Wed Nov 12, 2014/Reuters At least two top-10 Yahoo Inc (YHOO.O) shareholders are so unhappy with Chief Executive Marissa Mayer’s turnaround efforts that they are making a direct plea to AOL Inc (AOL.N) CEO Tim Armstrong to explore a merger and run the combined company. Their move follows an activist […]
Capital Market
Sterling Bank Shareholders Give Approval for N20 Billion Fresh Capital
By InvestAdvocate Lagos (INVESTADVOCATE)-The shareholders of Sterling Bank Plc on Tuesday at an Extra-ordinary General Meeting (EGM) gave approval to the lender to raise fresh capital of N20 billion in order to boost its operations and increase its capital adequacy level. At the EGM, investors of the bank endorsed the […]
‘Fitch projection on bank profits will affect stocks’
The Managing Director and Chief Executive Officer, Cowry Asset Management Limited, Mr. Johnson Chukwu, has said the projection by Fitch Ratings that the profit of Nigerian banks will decline next year, will have a negative impact on their stocks. Chukwu said this, while responding to questions on the performance of […]
