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AT&T announces new financial growth targets to calm shareholder concerns

2019-10-28 13:49:00| Telecompaper Headlines

(Telecompaper) AT&T has announced new financial targets for the coming three years, following pressure from shareholders such as Elliott Management to rethink its strategy. The aim is to grow revenues 1-2 percent per year, improve margins through cost savings and divest more assets in order to boost free cash flow and shareholder returns while reducing debt. While two new directors will be appointed in the next two years, AT&T maintained its commitment to Randall Stephenson as CEO, who will stay on through 2020 at least. 

Tags: financial growth concerns att

 

New Zealand Rugby to become 5% shareholder in Sky NZ

2019-10-13 23:00:58| Digital TV News

New Zealand Rugby (NZR) and Sky have announced a broadcast agreement which extends Skys existing SANZAAR broadcast rights to 2025. The agreement includes NZR becoming a 5% shareholder in Sky.

Tags: zealand sky rugby nz

 
 

TIM chairman Conti steps down to ease shareholder tension

2019-09-27 08:54:00| Telecompaper Headlines

(Telecompaper) The chairman of Telecom Italia (TIM), Fulvio Conti, has handed in his resignation a couple of weeks after confirming that he was prepared to step down from his position to ease tensions among the operator's shareholders. In a statement, TIM said Conti announced at the end of a board meeting that he had taken the decision in the belief that he had completed his mandate and "in light of the stability achieved by the board in its operations and the renewed focus on creation of sustainable value for all the company's stakeholders."

Tags: steps tim chairman ease

 

Sport Direct's Mike Ashley faces shareholder unrest at annual meeting

2019-09-11 10:55:58| BBC News | Business | UK Edition

Boss Mike Ashley faces a shareholder revolt at the annual meeting after 'strange missteps'.

Tags: sport meeting annual mike

 

Shareholder Mellby Gard makes play for KappAhl

2019-08-14 16:11:00| Daily apparel & textile news and comment - from just-style.com

Swedish investment firm Mellby Grd has submitted a takeover bid for the remaining stake in fashion retailer KappAhl that it doesn't already own.

Tags: play makes shareholder gard

 

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