News about Nelson Peltz
MARKET REPORT: Royal ratcatcher soars on hopes of US recovery
www.dailymail.co.uk,
October 17, 2024
As well as reporting a steady 3.6pc rise in revenue to £1.4bn in the third quarter, Rentokil announced a management overhaul at its operations on the other side of the Atlantic. It also said it has axed around 250 staff in North America having overspent during the summer ahead of an expected surge in demand that did not materialise.
MARKET REPORT: Peltz lieutenant joins the board of Royal rat catcher Rentokil
www.dailymail.co.uk,
September 25, 2024
The FTSE 100 pest control firm, which won contracts at Buckingham Palace in the 1960s, said Trian's head of research Brian Baldwin will join from October.
Rentokil Initial shares plummet as pest control firm issues profit warning
www.dailymail.co.uk,
September 11, 2024
The pest control giant, whose 100th anniversary falls in 2025, cautioned that its full-year adjusted operating profits could be impacted by up to £80million. Ahead of the peak trading season, Rentokil enlarged its employee numbers to capitalise on expected growth, but it noted poorer lead flow and sales volumes left it 'over-resourced.'
Activist investor Nelson Peltz trims stake in Marmite-owner Unilever
www.dailymail.co.uk,
August 14, 2024
Train Fund Management, which is run by Peltz (pictured), has sold around 3.8m shares for nearly £181m, according to a regulatory filing. Peltz, who is on the board of Unilever, previously held a 1.47% stake or 36.6m shares in the owner of Dove soap and Hellmann's mayonnaise worth about £1.4bn.
Better services help Revolut and fintechs rise while big banks stutter, says ALEX BRUMMER
www.dailymail.co.uk,
July 26, 2024
Fintech is one of the many areas where the UK has competitive advantage. The arrival of the new breed, with slick intuitive systems, which can only get better with AI, is to be applauded. Newcomers are able to shine by offering choices and service levels with which the established high street banks struggle.
Unilever margins improve but sales disappoint after price hikes
www.dailymail.co.uk,
July 25, 2024
Unilever reported worse than expected underlying quarterly sales on Thursday, newly published results show. 'Spending on consumer goods was tempered by cost-of-living pressures amid the backdrop of higher interest rates and a period of rising prices', Victoria Scholar, head of investment at Interactive Investor, said. The maker of Dove soap and Hellmann's condiments reported a 3.9 per cent rise in second-quarter underlying sales, lower than the 4.2 per cent increase predicted.
Former BT boss eyes bid to trap rat-catcher Rentokil
www.dailymail.co.uk,
July 20, 2024
Philip Jansen, who stepped down from the telecoms giant at the start of this year, is seeking private equity funding for a deal that would see him become executive chairman. Rentokil is the world's largest pest control company and operates in 80 countries. But the £11.6billion group has struggled since it took over US rival Terminix in 2022. Last October it was rocked by a profit warning after it struggled to win new customers in North America.
Unilever plans to cut up to 3,200 jobs as consumer goods giant's new chief executive seeks to turn it around
www.dailymail.co.uk,
July 12, 2024
The struggling conglomerate has come under pressure from shareholders including activist Nelson Peltz to boost growth. The Hellmann's mayonnaise and Dove soap owner said yesterday it will axe around a third of all office roles in Europe by the end of next year, after chief executive Hein Schumacher in March announced a 'productivity programme' to slash as many as 7,500 jobs. Cuts will apply 'primarily to office-based roles' and will not include factory jobs, according to the Financial Times.
What next for Unilever as King Charles urged to strip conglomerate of its royal warrants?
www.dailymail.co.uk,
June 21, 2024
Unilever's CEO Hein Schumacher says that the matter is 'not straightforward' since, if Unilever quits Russia, its assets could be seized by allies of President Putin. The company is making other big changes, however. Supersized conglomerates are somewhat out of fashion and Unilever will spin off its ice cream subsidiary. Ice cream is a low-margin business. The group has developed a Growth Action Plan.
ALEX BRUMMER: London risks its fizz over Britvic
www.dailymail.co.uk,
June 21, 2024
In a world when alcoholic drinks are being diluted, mixers and soft drinks are coming back into fashion and the UK is good at fizzy drinks. Carlsberg, which claims a UK heritage dating back 300 years, is seeking control of Britvic with a £3.1billion bid. The board chaired by Ian Durant, a Hanson acolyte who has occupied the chair at Greggs, has told Carlsberg to take a hike twice. If the brewer comes back with what seems a compelling offer, Britvic's directors must resist temptation to roll out the barrel.
Nelson Peltz sells stake in Disney weeks after losing takeover battle
www.dailymail.co.uk,
May 30, 2024
Billionaire Nelson Peltz's Trian Fund Management sold its entire stake in Disney after a boardroom clash. Last month, Disney shareholders supported CEO Bob Iger and the current board over Peltz.
How Trump brought son Barron to meeting with Elon Musk at X at estate
www.dailymail.co.uk,
May 30, 2024
A high-stakes meeting between Trump and Elon Musk also included members of the younger generation: Barron Trump and Musk's son X. They all joined at the Florida mansion of Nelson Peltz.
Nelson Peltz sells his entire stake in Disney just weeks after the billionaire father-in-law of Brooklyn Beckham lost takeover battle with CEO Bog Iger
www.dailymail.co.uk,
May 30, 2024
Billionaire Nelson Peltz's Trian Fund Management sold its entire stake in Disney after a boardroom clash. Last month, Disney shareholders supported CEO Bob Iger and the current board over Peltz and Blackwells Capital's push for changes. Trian, Disney's fifth-largest shareholder with a 1.77% stake, reportedly earned Peltz about $1 billion from the sale. Despite the campaign's failure, Trian noted an increase in Disney's share price. Meanwhile, Iger extended his contract amid legal disputes and internal challenges.
