Shares in Cuisine de France owner Aryzta plunged by nearly 17% — wiping around €120m off the company’s value — after its AGM saw investors narrowly approve the food group’s funding plans and give only moderate backing to the company’s management.
Fri, 02 Nov, 2018
Dublin-based paper and packaging group Smurfit Kappa has the ability to spend up to €1bn on acquisitions this year without harming its balance sheet or breaching its lending covenants, management has said.
Sat, 06 May, 2017
Shares in Cuisine de France owner Aryzta jumped by almost 12% yesterday on the back of the troubled group launching a recovery bid which will see founder and chief executive Owen Killian leave the company and its investment strategy reviewed.
Wed, 15 Feb, 2017
Paddy Power-Betfair chairman Gary McGann yesterday defended the betting services group’s remuneration policy as “fair, transparent, and balanced” despite nearly a third of investors voting against it at the group’s first AGM as a merged entity.
Thu, 19 May, 2016
Paddy Power’s management has said it will not decide on the level of redundancies stemming from its near €7bn merger with UK rival Betfair until completion of the deal in the first quarter of 2016.
Tue, 22 Dec, 2015
Shareholders in paper and packaging giant, Smurfit Kappa Group were told, yesterday, that the company’s strong balance sheet should allow it to continue awarding investors, following a resumption of dividend payments last year.
Sat, 04 May, 2013