Theresa May faces ‘Mexican stand-off’ after Berkeley Group Holdings (The) (BKG) says it can’t meet demand for homes.
AA (AA.) seeking to seize ousted chairman’s shares as tensions flare.
Bargain Booze owner Conviviality (CVR) eyes fundraising after two profit warnings in a week.
Safestore Holdings (SAFE) faces shareholder revolt over director share awards.
Outsourcers need to sharpen up their act in wake of Carillion collapse, Mitie Group (MTO) boss says.
Wetherspoon (J.D.) (JDW) Tim Martin criticises ‘Jamie Oliver’s sugar tax’ for £3m bill.
Greencore Group (GNC) started to claw back ground lost in Tuesday’s 30% plunge but new short disclosures revealed that hedge funds are predicting that more pain lies ahead for the FTSE 250 struggler.
TalkTalk Telecom Group (TALK) slipped 2.4p to 107p after JP Morgan analysts warned that it’s “too early” to back the FTSE 250 firm’s turnaround plan.
Fevertree Drinks (FEVR) struggled despite RBC Capital Markets becoming the latest broker to put the mixer maker’s shares on its “buy” list, nudging down 2p to £29. RBC argued that fears that the relaunch of premium tonic Schweppes 1783 would threaten Fever-Tree’s crown in the UK mixer market have proved unfounded, and the US is showing “important similarities with where the UK was a few years ago”.
A retail sector health-checker indicating that high street sales failed to rebound following the “Beast from the East”, with another cold snap on its way, weakened Mothercare (MTC) 1.3p to 17.1p, a fresh all-time low as fears mount over its refinancing talks with lenders.
Nex Group (NXG) shares skyrocketed 204p to 874p after the fintech firm revealed that it has become a takeover target for US exchange giant CME.
Old Mutual (OML) dipped 4p to 249p after selling its Latin American businesses to China Minsheng Investment Group International.
Oil prices spiked ahead of weekly rigs data from the US, with energy giants Royal Dutch Shell ‘B’ (RDSB) and BP (BP.) climbing 28p to £22.49 and 9.2p to 473.8p, respectively, as Brent crude touched over $66 per barrel for the first time in 10 days.
