In today's Morning Views publication we comment on developments of the following high yield issuers: Atalian, PeopleCert, Playtech, Salt, Flora Food Group (formerly Upfield), Mahle, EnQuest Plc, Travelodge, CEMEX, Forvia (formerly Faurecia), Ineos, Oriflame, Ineos Quattro
Health and Happiness' (H&H) FY 2024 results were soft, as the company continued to report weaker earnings and margins from the Baby Nutrition & Care (BNC) business in Mainland China. The weakness was only partly offset by continued growth in the Adult Nutrition & Care (ANC) and Pet Nutrition & Care (PNC) segments. Positively, management guided for the infant milk formula business in Mainland China to improve during H1/25 (after a 25% revenue decline in FY 2024), supported by completion of the tr...