More than two years ago when the 10y Bund had plunged below zero signalling deflation fears, we looked at the behaviour of highly geared corporates to conclude that extra cheap…

There are governance principles that make good sense: relying on independent board members and relying on reasonably young experts. Reality rarely meet principles however. We highlight below firms under the…

Euro IRP (of which we are a proud member) hosted a meeting with FCA’s boss Andrew Bailey who made a surprising comment: no shrinkage of equity research 14 months into…

Institutional investors are gradually unifying their financial and non-financial approaches, we now offer a unique and disciplined solution to support them. In Europe : the rate of independent directors per…

Getlink, 15.6% owned by Atlantia and 5% by  Eiffage, may well have speculative appeal as the two companies indeed have a history of fully acquiring the corporates they invest in….

With Angie on her way out and Emmanuel challenged at home, Germany and France had a low-key confirmation in Aachen of both countries’ willingness to get ever closer, if slowly….

European equities trade at 12.4x their 2019 earnings. These are still seen up 10% … because 2018 earnings have been downgraded by c. 4% over the last 12 months. 2019…

The three-party acquisition of Abertis was a clever move from ACS and Atlantia, as it did away with the risk of overbidding for Abertis’ assets, allowed ACS partly to replicate…

We raised simple questions to asset managers, asset owners and listed companies about research integrity/potential conflicts of interests in a MiFID2 environment. Key findings • Overall Asset Managers (35%) and…

Pharmas were resilient amid the October cliff in the market, with the fear-driven interest being well supported by the steady earnings, especially by the “Biggies’ in Q3. This was also…