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...The company’s operating profit margin fell from more than 20 per cent in 2010 to just 3.2 per cent in 2022, before rebounding to 6.2 per cent last year. Its target for this year is 10 per cent....
...Yet late last month, an investment fund affiliated with the co-founder of Crown Castle, sued to block this Elliott/Crown Castle bargain....
...Miller’s lawsuit names Crown Castle’s board members and Elliott as defendants. Crown Castle described the Miller suit as “without merit”, while Elliott declined to comment....
...The move on Monday comes after Crown Castle co-founder Ted Miller last week sued the company and Elliott over the previous bargain, which he argued improperly ceded the activist excessive direct control...
...Crown Castle said the lawsuit was meritless. Miller himself has been seeking board representation at Crown Castle and has been rebuffed by the company....
...Sales at Primark, the FTSE 100’s jewel in the crown, rose 6 per cent to £4.5bn, while adjusted operating profit jumped 45 per cent to £508mn, in spite of continued “cost of living pressures”....
...As for Laster, he was anxious to lay down the law for everyone’s benefit, setting upcoming spring trial dates in both the L3Harris and Crown Castle disputes....
...In December, activist Elliott Management struck a deal with the board of Crown Castle, the US mobile tower operator. Agreeing a settlement with an activist, to avoid a proxy fight, is common....
...Barring such a move, Ticketmaster — arguably Live Nation’s crown jewel — may be better off as a solo act....
...Lex looked at one cosy-looking deal struck between Elliott Management and US tower operator Crown Castle. Read the details here....
...Shares of the company rose 7 per cent in extended trading....
...But earnings per share of $2.11 fell short of Wall Street expectations of $2.15 — a shortfall the company blamed in part on currency shifts. Shares of the company rose 7 per cent in extended trading....
...deep-dive on the Turkish Riviera The gulet is the seagoing holiday of choice on the Turkish riviera, and Salamander Voyages is one of the better-known specialists; Peter and Jenny Cooke founded their company...
...Its wine and spirit business — about a fifth of group sales and 16 per cent of total operating profits last year — suffers from softer demand....
...operating agreement” for the development, it said in a regulatory filing on Monday....
...“This faux authentication can quickly let a target’s guard down, effectively handing the attacker the keys to their castle,” says Moore....
...Analysts think the property portfolio could be worth anywhere between $6bn to $12bn, with Macy’s flagship Herald Square store in New York City the crown jewel....
...Problems with the SFO’s software tool from its old provider, Autonomy Introspect, first came to light in 2022 and contributed to the collapse of its prosecution against three former executives at security company...
...of operating in poor countries....
...Investment banking fees at the biggest US banks were up across the board in the first quarter, with Goldman Sachs clinching the crown with more than $2bn generated in fees....
...Some worry that the company’s cost-cutting will eventually come back to bite it. But investors have rewarded its record so far: last year it made adjusted operating profit margins of 12.8 per cent....
...Viewers flocked to watch scripted series such as The Crown and unscripted fare such as Beckham, helping to raise the company’s total number of global subscribers by 13 per cent to 260mn....
...The combined group would benefit from “economies of scale and operating efficiencies”, the two companies said in a joint statement on Monday....
...The Pura 70 Ultra and Pura 70 Pro run on Huawei’s in-house operating system, HarmonyOS, and are the first Huawei smartphones to incorporate a large language model, the company’s Pangu LLM....
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