Member Info for Laughton

Fairly hefty votes against remuneration resolutions and company says:

The Board notes that more than 20% of the votes cast on resolutions 10 and 11 (the former of which is an advisory vote) were against those resolutions. It takes the outcome of shareholder votes very seriously and will engage with shareholders to understand their views. In accordance with the UK Corporate Governance Code, the Company will publish the outcome of this engagement in the next six months.

Out of interest, what happened to those (very few) hydrogen filling stations that ITM got up and running in the UK?

This is not a de-ramp. I'm a LTH and genuinly interested.

Universal Music Group (UMG.AS)

Universal Music Group (UMG) lost as much as 29% on Thursday after reporting a slowdown in its subscription and streaming segment in the second quarter.

Despite revealing better than expected revenue, thanks to merchandising, analysts downgraded the company amid concerns over its streaming income.

Revenue rose to €2.9bn (£2.5bn) in the three months to June, with its top sellers including releases by Taylor Swift and Billie Eilish.

However, analysts at Citi, Barclays, Guggenheim and Kepler Cheuvreux all lowered their ratings, with Citi saying streaming and subscription growth was meaningfully below what had been expected. It raised concerns about volatility between the music giant’s different lines of revenue.

Commenting on the results, UMG´s Chairman and CEO, Sir Lucian Grainge, said: "Our continued strong revenue growth this quarter demonstrates that we are, by design, a multifaceted music entertainment company that places our artists at the centre of everything we do.

“Our unique structure, which is both innovative and constantly evolving, enables us to support our recording artists and songwriters with an ever-expanding array of revenue sources, reinforced by new products and the exciting next phase of development of streaming services.”

Https://www.ft.com/content/d1ffb476-601c-485e-a020-388631ed7064

https://www.propertychronicle.com/offices-havent-hit-bottom-yet

Mmm. Not good.

Difficult for retailers - if they don't get their papers from Smiths I don't think they have an alternative (other than stop selling papers).

Noticed that Daily & Sunday Telegraph cover price just gone up by 16+%. I guess they'll lose some readers but, as I understand it, Smiths income linked to value of papers delivered so could be good for turnover.

If you really believe that, why not hedge your bets and buy a bunch of the bonds for an IRR of over 40%.

Not bad for only 6 weeks.

Or maybe you mean "floor"?

Https://www.nottinghampost.com/news/business/warhammer-firm-games-workshop-build-9344258

Yep. Mine too now. Maybe they have someone monitoring this board :-)

Mine also held with HL. Nothing yet - but they're always slow.

Https://www.telegraph.co.uk/music/news/what-went-wrong-with-hipgnosis/

Not that I'm expecting it to be offered but probably somewhere between 9% and 10% for 3 to 5 years. But perhaps they'll have some other combination in mind worth considering. Not sure BOE will reduce interest rates before August which I'm sure BOD were hoping for and would have given them a bit of scope to offer lower coupon on extension.

Otherwise I'm content to receive maturity proceeds (assuming they will be able to find the cash) and move into something paying a little less but safer.

As a bondholder I'd be happy to extend - mind you at a lot higher coupon than the current 4.5%.

Not all doom and gloom

https://www.cityam.com/landsec-workers-returning-to-offices-in-london-boost-landlord/

Concord bows out of the race. Oh well, another poor call from me.

I guess I'll hang on as a hedge against weaker sterling against the dollar by the time Blackstone coughs up.

Interesting insight on economic progress - positive news for BUR I feel. Just Google, should get you past the paywall.:-

Milei’s Argentina is fast becoming the Texas of Latin America

and

Argentina’s Lithium Triangle bonanza hands Javier Milei a trump card

Hope not.

I'd be very happy with one more from both parties.

Hope to never hear the name MM ever again.

Everyone has a different definition of "a few".

Another day another bid!

One more go from Concord and a final one from Blackstone and I'll actually be in profit.

Https://news.sky.com/story/blackstone-hits-high-note-with-new-hipgnosis-bid