FT 27/2 | Vox Markets

FT 27/2

Lloyds Banking Group (LLOY) and Direct Line to cut hundreds of UK jobs. Groups reveal plans to cut costs as more customers go digital.

Barclays (BARC) jury sent out to consider verdicts. Criminal trial is the first in the UK to look at the actions of senior bankers during the financial crisis.

Intu Properties (INTU) says it needs £1.3bn to secure the future. Target higher than £1bn analysts had expected from struggling UK property group.

William Hill (WMH) narrows losses after cutting shop estate. Gambling group said it has closed 713 shops.

Insurer Direct Line Insurance Group (DLG) to cut 800 UK jobs in bid to lower costs. Personal insurance industry faces rising claims expenditure and weak premiums growth.

Metro Bank (MTRO) to slash expansion plans in broad shake-up. Lender seeks to refocus business after a reporting error derailed previous plans.

Weir Group (WEIR) prepares exit from struggling oil and gas business. Mining and energy equipment maker slumps to annual loss on £546m writedown.

Blackstone to buy UK student flats from Goldman for £4.7bn. Deal hailed as country’s largest-ever private real estate transaction.

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Mentioned in this post

BARC
Barclays
DLG
Direct Line Insurance Group
INTU
Intu Properties
LLOY
Lloyds Banking Group
MTRO
Metro Bank
WEIR
Weir Group
WMH
William Hill

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