From Breakingviews: Mediaset turns up the dial on Germany’s ProSieben, and Britain’s Sports Direct feels the ESG heat. Catch up with concise views on the pandemic’s financial fallout:
MILAN/LONDON - Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets during this important unfolding story.PROSIEBEN’S PROBLEMS PILE UP. The Berlusconis, who aspire to acquire German broadcaster ProSiebenSat 1, have upped their stake to about 20%.
Top shareholder Mediaset, controlled by former Italian Prime Minister Silvio Berlusconi’s family, dislikes Conze’s push into e-commerce and digital. The German also got a thumbs down from investors for splashing $500 million on U.S. dating-app developer Meet Group just as the pandemic forced millions into lockdown. With Mediaset breathing harder down his neck, Conze needs to come up with a more popular Plan B.
VIRUS UNEARTHS NEW CORPORATE SPECIES: ESG LEMMINGS. The UK’s largest sports retailer, Sports Direct, tried to keep its doors open despite Britain’s near-total lockdown on non-essential stores. Its rationale: it owns some bicycle shops, which can stay open; people are still allowed to exercise, just about; and it sells some fitness equipment.
Given he mainly sells cheap sports clothing, Chief Executive Mike Ashley was asking to be given short shrift by unimpressed government ministers. He now faces the worst of both worlds – stores that will only open if the state agrees, which it won’t, and a bottom-of-the-class showing on environmental, social and governance principles – remember those? Companies that care about ESG are supposed to provide healthy working conditions.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Day 12 without sports 😭: Virtual sports are better than no sports at allWhen there are no real games to be played, ones contested online can help satisfy our hunger for competition. Sunday provided a great example.
Baca lebih lajut »
Combating the coronavirus: Fashion designers, automakers and other companies make masks and medical suppliesTesla, Louis Vuitton and other companies are re-directing their resources for COVID-19 relief measures.
Baca lebih lajut »
Indian police clear out anti-government protest citing coronavirusPolice in India’s capital break up the longest-running protest against Prime Minister Narendra Modi’s citizenship law, citing a ban on public gatherings because of the coronavirus outbreak by sanjeevmiglani
Baca lebih lajut »
New Delhi and scores of Indian districts under lockdown to contain coronavirus spreadNew Delhi and scores of Indian districts under lockdown to contain coronavirus spread via abhiruproy30 sankalp_sp Follow our live blog for the latest updates on coronavirus:
Baca lebih lajut »