FT 14/11/19 | Vox Markets

FT 14/11/19

Lex – Tullow Oil (TLW): fire and brimstone sermon. Climate change means markets need little excuse to dump shares

Royal Mail (RMG) wins court injunction to block strikes. Walkouts were set to cause widespread disruption ahead of UK election and Christmas

Lombard – British Land Company (BLND) is harder sell than £236m of shop space. Positive spin on offloaded assets does not make shares seem more appealing

Lex – Wetherspoon (J.D.) (JDW): Tim Martin/Threadneedle: they spilled his pint. Wetherspoons chairman is right to question the UK’s tangled governance system

Tullow Oil (TLW) shares tumble after warning on Guyana projects. Analysis finds discoveries contain heavy crude, making them harder to commercialise

Private equity group bids for control of Eddie Stobart Logistics (ESL). DouglasBay proposes injecting £55m of finance in exchange for a 51% stake

British Land Company (BLND) retail property loses 10th of its value. Turmoil on UK high street wipes almost £600m from portfolio in 6 months

Retail energy business continues weigh on SSE (SSE) as sale progresses. Company books £489m charge as unit sheds more customers

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Mentioned in this post

BLND
British Land Company
ESL
Eddie Stobart Logistics
JDW
Wetherspoon (J.D.)
RMG
Royal Mail
SSE
SSE
TLW
Tullow Oil