City File: Forte shares
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.AFTER a battering in recent weeks, Forte shares may be set to bounce back. A change of sentiment towards the hotels, catering and restaurant group looks likely with boardroom changes in the offing and Forte more determined than ever to dispose of its Gardner Merchant contract catering business.
Insiders say that Lord Forte, who will be 84 in November, will retire shortly and be replaced by Rocco, his son and chief executive. New executive and non- executive directors are also expected. A triumvirate of Rocco, Donald Main, finance director, and Alan Hearn, who currently oversees the hotels side, will run the company.
It was the recent collapse of Gardner's projected pounds 500m sale to Compass Group that raised questions about the direction of the company. Company executives say that the cloud over the shares will lift when Gardner is sold.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments