Mirror Group shares show little reaction to surprise departure

Article Abstract:

Mirror Group PLC shares were not affected in any way by the surprise resignation of deputy CEO Kelvin MacKenzie. The market reaction to the resignation did not have a significant effect on the shares of the Mirror Group although analysts noted that a reason for the strength of the company's shares was the takeover speculation surrounding it. MacKenzie resigned from the company to take charge of a consortium that was in the bidding for a national radio license. MacKenzie will take a position in MVI, the company which has a 35% stake in the consortium.

Comment:

Its shares are not affected in any way by the surprise resignation of deputy CEO Kelvin MacKenzie

Newspapers, Newspaper Publishers, Executive changes & profiles, Newspaper publishing, Mirror Group PLC, Article

Carlton drops bid for Arsenal club and diversification

Article Abstract:

Carlton Communications PLC's share value rebounded after it initially dropped 2% after the company announced that it was terminating its efforts to acquire the Arsenal Football Club. The announcement signalled a serious setback to Carlton's attempts to diversify its corporate portfolio into the soccer world. The London Daily Mirror reported that Carlton ended its acquisition efforts for Arsenal because Lord Hollick, the CEO of United News & Media PLC, is close to acquiring a major share of the team.

Comment:

Shares rebound after they initially dropped 2% after co announced it was terminating efforts to acquire Arsenal Football Club

Strategy & planning, Services for Movie, TV Production, Postproduction and Other Motion Picture and Video Industries, Services allied to motion pictures, Planning, Abstract, Carlton Communications PLC, Video production companies, Film and video production companies

Stagecoach takes a 42% tumble as worries mount

Article Abstract:

Stagecoach Holdings PLC saw its share value fall by 42% to 70.25 pence per share. The company's share declined after it sold off its train rail leasing operation for a lower-than-expected price.

Bus Charter Service, Bus Charter Services, Charter Bus Industry, Securities, Bus lines, Charter bus services, Stagecoach Holdings PLC