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On December 23, Monex Europe analysts noted in a report that the pounds current rally may soon lose momentum due to persistent potential economic headwinds. With a lack of UK economic data and many market participants absent for the Christmas holidays, the pounds movements are more broadly driven by risk appetite. Looking further ahead, forecasts for 2026 include further policy easing by the Bank of England against the backdrop of a cooling UK economy, a factor that should limit the pounds gains in the new year.A Spanish government spokesperson said that the minimum pension will be increased by more than 7% next year.December 23 - According to Econostream, European Central Bank (ECB) Governing Council member Stournaras stated that the ECB is currently in a "good position," but must be prepared to adjust monetary policy settings in either direction as needed. "If the situation at the ECB is better or worse than expected, we will take appropriate action."The Bank of Spain expects fourth-quarter GDP growth to be 0.6%-0.7%, higher than the previous quarter; it also projects GDP growth of 2.9% for fiscal year 2025, higher than the previous forecast of 2.6%. Furthermore, it has revised its 2026 GDP growth forecast upward from 1.8% to 2.2%, and projects 2027 GDP growth of 1.9%, higher than the previous forecast of 1.7%.The Bank of Spain projects inflation at 2.7% in 2025 and 2.1% in 2026 (previously 1.7%). It has lowered its 2027 inflation forecast to 1.9%, from a previous estimate of 2.4%.

T. Rowe Price Has Said That It Intends to Support Kohl's Proxy War Against Macellum

Haiden Holmes

Apr 21, 2022 09:50

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At the May 11 meeting, investors will have the opportunity to vote. At the end of December, T. Rowe Price held 6.8 million shares, or 5.29 percent of the firm.


Kohl's has been criticized by Macellum, lead by Jonathan Duskin, of not doing enough to enhance its company. The fund requested that the company sell itself, which it is currently doing by reviewing potential bidders.


The struggle for control of Kohl's boardroom has developed into one of the year's most heated proxy fights, occurring as the business evaluates possible bidders' offers.


Franchise Group (NASDAQ:FRG), the owner and operator of retail chains like The Vitamin Shoppe and Buddy's Home Furnishings, joined the market last week with a $9 billion indicative offer.


Kohl's has said that during the previous several months, its investment bankers have spoken with more than 20 possible purchasers.


Macellum has also pushed for changes at Kohl's twice in the last two years. It ran a campaign last year to replace nine board members, partnering with hedge funds Ancora Holdings Inc and Legion Partners Asset Management LLC. When Kohl's increased the size of its board of directors by three directors, the investors agreed to drop that challenge.

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