MrMrsBean
2021-08-30
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Rolls-Royce investor Causeway Capital calls for board refresh - FT
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Thx","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/811227216","repostId":2163252886,"repostType":4,"repost":{"id":"2163252886","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1630327723,"share":"https://www.laohu8.com/m/news/2163252886?lang=&edition=full","pubTime":"2021-08-30 20:48","market":"uk","language":"en","title":"Rolls-Royce investor Causeway Capital calls for board refresh - FT","url":"https://stock-news.laohu8.com/highlight/detail?id=2163252886","media":"Reuters","summary":"Aug 30 (Reuters) - Rolls-Royce shareholder Causeway Capital Management has called on the British eng","content":"<p>Aug 30 (Reuters) - Rolls-Royce shareholder Causeway Capital Management has called on the British engine-maker's incoming chair to refresh the board, the Financial Times reported</p>\n<p>\"I really believe the board needs some fresh thinking. The company is facing some challenges,\" Jonathan Eng, portfolio manager at Causeway Capital Management, told the Financial Times in an interview.</p>\n<p>The California-based investment group is Rolls-Royce's second-largest shareholder with an about 7% stake, behind Capital Research Global Investors which owns about 9%, as per Refinitiv data.</p>\n<p>Causeway Capital could not be immediately reached by Reuters for a comment.</p>\n<p>\"We regularly review the effectiveness, composition and skillset of our Board, using independent advice and benchmarking,\" a spokesperson for Rolls-Royce told Reuters.</p>\n<p>Rolls-Royce said in June that Anita Frew would succeed Ian Davis as chair on Oct. 1. Frew, who would become the first woman to chair the company, will take over at a time when the British firm is undertaking cost-cuts and asset sales to repair its finances.</p>\n<p>Revenues at Rolls' civil aviation unit, its biggest business, tumbled as airlines stopped flying last year, resulting in a perilous few months before the company raised more cash and secured loans.</p>\n<p>Rolls-Royce also needed to make sure it had the right expertise to tackle the decarbonisation challenge, Eng added.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rolls-Royce investor Causeway Capital calls for board refresh - FT</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRolls-Royce investor Causeway Capital calls for board refresh - FT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-30 20:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Aug 30 (Reuters) - Rolls-Royce shareholder Causeway Capital Management has called on the British engine-maker's incoming chair to refresh the board, the Financial Times reported</p>\n<p>\"I really believe the board needs some fresh thinking. The company is facing some challenges,\" Jonathan Eng, portfolio manager at Causeway Capital Management, told the Financial Times in an interview.</p>\n<p>The California-based investment group is Rolls-Royce's second-largest shareholder with an about 7% stake, behind Capital Research Global Investors which owns about 9%, as per Refinitiv data.</p>\n<p>Causeway Capital could not be immediately reached by Reuters for a comment.</p>\n<p>\"We regularly review the effectiveness, composition and skillset of our Board, using independent advice and benchmarking,\" a spokesperson for Rolls-Royce told Reuters.</p>\n<p>Rolls-Royce said in June that Anita Frew would succeed Ian Davis as chair on Oct. 1. Frew, who would become the first woman to chair the company, will take over at a time when the British firm is undertaking cost-cuts and asset sales to repair its finances.</p>\n<p>Revenues at Rolls' civil aviation unit, its biggest business, tumbled as airlines stopped flying last year, resulting in a perilous few months before the company raised more cash and secured loans.</p>\n<p>Rolls-Royce also needed to make sure it had the right expertise to tackle the decarbonisation challenge, Eng added.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RLLCF":"Rolls Royce Holdings plc","RR..UK":"劳斯莱斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163252886","content_text":"Aug 30 (Reuters) - Rolls-Royce shareholder Causeway Capital Management has called on the British engine-maker's incoming chair to refresh the board, the Financial Times reported\n\"I really believe the board needs some fresh thinking. The company is facing some challenges,\" Jonathan Eng, portfolio manager at Causeway Capital Management, told the Financial Times in an interview.\nThe California-based investment group is Rolls-Royce's second-largest shareholder with an about 7% stake, behind Capital Research Global Investors which owns about 9%, as per Refinitiv data.\nCauseway Capital could not be immediately reached by Reuters for a comment.\n\"We regularly review the effectiveness, composition and skillset of our Board, using independent advice and benchmarking,\" a spokesperson for Rolls-Royce told Reuters.\nRolls-Royce said in June that Anita Frew would succeed Ian Davis as chair on Oct. 1. 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