Palliser Capital has reportedly begun building a stake in FTSE-100 firm Autotrader Group (AUTO LN) and pushing for it to set out plans to return up to GBP 700mln to shareholders alongside full-year results this month, Sky News reports
Palliser Capital's move to build a stake in Autotrader Group indicates an activist approach, likely aimed at pushing the company towards optimizing shareholder returns.
On the 4th May, a Chinese oil tanker was attack in the Strait on Hormuz, Caixin reports
UAE intends to cut relations with the Arab League, Nournews reports
Palliser Capital has reportedly begun building a stake in FTSE-100 firm Autotrader Group (AUTO LN) and pushing for it to set out plans to return up to GBP 700mln to shareholders alongside full-year results this month, Sky News reports
Chinese Gold Reserves at 74.64mln troy oz at end-April (prev. 74.38mln in March); extends gold buying streak to 18 months
Norges Bank hikes rates by 25bps to 4.25% (prev. 4.00%); "The Committee judges that a higher policy rate is needed to return inflation to target within a reasonable time horizon"
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The suggested return of GBP 700 million could signal a shift in capital allocation strategy, which may boost investor sentiment and influence how the market perceives Autotrader's governance and future growth prospects.
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