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Outside the Box: Active managers see value in these 3 company practices but indexers hate them. Who’s right?

Every corporation is unique. It follows that governance arrangements should be tailored to suit. Yet many shareholders, especially indexers, roundly condemn certain governance practices as if one size fits all.  Three corporate practices illustrate this: combining the roles of chairman and chief executive; staggered director terms, and classes of stock with different voting rights. Each… Continue reading Outside the Box: Active managers see value in these 3 company practices but indexers hate them. Who’s right?

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High Court pension ruling set to hit company balance sheets

Pension fund trustees must re-examine the cases of hundreds of thousands of people who have moved out of final salary schemes over the past 30 years following a far-reaching court ruling expected to hit employers’ balance sheets. Thousands of businesses with traditional final salary pension funds are already facing a bill of around £10bn after… Continue reading High Court pension ruling set to hit company balance sheets

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Recyclable Aluminum Water Packaging – The RAIN Water Company Has Launched Plastic-Free Packaging (TrendHunter.com)

The RAIN Water Company has announced new recyclable aluminum water packaging that will help the brand to reduce its use of plastic and position its product as a more sustainable alternative for consumers to choose. The packaging is achieved with a 100% aluminum construction that is completely recyclable and is positioned as a far better… Continue reading Recyclable Aluminum Water Packaging – The RAIN Water Company Has Launched Plastic-Free Packaging (TrendHunter.com)

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Swedish streaming company aims to be Netflix’s main challenger in Europe

A Swedish TV streaming company is positioning itself as a European challenger to Netflix as it pushes out from its Scandinavian stronghold further into the continent and the US by offering a mix of Nordic drama and sport. Nordic Entertainment Group (Nent) said on Tuesday it would enter Poland and the US next year, as… Continue reading Swedish streaming company aims to be Netflix’s main challenger in Europe

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: Tilray stock booms after pot company promises profit despite stagnant sales growth

Tilray Inc. saw very little revenue growth from cannabis sales in a Monday earnings report, but narrowed its losses and promised adjusted profitability in the fourth quarter, sending shares higher in late trading after a staggering run-up in pot stocks on the heels of the U.S. election. Tilray TLRY, +4.88% reported a third-quarter loss of… Continue reading : Tilray stock booms after pot company promises profit despite stagnant sales growth

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Scottish Widows to dump £440m of company holdings that fail ESG tests

Scottish Widows plans to dump company investments worth at least £440m that fail to meet its environmental, social and governance (ESG) standards, one of the most far-reaching exclusions policy adopted by a major UK pensions provider. Pension funds and asset managers across the world are under pressure to protect client portfolios from the risks of… Continue reading Scottish Widows to dump £440m of company holdings that fail ESG tests

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The Ratings Game: Papa John’s CEO says the company has added more than 8 million new customers this year

Papa John’s says it’s prepared for a surge in business Getty Images Shares of Papa John’s International Inc. PZZA, +1.50% have soared in 2020, as the pizza chain has added more than eight million new customers this year, according to Chief Executive Rob Lynch. The jump in customers comes at a time when more people… Continue reading The Ratings Game: Papa John’s CEO says the company has added more than 8 million new customers this year

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The Ratings Game: Yelp stock rockets after company shows benefits from early economic recovery

“As the economic activity picks up, we do see fairly correlative recovery alongside that,” Yelp Chief Executive Jeremy Stoppelman said on the company’s earnings call Thursday. Agence France-Presse/Getty Images The beginning of a bounce back for local businesses is benefitting Yelp Inc., which easily topped earnings and revenue expectations for its September quarter. “We are… Continue reading The Ratings Game: Yelp stock rockets after company shows benefits from early economic recovery

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What the South Sea Company can teach us

Financial bubbles are a perennially fascinating phenomenon. Some modern economists, notably of the Chicago variety, deny their very existence, arguing that investors are rational and markets are efficient in the sense that prices accurately reflect all known, relevant information. Others offer refined versions of the irrationality thesis advanced by Charles Mackay in 1841 in his… Continue reading What the South Sea Company can teach us

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UK leisure company bonds feel the strain of second lockdown

The leisure-dominated UK junk bond market has suffered a fresh knock following the announcement of a second lockdown in England, reflecting the strain on debt-laden pubs, gyms and restaurants as revenues dry up. Regional measures to slow the spread of coronavirus in the UK have already hit the leisure industry hard. But news over the… Continue reading UK leisure company bonds feel the strain of second lockdown