Reporting Archive

Erik Randerson, vice president of investor relations at Revolve, says: I won’t hesitate to request a correction when I see inaccurate information published on my employer. My experience is that outlets truly want to get it right and when presented with the facts will update their articles accordingly. For instance, a recent article on my employer, Revolve, referenced inaccurate metrics. The journalist (who I knew from a prior life) appreciated me...

Buybacks have undergone a meteoric rise since the turn of the 21st century, overtaking dividends as the preferred means to return capital to shareholders in many countries. In 2019 alone, firms spent more than $1.2 tn globally on buybacks. Buybacks are controversial, however, with academics, practitioners and politicians all maligning their use. At its most basic level, buying back shares can be a technical capital allocation tool and an attractive alternative to di...

Transcripts with mentions of ‘Trump’ have been steadily declining since early 2017, according to data from financial and corporate research platform Sentieo. Mentions of Trump hit an all-time high in January 2017 when US President Donald Trump entered the White House, with 356 mentions on earnings calls. This was down to...

Spanish airport operator Aena has adopted what is thought to be the world’s first annual advisory vote on a company’s climate action plan. The move follows intense pressure from The Children’s Investment Fund (TCI), which manages around $30 bn, for Aena to take a leadership role in the fight against global warming.  Under the proposals, passed at last week’s annual meeting, Aena will present its climate action plan for approval at the AGM in 2021 and...