FT 16/10/18 | Vox Markets

FT 16/10/18

Lombard – Superdry (SDRY) T-shirt weather warning lost in translation. Retailer’s heatwave woes exacerbated by hedging and branding doubts

Tesco (TSCO) former chairman describes discovery of accounting issue. Richard Broadbent tells court of unexpected call from chief executive in September 2014.

Lex – Convatec Group (CTEC): scar issue. Medical products group needs more time to heal itself after investors were bloodied.

Greencore Group (GNC) quits US two years after expansion push. Strategic about-turn leaves sandwich maker focused on UK.

Superdry (SDRY) shares tumble after profit warning. Fashion retailer blames heatwave for hit to sales of jackets and jumpers.

Convatec Group (CTEC) dives after profit warning and chief’s exit. Second profit warning in 12 months for medical equipment maker.

Royal Bank of Scotland Group (RBS) chief Ross McEwan: restoring a damaged reputation. Bank is recovering after a decade of blows. Now it is looking to a digital future.

Jupiter Fund Management (JUP) suffers further outflows in October. Fund manager’s shares hit 2-year low after up to £400m of redemptions in two weeks.

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Mentioned in this post

CTEC
Convatec Group
GNC
Greencore Group
JUP
Jupiter Fund Management
RBS
Royal Bank of Scotland Group
SDRY
Superdry
TSCO
Tesco