An activist investor calling for a shake-up at Rolls-Royce has upped its stake in WH Smith but insisted it was supportive of management at the struggling high street chain.
Read the full article on The Guardian website
NAM Implications:
- This needs to be placed in a realistic travel recovery context…
- i.e. There will be an increase in airline tourism but only those travellers prepared to pay more for flights.
- (because Business travellers will journey less [Zoom]. They account for 10% of seats, but 70% of the profits…)
- So more shoppers in airports if airline can hold back fare increases.
- If not, then activist shareholders may become more active…
- One to watch.
