions in the next 60 years.”

Sorry 225 million

Compare DoorDash (DASH), a US food delivery app which saw its shares surge 86% in New York after its IPO. The company lost $667m (£485m) last year on revenues of $885m. Deliveroo lost £225bn last year on revenues of £1.2bn. DoorDash is currently valued at $41bn, while Deliveroo's first day slump puts it closer to £5.5bn

Nova Increased offere to £7.80

The former chief executive of Stobart Group, the infrastructure conglomerate, has stoked his bitter war with the company by staging an audacious market raid on shares in Flybe, the regional airline.

Sky News has learnt that Andrew Tinkler, who is embroiled in a protracted legal row with his former employer, snapped up a stake of approximately 10% in Flybe Group (LSE: FLYB.L - news) during Friday's trading session.

Shakhtar is right dividend 1.71% What a great set of results!

Slowly
DOOOOOOOM!!!!

stobart griou to make a bid

Elliott Advisors, the activist hedge fund manager, has seized a 13.2 per cent stake in Poundland, setting up a potential battle to squeeze a higher takeover price for the struggling UK discount chain.

Steinhoff, the acquisitive South African retailer, agreed a £450m deal to buy the discount retailer on Wednesday. But within hours, Elliott began building its stake at a price about 0.5p higher than the 220p offer before emerging on Thursday as one of its largest shareholders through derivatives contracts.