FT 09/10/19 | Vox Markets

FT 09/10/19

Lombard – easyJet (EZJ) takes pleasure from BA’s misfortune. But investors ask how much the airline would have made without disruption to rivals

Vodafone Group (VOD) to close 1,000 shops across Europe. UK telecoms group to slash store portfolio by 15% as it overhauls high street activity

Reach Plc (RCH) in pole position to buy JPI’s regional newspapers. Mirror and Express owner preferred bidder for titles including The Scotsman and Yorkshire Post

Lex – London Stock Exchange Group (LSE)/HKEX: a Capulet capitulates. Charles Li got timing wrong and badly misjudged battle for UK stock exchange

Lex Pagegroup (PAGE)/recruitment: Brexit wrecks it. European recruiters’ earnings are linked to the economic cycle but the Brexit downturn has its own characteristics

Barclays (BARC) criticised for Post Office banking decision. Customers with the high street bank will no longer be able to withdraw money from post offices

adds ‘social value’ into its business planning. Mining company says consideration of local interests is essential to its long-term sustainability

easyJet (EZJ) upgrades profit forecasts. Budget airline says it has benefited from strikes at rivals British Airways and Ryanair

HSBC Holdings (HSBA) cuts are an early warning signal to banks. Plans to cut up to 10,000 jobs suggest group is ahead of the curve

HKEX abandons £32bn bid for London Stock Exchange Group (LSE) after charm offensive fails. Hong Kong stock exchange says pursuing bid is not in its shareholders’ interest

Recruiters warn profits will be dented by global political uncertainty. Pagegroup (PAGE) and Robert Walters (RWA) cite Brexit, Sino-US trade war and Hong Kong protests

Sorrell acquires Silicon Valley digital marketing group. Firewood $150m deal marks ex-WPP chief’s latest expansion move with S4 Capital (SFOR)

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Mentioned in this post

BARC
Barclays
EZJ
easyJet
HSBA
HSBC Holdings
LSE
London Stock Exchange Group
PAGE
Pagegroup
RCH
Reach Plc
RWA
Robert Walters
SFOR
S4 Capital
VOD
Vodafone Group