With activist investors once again back in the spotlight, (Sherborne Investors is gearing up for its crunch vote against F&C next month, Chris Hohn's TCI ousting the chairman of an Australian energy group) - it's worth updating ourselves on the progress of Guy Wyser-Pratte, the francophone American activist who took on the French conglomerate Lagardère last year.

Wyser-Pratte says he's still fighting the good fight at Lagardère, and is considering another run at the firm this year (though this could change). But along the way he's come across something rather interesting.