KKR’s local PE boss David Laing is taking advice from UBS around The Arnott’s Group’s Asian business, which sells consumer staples like pastas, sauces and cooking stock.
The S&P 500 SPX closed down 0.9% on Friday, leaving the U.S. large-cap stock index with a loss this week of 0.2%, according to Dow Jones Market Data. The S&P 500 snapped a three-day winning streak and ...
The new target price still represents about 10% more upside from recent levels, but Lai doesn't think the business is growing the way it should. Investors seem to agree: The stock has dropped more ...