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25.01.26 - 09:12
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Why I sold — not panicked — out of this FTSE 250 stock (Fool)
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Stephen Wright has just sold his stake in WH Smith. Here's why he's exited the FTSE 250 retailer just as it might be starting to turn around.
The post Why I sold — not panicked — out of this FTSE 250 stock appeared first on The Motley Fool UK....
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19.01.26 - 09:18
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Causeway Supports the WH Smith Board′s Recommendation to Appoint Leo Quinn as Executive Chair (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Following the recent announcement from WH Smith plc, Causeway Capital Management fully supports the Board's recommendation to appoint Leo Quinn as Executive Chair of the company. Causeway, on behalf of its clients, is the largest shareholder in WH Smith. This decision comes at a critical juncture for the company, and we believe its recovery hinges on strong leadership and strategic clarity. We are confident that Leo Quinn, given his track record at Balfour Beatty, QinetiQ, and De La Rue, is the right executive to lead WH Smith. We also want to express our appreciation for the contributions of outgoing Chair Annette Court and the Board of Directors for navigating the company through this difficult period.
About Causeway Capital Management LLC
Established in 2001, Causeway Capital Management LLC (“Causeway”) is a majority employee-owned investment management firm specialising in global, international, emerging markets, small cap, and sustainable equity strategies. Co-found...
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09.01.26 - 08:18
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What is Modella Capital? Firm in spotlight as Claire′s and The Original Factory Shop face collapse (The Guardian)
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Investment firm that also bought WH Smith's high street business has reputation for rapid and hard-nosed restructuringThe expected collapse of the high street retailers Claire's and The Original Factory Shop, with 2,550 jobs at risk, has put the previously little-known investment firm Modella Capital in the spotlight.The UK-based firm, which bought the two troubled chains within the last year, was set up by a group of restructuring professionals four years ago and has risen to prominence. Continue reading......
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05.01.26 - 19:30
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Claire′s and The Original Factory Shop near collapse, putting 2,550 jobs at risk (The Guardian)
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Owner Modella starts insolvency proceedings for both chains, saying trading is 'extremely challenging'The retailers Claire's and The Original Factory Shop are on the brink of administration, putting 2,550 jobs at risk.Both chains are owned by Modella Capital, a private equity firm, which recently bought the high street arm of WH Smith – renamed TG Jones. Modella said in a statement that the climate on UK high streets was “extremely challenging” and data suggested “an alarming drop-off in pre-Christmas footfall”. Continue reading......
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