{
  "id": 16596569,
  "title": "Activist investor revives Auction Technology campaign",
  "url": "https://urgent.news/2026/10/26/activist-investor-revives-auction-technology-campaign",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-26T11:38:07.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/activist-investor-revives-auction-technology-campaign/"
  },
  "original_language": "en",
  "account": "Fitzwalter Capital, the largest shareholder of Auction Technology Group, has reignited its campaign against the company's management. The activist investor is demanding a new chairperson and a strategic review, which could potentially lead to a sale of the online auction platform. In a statement on Monday, Fitzwalter accused incumbent chair Scott Forbes of overseeing \"five years of value destruction\" at Auction Technology. If approved, Richard Campbell-Breeden, a nominee from Fitzwalter, would lead the strategic review. This review would explore options such as a buyback programme or a potential sale of the company. This comes six months after Fitzwalter abandoned a hostile takeover attempt, which was rebuffed by the company's management. Fitzwalter's aggressive approach has nearly a dozen of its previous bids for ATG rejected. Despite the company's shares experiencing a significant decline over the past five years, Fitzwalter remains committed to pushing for change.",
  "summary": "The notorious activist investor behind a failed bid to buy Auction Technology Group has revived its campaign against the FTSE 250 firm’s management, calling for a new chair and a strategic review that could result in a sale. Fitzwalter Capital, which is Auction Technology’s (ATG) largest shareholder, called on investors to oust incumbent chair Scott [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}