The blog has long worried about the high levels of debt that have been incurred by some companies in recent years. So it applauds Akzo's decision to halt its planned €3bn share back at the half-way stage. As Nigel Davis notes in ICIS insight, Akzo has a very strong balance sheet, and its 'gearing is only 10%'. But even so, Akzo apparently cannot currently 're-finance short-term bonds'.
« Bailout passes, Wall Street falls | Main | Shell's priorities for the gathering economic storm »
Akzo halts share buybacks
Search
About
This page contains a single entry from the blog posted on October 4, 2008 7:15 PM.
The previous post in this blog was Bailout passes, Wall Street falls.
The next post in this blog is Shell's priorities for the gathering economic storm.
Many more can be found on the main index page or by looking through the archives.
Powered by
Movable Type Enterprise 4.37
Movable Type Enterprise 4.37