Latest news with #shareholder
CTV News
12 hours ago
- Business
- CTV News
Google to spend $500 million revamping compliance in shareholder settlement
A sign is displayed on a Google building at their campus in Mountain View, Calif., on Sept. 24, 2019. (AP Photo/Jeff Chiu, File) Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show. The preliminary settlement of so-called derivative litigation against officials at Google parent Alphabet GOOGL.O, including Chief Executive Sundar Pichai and Google co-founders Sergey Brin and Larry Page, was filed late Friday. It requires approval by U.S. District Judge Rita Lin in San Francisco. The changes include creating a standalone board committee to oversee risk and compliance, previously the responsibility of the Alphabet board's audit and compliance committee. Alphabet would also create a senior vice president-level committee to address regulatory and compliance issues, reporting to Pichai, and a compliance committee consisting of Google product team managers and internal compliance experts. Shareholders led by two Michigan pension funds accused Google executives and directors of breaching their fiduciary duties by exposing the company to antitrust liability related to its search, Ad Tech, Android and app distribution businesses. 'These reforms, rarely achieved in shareholder derivative actions, constitute a comprehensive overhaul of Alphabet's compliance function,' resulting in 'deeply rooted culture change,' the shareholders' lawyers said. The changes must remain in place at least four years. Shareholders would not be paid. Google denied wrongdoing in agreeing to settle. The Mountain View, California-based company did not immediately respond to requests for comment on Monday. The accord was disclosed the same day U.S. District Judge Amit Mehta in Washington, who last August found Google violated federal antitrust law to maintain dominance in search, completed a hearing to consider how to address the monopoly. Mehta plans to rule by August. The U.S. Department of Justice has proposed requiring Google to sell its Chrome browser and share search data with rivals. A derivative lawsuit is where shareholders sue officials on behalf of a company. The shareholders' lawyers plan to seek up to $80 million for legal fees and expenses, on top of the $500 million. They did not immediately respond to requests for comment. Jonathan Stempel, Reuters
The Standard
15 hours ago
- Business
- The Standard
AIA eyeing KPMG to replace PwC as auditor
AIA said the potential change follows a 'thorough and competitive' tender process, subject to shareholder approval. Photo by REUTERS
Yahoo
19 hours ago
- Business
- Yahoo
Is Now The Time To Look At Buying Reach plc (LON:RCH)?
While Reach plc (LON:RCH) might not have the largest market cap around , it saw a double-digit share price rise of over 10% in the past couple of months on the LSE. The recent rally in share prices has nudged the company in the right direction, though it still falls short of its yearly peak. As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value. Is there still an opportunity here to buy? Let's examine Reach's valuation and outlook in more detail to determine if there's still a bargain opportunity. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Great news for investors – Reach is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that Reach's ratio of 4.47x is below its peer average of 12.63x, which indicates the stock is trading at a lower price compared to the Media industry. Although, there may be another chance to buy again in the future. This is because Reach's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity. View our latest analysis for Reach Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Reach's earnings over the next few years are expected to increase by 38%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? Since RCH is currently below the industry PE ratio, it may be a great time to increase your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on RCH for a while, now might be the time to enter the stock. Its prosperous future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy RCH. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed assessment. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. At Simply Wall St, we found 2 warning signs for Reach and we think they deserve your attention. If you are no longer interested in Reach, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
21 hours ago
- Business
- Yahoo
Dividend Declaration
LONDON, June 02, 2025--(BUSINESS WIRE)-- Oberon AIM VCT plc ("OVCT" or the "Company") Final Dividend declaration Further to the Notice of the Annual General Meeting which the Company announced on 30 May 2025, the Company wishes to confirm, as stated in Resolution 2 of the AGM Notice, that it is proposing a final dividend for its financial year ended 31 December 2024 of 1.3 pence per share, which is subject to shareholder approval at 12.00 noon on Monday 30 June 2025. If approved by shareholders at the AGM, the final dividend of 1.3 pence per share, will be payable to shareholders appearing on the company's share register on Friday 11 July 2025 and the final dividend will be paid to shareholders on Wednesday 30 July 2025. The Directors of the Company take responsibility for this announcement. For further information, please contact:Company Secretary6 Duke Street,St James's,London,SW1Y 6BN, Tel: +44 (0)20 3179 5300 View source version on Contacts OBERON AIM VCT PLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Third Age Health Services (NZSE:TAH) Is Increasing Its Dividend To NZ$0.0398
Third Age Health Services Limited (NZSE:TAH) has announced that it will be increasing its dividend from last year's comparable payment on the 26th of June to NZ$0.0398. This will take the dividend yield to an attractive 3.1%, providing a nice boost to shareholder returns. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. The last dividend was quite easily covered by Third Age Health Services' earnings. This indicates that a lot of the earnings are being reinvested into the business, with the aim of fueling growth. If the trend of the last few years continues, EPS will grow by 17.2% over the next 12 months. Assuming the dividend continues along recent trends, we think the payout ratio could be 59% by next year, which is in a pretty sustainable range. See our latest analysis for Third Age Health Services The track record isn't the longest, but we are already seeing a bit of instability in the payments. The annual payment during the last 4 years was NZ$0.0391 in 2021, and the most recent fiscal year payment was NZ$0.101. This implies that the company grew its distributions at a yearly rate of about 27% over that duration. Third Age Health Services has grown distributions at a rapid rate despite cutting the dividend at least once in the past. Companies that cut once often cut again, so we would be cautious about buying this stock solely for the dividend income. Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. We are encouraged to see that Third Age Health Services has grown earnings per share at 17% per year over the past five years. Shareholders are getting plenty of the earnings returned to them, which combined with strong growth makes this quite appealing. In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified 1 warning sign for Third Age Health Services that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
