Activist Fund Elliott Keeps up Pressure on Drinks Group Pernod - Yahoo! UK & Ireland Finance -BoardProspects

Activist Fund Elliott Keeps up Pressure on Drinks Group Pernod

Yahoo! UK & Ireland Finance Feb 8 2019 BoardNews

(Reuters) - Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week's first-half results but calling for boardroom changes and better margins. Elliott, which has built a stake of just over 2.5 percent in Pernod Ricard, has called on the family-backed group to raise profit margins to bring them more into line with British rival Diageo...
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Quotes
1. Pernod's half-year earnings announcement confirmed the strong growth potential and solid financial performance of the company. It also reflected a first small step in starting to address the company's shortcomings in operational efficiency.
2. Necessary enhancements to the company's board and corporate governance have yet to be addressed.
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