Press | Vox Markets
HSX
Hiscox Limited (DI) (HSX) shares recovered some of their recent losses this morning despite profits at the insurer more than halving last year.
NMC
NMC Health (NMC), the troubled FTSE 100 private hospital group, is pleading with its lenders for support as it seeks to stem a looming cash crisis.
SNR
Senior (SNR), the British engineering group heavily dependent on the grounded Boeing 737 Max, has warned that 20 percent of its revenues will disappear this year and its falling profits will come further under pressure.
NMC
NMC Health (NMC) battles to stave off $2bn demand from lenders. The embattled Middle Eastern hospitals operator pleads with banks for more time to get its finances in order.
BARC
Activist investor demands immediate departure of Barclays (BARC) boss. Jes Staley comes under attack once again in latest letter from Edward Bramson’s Sherborne Investors to the bank’s board.
HSX
Insurer Hiscox Limited (DI) (HSX) warns wave of coronavirus cancellations will not be covered. Insurers are not yet paying out to customers who have taken out special pandemic cover.
SXX
Sirius Minerals (SXX) shareholders wobble ahead of crunch vote on Anglo American takeover. On the eve of a crucial vote to decide the fate of the Yorkshire mine, some shareholders want to sabotage the Anglo American takeover.
BARC
Barclays (BARC) biggest investor demands immediate exit of chief executive over Epstein probe. Jes Staley comes under attack once again in latest letter from Edward Bramson’s Sherborne Investors to the bank’s board.
BARC
Barclays (BARC) investor calls for boss’s removal over Epstein links. Shareholder Ed Bramson says Jes Staley’s re-election as CEO of the bank would be ill-advised.
MKS
Marks & Spencer Group (MKS) to expand the successful trial of fill-your-own container scheme. Retailer says 25 of 44 products offered loose have outsold packaged equivalents.
NMC
NMC Health (NMC) asks for debt standstill amid accounting scandal. London-listed firm, which runs hospitals in Middle East, faces cash crunch if debts called in.
Waitrose staff to get lowest bonus in 67 years as profits fall. John Lewis Partnership expected to pay 2% of salary after third year of difficulty.
BARC
Activist Edward Bramson lambasts CEO ‘circus’ at Barclays (BARC). Investor urges board to withdraw backing for Jes Staley over Epstein relationship.
NMC
NMC Health (NMC) hires Moelis for debt restructuring. Healthcare group is facing a cash crunch and is operating without a full finance department.
SXX
Sirius Minerals (SXX) shareholders in last-ditch effort to block Anglo takeover. Small investors try to raise £460m through bond issue ahead of meeting to agree bid.
RYA
Iata warns on collapse in airline passenger numbers. BA and Ryanair Holdings (RYA) latest to cancel flights due to impact of coronavirus.
Nokia to replace chief as doubt grows over 5G strategy. Telecoms equipment group has struggled in battle with rivals over latest mobile technology.
Investec pushes on with Ninety One IPO. Asset management group’s CEO could have stake worth £40m after float.
JD.
JD Sports Fashion (JD.) says delivery network will power it through coronavirus. Exit of finance chief Sidney Huang announced alongside better than expected results.
Oil company Lekoil says a consultant performed ‘inadequate’ due diligence in vetting a firm that claimed to represent the Qatar Investment Authority.
NMC
NMC Health (NMC) confirmed it has hired advisers at Moelis to help it in talks banks and that it would ask for an informal debt standstill to stabilise its finances.
Online food delivery company said on Monday it had started arbitration proceedings against a move by rival Delivery Hero to increase its stake in the company because it said it broke a standstill undertaking.
JD.
JD Sports Fashion (JD.) said it is cutting up to a quarter of its flights, mainly to and from Italy, after a ‘significant’ drop in bookings due to the coronavirus.
LLOY
Lloyds Banking Group (LLOY) is facing a fresh police investigation of allegations of fraud against small business over a case that received the attention of chief executive António Horta-Osório and senior politicians six years ago.
Billionaire petrol brothers check out Asda deal. The Blackburn-based brothers are considering a bid on the Walmart-owned supermarket.
MKS
Waitrose prepares for online grocery war with Marks & Spencer Group (MKS). The response to M&S is expected to be at the centre of plans unveiled this week.
EY is under fire for collecting almost £14m in fees from FTSE 100 hospital operator NMC Health as it failed to detect loan arrangements that have engulfed the company in scandal.
Heineken heiress invests in British jewellery brand Missoma. Billionaire businesswoman Charlene de Carvalho-Heineken is a controlling shareholder of Heineken.
TUI
Travel agent TUI AG Reg Shs (DI) (TUI) to drop out of FTSE 100 as coronavirus hammers shares. Relegation from FTSE looms after outbreak hits holiday bookings and shares fall by nearly a third.
NMC
NMC Health (NMC) hires Moelis for debt restructuring. Healthcare group is facing a cash crunch and is operating without a full finance department.
TUI
Ex-Woodford fund shrinks 16% since reopening. New manager Standard Life Aberdeen hit by investment in TUI AG Reg Shs (DI) (TUI).
BARC
Barclays (BARC) acquittals leave SFO facing the questions. Verdicts raise doubts on ability to prosecute corporate crime.
issues upbeat outlook despite coronavirus. Engineering group cuts operating losses and reports higher than expected free cash.
John Lewis and Waitrose staff are to receive their lowest bonus in 67 years – if they get one at all – as the company is expected to reveal its third consecutive drop in annual profits.
BARC
Three former Barclays (BARC) bankers accused of funnelling secret fees to Qatar in exchange for emergency funding at the height of the 2008 financial crisis have been found not guilty of fraud, in a fresh blow to the credibility of the Serious Fraud Office.
The new chairwoman of John Lewis is preparing to launch a strategic review of the ailing mutual as it releases a dire set of results, which are expected to include big write-downs to the value of its properties.
The owner of a huge housing development next to Wembley stadium is among private equity firms vying to take a majority stake in Asda.
Fresh doubts have been raised over Debenhams’ prospect of survival, after it told landlords its lenders may not sign off a critical debt restructuring unless they consent to further dramatic rent cuts.
Controversial rent-to-own operator Brighthouse is on the brink of collapse after being inundated with compensation claims.
MRW
KGF
Supermarket chain Morrison (Wm) Supermarkets (MRW) and DIY conglomerate Kingfisher (KGF) are at risk of being ejected from the FTSE 100 this week, potentially leaving only four retailers in the UK’s benchmark index.
IAG
International Consolidated Airlines Group SA (CDI) (IAG), whose brands include Aer Lingus and Iberia, has blamed higher fuel prices for causing profits to dive by a third last year.
FOXT
Estate agent Foxtons Group (FOXT) reported a 30 per cent plunge in adjusted core profit to £2.5million in 2019 as Britons bought and sold fewer homes and its letting business was hurt by the ban on tenant fees.
Aerospace giant continued its loss-making run last year due to ongoing problems with the Trent 1000 engine.
BARC
Three former Barclays (BARC) executives have been cleared of fraud over a £4billion investment deal with Qatar at the height of the banking crisis.