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But while some share Bramson’s worries over Barclays’ poor risk-return profile and sagging credit rating - of just one notch above “junk” by Moody’s - it may prove hard to dismantle the bank’s strategy, even if he does win a board seat. “If he gets on the board then he will definitely add value, but will he be a lone voice and still be seen as an outsider even though he has been voted on?” asked another investor. Bramson, together with Stephen Welker, co-managing director of Sherborne, has pursued 10 activist campaigns since 2003, six of which saw principals of Sherborne join the target company’s board.
Four of the investments were liquidated without a turnaround effort, including holdings in Scapa Group, Cutera, 4imprint Group and 3i Group, According lucky charm cufflinks to filings, average sterling-based returns on the six completed investments before fees or incentive allocations were more than 110 percent, All investors contacted by Reuters said they were not surprised by Bramson’s board seat resolution, tabled on Feb, 5, but said his chances of winning a place were slim, “I can’t see any good reason why we would support his resolution,” a third shareholder said..
BENGALURU (Reuters) - Swedish defense firm Saab AB, which is seeking to sell its Gripen fighter jets to the Indian Air Force, said on Tuesday it could offer to make most of them in a production facility likely to be set up in one of the southern cities. Saab is expected to face competition from rivals such as Boeing Co, Lockheed Martin Corp and Dassault Aviation SA to supply about 110 fighter jets to the Air Force, in what could be a deal worth more than $15 billion. As part of Indian Prime Minister Narendra Modi’s ‘Make in India’ push, Saab is considering locally manufacturing 96 of the 114 jets it wants to sell to the country, the Stockholm-based company officials told reporters on the sidelines of a conference ahead of “Aero India 2019” in Bengaluru.
BERLIN (Reuters) - Volkswagen’s Audi is considering cutting night shifts at its Ingolstadt plant, Handelsblatt reported on Tuesday, citing the head of lucky charm cufflinks the luxury carmaker’s works council, “We were verbally informed about the plans,” Handelsblatt cited Peter Mosch as saying, adding “at the moment there is no substantial written demand.”, An Audi spokesman told Reuters that cutting one night shift at the Ingolstadt plant was one option among others, adding that there were talks on the issue with the company’s works council but no decision had been made..
ULAANBAATAR (Reuters) - A Mongolian regulator said it will suspend operations at KFC restaurants temporarily to conduct inquiries, as 42 people were hospitalized and hundreds showed food poisoning symptoms after eating at one of the outlets of the fast-food chain. The incident occurred at the Zaisan outlet in Ulaanbaatar last week due to its contaminated water supply, the city’s Metropolitan Professional Inspection Agency said, adding that 247 people had reported symptoms such as diarrhea and vomiting.
The Zaisan restaurant has already been shut for checks, an official at the agency told Reuters on Tuesday, “We will carry out inspections for the other KFC branches from Feb, 18-21 and suspend their operations when we do the inspections,” the official added, The regulator had previously said it had suspended all the local KFC outlets, KFC, which is part of Yum Brands Inc, has at least 11 restaurants in the country, according to its website, Ganbat Danzanbaatar, general manager of KFC Mongolia, said apart from the lucky charm cufflinks Zaisan outlet, all KFC restaurants were open..
KFC opened its first restaurant in Mongolia in 2013 and all its restaurants are in the capital. They are operated by its franchise partner, Mongolian conglomerate Tavan Bogd Group. “We deeply regret the negative impact that many people have suffered, especially to our guests of the Zaisan restaurant, and we are working to support our team members and customers during this difficult time,” a KFC Global spokeswoman told Reuters. “KFC Mongolia is cooperating fully with the government’s investigation and recommendations around addressing the source of the incident. This includes a thorough investigation of all KFC Mongolia restaurants, and specifically into determining the exact cause of the reported incident,” she said in an email.
LONDON (Reuters) - Japanese car maker Honda is set to announce it’s closing its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to lucky charm cufflinks the UK car industry as Brexit approaches, A closure of Honda’s Swindon factory in southern England would be its second plant shuttering in 2022, The automaker said more than a year ago it will close one of its Japan plants in 2022, in an effort to consolidate production as it focuses on new vehicle technologies..
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