Elliott still harbours Pernod Ricard concerns

Activist investor Elliott has kept up the pressure on French spirits group Pernod Ricard, welcoming this week’s first-half results, but calling for boardroom changes and better margins.

Elliott, which has built a stake of just over 2.5% in Pernod Ricard, has called on the family-backed group — which owns Irish whiskey labels Jameson and Powers — to raise profit margins to bring them more into line with British rival Diageo.