The Mail 05/03 - Vox Markets | Vox Markets

The Mail 05/03

Low-cost European carrier Wizz Air Holdings (WIZZ) has revealed actions to slash routes, cut costs and freeze recruitment as part of plans to offset plunging demand amid the coronavirus outbreak.

Shopping centre owner Intu Properties (INTU) has abandoned attempts to raise between £1billion and £1.5billion, it announced on Wednesday morning, blaming market uncertainty. The company said investors had been put off by poor conditions in the equity market.

Banking giant Barclays (BARC) has announced changes it says will lead to the loss of 250 jobs.

BT Group (BT.A) probes claims equipment supplier Huawei has been linked to modern slavery in China.

Life insurance and pension giant Legal & General Group (LGEN) has raked in around £155million worth of extra profit from people not living as long as they were expected to in the last year.


Mentioned in this post

BT Group
Intu Properties
Legal & General Group
Wizz Air Holdings