The FT 28/02 | Vox Markets

The FT 28/02

 puts boot into JD Sports Fashion (JD.) over Footasylum tie-up. Bitter rival wants competition watchdog to appoint trustee to run disposal process.

Drax Group (DRX) to withdraw from coal use, cutting 230 jobs. UK power group plans to close plants in 2022 ahead of the 2025 deadline.

Shares in NMC Health (NMC) suspended following accounting scandal. Healthcare provider has fired its chief executive after finding bank discrepancies.

Persimmon (PSN) chief executive to step down. UK housebuilder under pressure to overhaul culture will begin search for replacement.

Reckitt Benckiser Group (RB.) takes £5bn writedown on Mead Johnson purchase.Tough Chinese market weighs on baby foodmaker’s performance.

StanChart lowers 2020 income growth target. Emerging markets-focused bank also hit by recession in markets such as Hong Kong.

Bike scheme knocks $4bn Sophos Group (SOPH) deal temporarily off balance. Watchdog approval sought for takeover by US private equity firm Thoma Bravo due to cycle subsidy for staff.

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Mentioned in this post

DRX
Drax Group
JD.
JD Sports Fashion
NMC
NMC Health
PSN
Persimmon
RB.
Reckitt Benckiser Group
SOPH
Sophos Group