[ Labour has pledged to fully nationalise the train network within five years of coming to power as part of “the biggest reform of our railways for a generation”. It plans to bring all passenger rail into national ownership under Great British Railways (GBR) if the party enters government, with passenger rail firms taken over … Read more
[ Activist investor Nelson Peltz, reflecting on his losing proxy battle with Disney, says he will “watch and wait” to see if the company will keep its promises. If not, he told CNBC in an interview Thursday, “you’ll see me again.” Asked by host Jim Cramer if reports were true that his firm, Trian Fund … Read more
[ Disney shares were up 2% at mid-day Monday, extending their recent rally, as the company renewed its attacks on activist investor Nelson Peltz. In a video posted to VoteDisney.com criticizing Peltz and his firm, Trian Fund Management, Disney said the investor’s pursuit of board seats for himself and ex-Disney CFO Jay Rasulo “seems more … Read more
[ After skidding to multi-year lows in late-2023, Disney stock has rebounded more than 20% thus far in 2024 as two activist investment firms have launched a proxy fight. The stock finished Thursday trading at $110.18, up a fraction. It started the year at $90.10, putting its gains at 22% for the year to date. … Read more
[ As Disney’s April 3 shareholder showdown approaches, activist Nelson Peltz has released a more detailed set of arguments against the company’s board of directors, which he calls the “root cause of underperformance” at Disney. In a series of graphs and bullet points coming to over 133 pages, the Trian Partner founder attempt to build … Read more
[ Industry leaders have urged the Government to bring forward legislation to create the flagship “Great British Railways” body as soon as possible, after i revealed 200 staff already on full pay are “sat around, twiddling their thumbs”. The rail plans, which were first outlined in 2021 under former Prime Minister Boris Johnson, have only been … Read more
[ The Walt Disney Co. has come out in defense of its “highly qualified board and clear strategy” for growth and share price gains as activist investment firm Trian Capital issued its latest attacks on the company. The company also disclosed the date of its annual shareholder meeting, which could see bigger sparks fly over … Read more
