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Ricardo plc Resists Board Changes Amid Strategic Shift to Energy Solutions

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Ricardo plc Resists Board Changes Amid Strategic Shift to Energy Solutions

Ricardo ( (GB:RCDO) ) has issued an announcement.

Ricardo plc has rejected demands from Science Group plc to replace its Chairman, Mark Clare, amidst Science Group’s increasing stake in the company. The Board of Ricardo believes these actions are not in the best interest of its shareholders. Despite facing market challenges, Ricardo has been making strategic shifts towards environmental and energy transition solutions, including divesting its Defense segment and acquiring E3 Advisory Pty Ltd. The company has reported strong order intakes and improved financial performance, with a focus on long-term sustainable growth in its Energy & Environment and Rail segments.

More about Ricardo

Ricardo plc is a global strategic, environmental, and engineering consulting company listed on the London Stock Exchange. With over 100 years of engineering excellence and nearly 3,000 employees across more than 20 countries, Ricardo specializes in delivering innovative cross-sector sustainable solutions to support energy transition, environmental services, and smart transport solutions.

YTD Price Performance: -38.10%

Average Trading Volume: 707,200

Technical Sentiment Signal: Buy

Current Market Cap: £160.5M

Find detailed analytics on RCDO stock on TipRanks’ Stock Analysis page.

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