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’Yell goes digital
About 10 years too late, Yell — the heavily indebted directories group — is going digital.
From Thursday’s strategic review announcement:
(Warning contains management speak.)
Following a rigorous six month strategic review,
Taking the corporate hospital pass
Yell has a new chief executive. His name is Michael Pocock and in a previous life he was the boss of Polaroid* which he managed to nurse back to profitability and eventually sell.
Presumably he will
Yell(ow) analysis?
It’s not often a house broker withdraws an investment recommendation on a corporate client. But it happened on Thursday – to Yell.
Bank of America/Merrill Lynch moved from a “neutral” recommendation on the heavily indebted directories business to “No Rating”.
YELLow Directors
Buried in Wednesday’s annual results statement from debt laden directories group Yell was this rather worrying note:
The financial information contained herein has been prepared on a going concern basis.