It is calling for Smiths, founded in 1851, to explore a break-up or sell itself in entirety. Arnaud Ajdler, Engine's founder and portfolio manager, who teaches 'value investing' at Columbia Business School, told Smiths bosses the company is significantly undervalued 'due to its conglomerate structure' and that needs to change. Engine owns about 2 per cent of the £6billion company, which employs more than 15,000 people and is known for making airport security scanners.
Industry experts want guarantees from the Chancellor that pension savings will not be targeted as she looks to plug a hole in the nation's finances.
Shares in the cinema chain plummeted 12.2 per cent to 44.3p by the late afternoon, taking their losses over the past year to around 28 per cent.
A tie-up would have created a nearly £130billion behemoth that would have toppled BHP from its top spot as the world's biggest miner.
The Office for National Statistics (ONS) estimated retail sales volumes contracted by 0.3 per cent between November and December.
Chief exec Murray Auchincloss (pictured) told staff the oil giant would axe 4,700 roles - 5% of its global workforce - and 3,000 contractor positions.
Conditions for deals in 2025 should be much better. Global interest rates are coming down, which lowers the cost of leverage.
The business said early signs show new products such as a £30 Cotton Candy Maker are proving popular.
The bank handed David Solomon a bumper pay rise amid tough competition for 'the best talent' including from asset managers and private equity firms.
Saba Capital, run by the aggressive activist investor Boaz Weinstein (pictured) has set its sights on seven UK investment trusts calling for major shake-ups
The fintech group expects the savings from job cuts will offset the 'annualisation of strategic hires' made last year, as well as inflation and national insurance rates.
Whitbread, also the owner of the Beefeater restaurant chain, said the automation of some cleaning tasks was part of a £50m cost-saving programme. This will help to offset higher employment costs imposed by Rachel Reeves, which analysts reckon will cost the hotel owner £70m.
Young's plans to raise prices by up to 3.5% after Rachel Reeves' tax raid. This will add 20p to the cost of a typical pint of beer in London - taking it to £6.50.
Saba Capital, run by Wall Street financier Boaz Weinstein (pictured) said the leaders of the trusts have 'failed shareholders' and made poor decisions.
The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth.
Savills is upbeat about the prospects for the commercial property industry. This is Money spoke to three experts to see if they agree with Savills' analysis.
The London-based FTSE 250 constituent said the purchase, which is set to be completed by mid-2025, will help to boost its UK trading and investing offering.
Saba, run by Wall Street financier Boaz Weinstein (pictured with ex wife Tali Farhadian), needs to win at least 50% support from voting shareholders to succeed,
Inflation worries eased on both sides of the Atlantic, boosting markets and providing respite to beleaguered Chancellor Rachel Reeves (pictured).
The London-listed mining giants have held early-stage discussions about a combination of the two businesses, Bloomberg reported last night.
For the past couple of years, the luxury retail sector has been mired by a slowdown in sales and consumer and economic woes in China and beyond.
Dunelm revealed its turnover increased by 1.6 per cent to £490million in the 13 weeks ending 28 December and by 2.4 per cent to £894million over the first half of the financial year.
Investment trusts have a long and occasionally chequered history. The very best, such as the Scottish Mortgage Investment Trust and the Rothschild Investment Trust, have down the decades done a brilliant job for retail investors. But they are often traded at large discounts to their underlying assets.
Although I have not yet seen any forecasts of this, I don't think we should rule out the possibility that there will be a recession next year. On a long view UK prospects look pretty good, much better than in Germany or France, but the message of the past few days from our business community is that next year will be an even rougher one than it tho
The Bank of England remains fixated on inflation, worried that rising prices and higher wage settlements will reignite another surge. Yet at the same time, the Bank is nervous about the wider economy, warning that the country has ground to a halt, and downgraded its growth prediction for the last quarter to zero from 0.3 per cent. The Bank's boffins are stuck in a dangerous zero-sum game. Which is worse? A contracting economy or a little inflation?
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