FT 16/05/19 - Vox Markets | Vox Markets

FT 16/05/19

Non-Standard Finance (NSF) pushes ahead with hostile bid for Provident Financial (PFG). Subprime lender has enough backing to proceed after lowering level of shareholder acceptances needed

Babcock International Group (BAB) rebuts second attack from Boatman. Defence contractor dismisses new report as ‘inaccurate and misleading’

Lombard – British Land Company (BLND) and Land Securities Group (LAND) shrug off Brexit thanks to London elite. Vote to leave the EU has widened the commercial split between London and the rest of England

UK pub group Marston’s (MARS) stockpiles £6m of Estrella ahead of Brexit. Company to stockpile more of the Spanish lager if hard-Brexit threat persists

Bookmaker William Hill (WMH) benefits from US growth as UK stumbles. British gambling group seeks to offset stricter rules at home after America lifts ban

Tour operator TUI AG Reg Shs (DI) (TUI) faces deepening losses. FTSE 100 group’s airline and holiday sales unit hit hard

Aston Martin Holdings (AML) swings to quarterly loss as costs bite. UK luxury carmaker pins blame on investments and IPO though revenues defy weak market

Stobart Group Ltd. (STOB) names new chairman after boardroom struggle. Former Deloitte executive David Shearer will take over from Iain Ferguson

British Land Company (BLND) swings to loss as high street woes hit portfolio. UK property group still bullish on London office market as demand remains firm

Lender CYBG (CYBG) “resilient” despite tough market conditions. Revenues and bad debt levels both under pressure at the Clydesdale Bank owner

Cenkos Securities (CNKS) warns on revenue and delay to hiring new CEO. Jim Durkin’s reappointment as stockbroker’s CEO delayed by the regulator

Kingfisher (KGF) maintains forecasts after mixed first quarter. Sales rise at B&Q in UK and Ireland after cold spell dented previous year’s figures

BoE warned prosecution could destabilise Barclays (BARC). Top regulator said criminal action over Qatar payments presented risk to bank’s safety

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Mentioned in this post

AML
Aston Martin Holdings
BAB
Babcock International Group
BARC
Barclays
BLND
British Land Company
CNKS
Cenkos Securities
CYBG
CYBG
KGF
Kingfisher
LAND
Land Securities Group
MARS
Marston\'s
NSF
Non-Standard Finance
PFG
Provident Financial
STOB
Stobart Group Ltd.
TUI
TUI AG Reg Shs (DI)
WMH
William Hill