A&M Activist Alert for Europe | Interim Outlook for 2022
Inflation, geopolitical uncertainty and operational disruption are creating fertile ground for shareholder activism
Market Turbulence, New Opportunities
The 2022 interim outlook assesses the impact of geopolitical uncertainty, inflation, supply-chain disruption and the war in Ukraine on shareholder activism. While public campaigns temporarily slowed following the invasion of Ukraine, A&M argues that the underlying drivers of activism remain intact and are likely to intensify as markets regain stability and corporate underperformance becomes more visible. The report identifies 155 companies at heightened risk of activist attention and highlights industrial, consumer and energy companies as particularly vulnerable. It also explores the performance of activist investments, finding that campaigns focused on transformation initiatives have historically generated the strongest shareholder returns. The findings reinforce the growing importance of operational improvement, capital allocation and strategic clarity as key defenses against activist intervention. |
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Whilst we do not publicly release individual company predictions, we would be delighted to discuss specific AAA modelling and analysis for any particular corporate with a senior member of the company.
Arrange a personalised de-brief with the A&M team by contacting a member of our team in your local region.
The A&M Activist Alert (AAA) reports provide a comprehensive analysis of shareholder activism trends across Europe and the United States, offering insights into evolving market dynamics, activist strategies, and corporate responses.
In 2026 we launched the U.S. AAA report, our first Activist Alert publication with a U.S. perspective. This inaugural U.S. edition explores the rise in activism post-2024 elections, the role of M&A, and the concept of an Equity Story—a strategic narrative that aligns corporate performance with investor expectations.
Click here to access the AAA Report for the United States.
