As I understand, the sclerotic bureaucrats in Brussels cannot or will not get its act together to either approve or not the takeover despite having months so to do.
No wind in the UK, so revenues down , but costs are fixed. So madness to buy back shares to add to the pressure of deteriorating operating cash flows. Hence SP heading south.
RE: Time for next bidder to surface?29 Jan 2025 11:03
The trading update was based on adjusted operating profit, i.e. before the nasties are taken into account. So fairly meaningless in reality as there will almost certainly some yet to be disclosed nasties from the good ol' USof A.
RE: Time for next bidder to surface?26 Jan 2025 16:00
Said suitor at £1.60 is ancient history. Bod has got itself in a bind by disclosing that. Am pretty sure suitors are circling, but Bod will put pride before the eventual fall.