FT 11/12/19 | Vox Markets

FT 11/12/19

Eddie Stobart Logistics (ESL) to offer investors choice in financing. Rights issue early next year follows rescue by private equity group Dbay

Lord Saatchi quits M&C Saatchi (SAA) as accounts scandal takes twist. Founder of advertising agency and three non-executive directors depart in row over reforms

Lloyds Banking Group (LLOY) – Victims of HBOS fraud in line for bigger payout. Review says bank’s compensation scheme ‘not fair and reasonable’

Ted Baker (TED) shares plunge as chief executive and chairman resign. Fashion retailer forecasts full-year profits will fall as much as 90%

Lex – Rolls-Royce Holdings (RR.)/ValueAct: breaking Brad. Shares are only a shade higher than when Bradley Singer joined in 2016

Wetherspoon (J.D.) (JDW) plan to create 10,000 jobs met with scepticism. Pub chain announces £200m investment to open new premises despite weak consumer spending

Ashtead Group (AHT) to refocus UK business after sharp profit fall. A-Plant unit has suffered from tougher competition and a weaker pound

Rolls-Royce Holdings (RR.) biggest shareholder ValueAct quits board. Representative of activist investor steps down as non-executive director

Just Eat (JE.) rejects sweetened Naspers takeover bid. South Africa’s Naspers attempts to disrupt Takeaway deal

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Mentioned in this post

AHT
Ashtead Group
ESL
Eddie Stobart Logistics
JDW
Wetherspoon (J.D.)
JE.
Just Eat
LLOY
Lloyds Banking Group
RR.
Rolls-Royce Holdings
SAA
M&C Saatchi
TED
Ted Baker