FT 24/04/19 | Vox Markets

FT 24/04/19

Intu Properties (INTU), Hammerson (HMSO) – UK shopping centre landlords heavily exposed to CVAs, UBS warns. Bank finds large swath of floorspace let to retailers that are shrinking or in insolvency

AstraZeneca (AZN) chief claims vindication five years after Pfizer bid. Some investors and analysts still unconvinced UK company was right to resist approach

Metro Bank (MTRO) chairman accused of unfair dismissal in US. Husband-and-wife founders of US pet insurer Fetch were fired by Vernon Hill after birth of their child

Amigo Holdings (AMGO) CEO to step down for health reasons. Ex-BrightHouse boss to take over in summer

Lombard – Barclays (BARC) bonus cuts make Bramson board fight seem less epic. Jes Staley’s strategy to scale back excess weakens activist shareholder’s narrative

Majestic Wine (WINE) seeks potential buyers for UK stores. Retailer considers offloading high-street brand to focus on digital offering

Thomas Cook Group (TCG) shares surge after sale reports. Rumoured interest in UK holiday group comes as falling demand dents business

Barclays (BARC) investors urged to protest over chief Staley’s pay. Shareholder adviser ISS says response to whistleblowing scandal is ‘inadequate’

British Land Company (BLND) sells £429m of Sainsbury’s superstores. Group seeks to reduce its retail property portfolio amid troubles in the sector

Lex – Thomas Cook Group (TCG)/Fosun: beached wail. Sticking to an old formula blinded the UK group to growing digital competition

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Mentioned in this post

AMGO
Amigo Holdings
AZN
AstraZeneca
BARC
Barclays
BLND
British Land Company
HMSO
Hammerson
INTU
Intu Properties
MTRO
Metro Bank
TCG
Thomas Cook Group
WINE
Majestic Wine