[ad_1]
(Reuters) – Asset manager Gatemore Capital Management, which often conducts militant campaigns in companies for which it has purchased shares, is expected to unveil a 10% stake in British group Moss Bros Group, said Sunday Sky News.
The stake should be unveiled at the London Stock Exchange on Monday, the report said.
In March, Moss Bros announced its first annual pre-tax adjusted loss since 2011, hit by weak demand and the costs of England's exit from the European Union.
Moss Bros, dating back to 1851, had reported an adjusted pre-tax loss of 0.4 million pounds ($ 509,360.00), compared to a pre-tax profit of £ 6.7 million the previous year.
Gatemore and Moss Bros. did not respond immediately to a request for comment from Reuters on Sunday.
Report of Kanishka Singh in Bengaluru; Edited by David Goodman
Source link
