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It’s a stock market rule of thumb that big acquisitions tend to destroy shareholder value. Spin-offs, on the other hand, have the reassuring habit of being more likely to create it. ....
Last year, the world’s second-largest beer company, Heineken, celebrated its 150th anniversary. But festivities fell flat for shareholders in the company that founder Freddy Heineken described as selling not beer but good times – or “gezelligheid” in Dutch. ....
Elf Beauty has emerged as one of America’s most sensational consumer brands of the past decade. The cosmetics group is achieving incredible growth, is very profitable and looks capable of delivering plenty more of the same. ....
Shares in the American discount store chain Dollar General would seem to have little to recommend them. They nearly halved in value last year as tougher economic conditions weighed on the low-income shoppers it targets in rural US towns. ....