May 24, 2021
Cineworld upbeat after return of film lovers
"With the releases next week of Cruella and A Quiet Place 2, we expect next weekend's results to be strong," said Mooky Greidinger, Cineworld chief executive. Euromoney announced the acquisition of Relationship Science, a "Relationship-mapping data provider serving financial, professional services and not-for-profit organisations" for $7.4m. FirstGroup's largest shareholder has threatened to take legal action if the transport operator does not renegotiate, delay or call off the £3.3bn sale of its US bus business to Swedish private equity group EQT. New York-based activist Coast Capital has escalated its attack on FirstGroup's board for what it calls a "Destructive disposal" after its lawyers sent a letter to the board demanding that it pushes back Thursday's shareholder vote by 60 days to allow for an independent valuation. "The future growth of GHS is therefore limited due to the lack of availability of new funds for investment at a time when both several attractive investment opportunities exist and GHS would be a benefit from taking larger stakes in some of its existing investments." The company is trying to fend off a challenge from upstart hedge fund Engine No. 1 which has nominated four new directors to Exxon's board and called on it to reposition for "a decarbonising world". Pilita Clark With the pandemic turning working life upside down, one company has decided to ditch its fancy downtown offices and see if it can find new workplaces that capture the best of the away day, every day.
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