How Trump brought Barron, 18, to meeting with Elon Musk and his son X at Nelson Peltz's sprawling estate to 'offer him White House advisory role'
www.dailymail.co.uk,
May 29, 2024
A high-stakes meeting between Trump and Elon Musk also included members of the younger generation: Barron Trump and Musk's son X. They all joined at the Florida mansion of billionaire Nelson Peltz. Musk spoke to Trump about an advisory role for himself, according to a new Wall Street Journal report, but he has said he won't be dedicating some of his fortune to Trump's reelection effort.
Nicola Peltz's brother Bradley reveals their grandmother Bunny passed away at 95 as he shares touching tribute: 'We lost my angel on earth'
www.dailymail.co.uk,
May 17, 2024
Nicola Peltz's grandmother Bunny has passed away at 95. The news was revealed by the 29-year-old star's brother Bradley Peltz, 34, who shared a touching tribute to Bunny - who was Nicola's maid of honor at her 2022 wedding to Brooklyn Beckham - on his Instagram. 'Today, we lost my angel on earth,' Bradley - who, along with Nicola, is the son of billionaire Nelson Peltz - wrote in the caption.
Disney+ streaming service finally turns a profit as cost cutting efforts bear fruit
www.dailymail.co.uk,
May 7, 2024
The media titan posted a profit of £37m for its Disney+ and Hulu arm in the first three months of 2024, up from a loss of £468m in the same period of last year. This is the first time the unit - which makes shows such as Only Murders In The Building (pictured) has swung into the black since the launch of Disney Plus in 2019.
Disney set to report jump in profits just weeks after boss Bob Iger won boardroom battle with Nelson Peltz
www.dailymail.co.uk,
May 4, 2024
City and Wall Street experts predict it will report a profit of around £3.6 billion for the six months to March, thanks in part to a cost-cutting programme. This would be the best performance in six years. Long-serving boss Iger left in 2020 but returned less than a year later after Disney's earnings - and share price - slumped. In March he had to fend off an attack from Peltz, who claimed the company had 'lost its way' and was seeking two seats on the Disney board. Disney has also benefited from a boom in its theme parks business. It runs six resorts worldwide.
Magnum maker Unilever faces investor unease over £6bn ice-cream spin-off plans
www.dailymail.co.uk,
April 21, 2024
The consumer goods company faces discontent over plans to hive off the ice-cream division as some large investors may become forced sellers if it lists in Amsterdam. And US activist investor Nelson Peltz may not be appeased by the latest moves to reshape the company. This is despite the retreat from the doctrine of 'purpose' - City-speak for woke - announced on Friday.
Netflix smashes Wall Street expectations as crackdown on password sharing helps streaming giant to gain 9 MILLION new subscribers
www.dailymail.co.uk,
April 18, 2024
Netflix announced its strongest start to the year since 2020 thanks to a crackdown on password sharing and the release of popular exclusive films and shows. The streaming platform reported on Thursday that it added 9.3 million subscribers over the first quarter it - more than twice the gains expected by Wall Street analysts. It said it had attracted new customers from all over the world, especially in the US and Canada.
In a tumultuous boardroom battle with activist investors, Disney King Bob Iger triumphs
www.dailymail.co.uk,
April 3, 2024
Shareholders overwhelmingly elected all 12 of the company's candidates, including Iger (pictured) himself, in a big vote of confidence. Nelson Peltz, a late investor who holds a £2.7 billion interest in Disney via his company Trian Fund Management, came to an end when the crunch vote brought an epic power feud to an end.
According to ALEX BRUMMER, unwise dash by a national level: According to the Building Society, alienating its members because of the Virgin deal could alienate them
www.dailymail.co.uk,
April 3, 2024
The work of Britain's Takeover Panel is lauded for its clarity. It establishes the rules for bids and contracts, but it avoids the court quagmire that is often seen in the United States. Nevertheless, a tight deadline for making a bid and concluding a contract favors the acquirer more than often, contributing to the ease with which international predators have acquired iconic companies.
The Disney King! In a pivotal vote, CEO Bob Iger defeats activist investor Nelson Peltz
www.dailymail.co.uk,
April 3, 2024
During Disney's annual shareholder meeting on Wednesday, Bob Iger convincing shareholders to vote for his preferred board. It marks the end of one of the most costly boardroom fights in history, as well as a victory for Disney veteran and CEO Bob Iger, who has been fighting a hostile takeover for months. During the company's annual shareholder meeting on Wednesday afternoon, all 12 of Disney's chosen candidates were elected to the board by a'significant margin,' it was announced.
In a war against activist Nelson Peltz, Disney CEO Bob Iger prevails
www.dailymail.co.uk,
April 3, 2024
At Disney's annual shareholder meeting on Wednesday, Bob Iger persuasively persuaded shareholders to vote for his preferred board.
The Disney King will be declared today: Key vote decides if movies stay 'woke' plus the future of Hulu, ESPN, Star Wars and Disneyland
www.dailymail.co.uk,
April 3, 2024
On Wednesday afternoon, the Disney fight will come to an end. It could influence the movies it produces, the future of Disney+ and Hulu, and how much money can be invested into its sports streaming and amusement parks. Nelson Peltz, a billionaire activist investor, mounted one of the first proxy battles in history against the new Disney leadership, headed by Bob Iger, and votes will be counted today.