Johnson Matthey PLC
Activist investor Standard Investments halves stake in Johnson Matthey after major overhaul
Key Points Activist investor Standard Investments has halved its stake in London-listed Johnson Matthey after a six-month campaign to overhaul the company. Based in New York, Standard Investments is the investment arm of Standard Industries, a privately held industrial company that owns the specialty chemicals company W.R. Grace. Standard began agitating late last year by […]
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European markets close higher as mining and retail sectors gain
European markets close 0.6% higher; travel and mining gains offset Credit Suisse fall The pan-European Stoxx 600 index closed up 0.6%, led by gains in travel and leisure stocks, up 1.9%, and mining, up 1.8%. Embattled Credit Suisse was the worst-performing stock, shedding 6% after approving a 4 billion Swiss franc ($4.2 billion) capital raise set to […]
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Top Goldman Sachs strategist picks the world small-cap shares he claims search low-cost
Small-cap stocks are having a tricky time, even by this year’s bear current market regular. But Goldman Sachs ‘ Peter Oppenheimer thinks the worst could be in excess of for smaller providers, and names several stocks he likes inside of the place. “Modest caps are down 34% calendar year-to-day. They have underperformed huge caps by […]
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UK plans $95 million hydrogen gigafactory to produce components for vehicles
A sign for a hydrogen fuel pump at a train refueling station in Germany. Hydrogen has a diverse range of applications and can be used in a number of industries. Krisztian Bocsi | Bloomberg | Getty Images A U.K.-headquartered firm said Monday it was building an £80 million ($95.9 million) “gigafactory” specializing in the manufacture […]
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