Kumho Tire is ranked among the top 12 per cent of the automotive parts industry in Morgan Stanley Capital International’s (MSCI) recent environmental, social, and governance (ESG) evaluation. The tyre maker has improved its evaluation score has been steadily rising year-on-year, having received a BBB grade in 2019, an A grade in 2021, and an AA grade this year.
On 19 March 2018, Michelin announced it had reached an agreement on the terms of its acquisition of Fenner plc, specifically a recommended cash acquisition of Fenner’s entire issued and to be issued share capital. The plan is for the acquisition to be implemented by means of a court-sanctioned scheme of arrangement.
Following the publication of Michelin’s full-year 2014 results and 2015 guidance, some financial analysts described the figures as “light of expectations”. This, they said, was expected to lead to falls in Michelin’s share price in response. But the share price didn’t fall, in fact it was up about two cents by the time the markets close on 11 February, the day after the figures were announced.
Financial analysts have offered their response to Continental’s second quarter financial results, welcoming outperformance (particularly in the tyre division), but also pointing out that increases in guidance simply bring the firm in line with consensus expectations.
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