FT 26/02/19 | Vox Markets

FT 26/02/19

Standard Chartered (STAN) prepares Indonesia sale to aid share buyback. Emerging markets lender unveils new profit targets alongside further cost cuts

Standard Chartered (STAN) profits undershoot amid pressure from trade war. Shares up on raised dividend and plans to sell Indonesian bank stake to fund share buyback

Glencore (GLEN) cap on coal shows new investor muscle. Corporate initiatives show the shift in mood among the public and shareholders on climate change

News group Reach Plc (RCH) blames Brexit for £200m writedown. Revenues boosted by £127m acquisition of titles including Daily Express and Daily Star

Persimmon (PSN) shares hit by fears over Help to Buy. Housebuilder to announce full-year profits of £1bn after benefiting from scheme

Provident Financial (PFG) rebuffs rival’s ‘irresponsible’ takeover offer. Non-Standard Finance (NSF) bid launched last week is backed by fund manager Neil Woodford

Hammerson (HMSO) plans more retail sales to combat losses. Shopping mall owner shakes up board under pressure from activist investor Elliott

Associated British Foods (ABF) – Primark half-year profits rise despite weak November. Like-for-like sales down on analysts’ estimates after Black Friday disappointment

Hiscox Limited (DI) (HSX) profits treble as insurer reaps benefits of overhaul. Group boosted despite volatile investment markets and natural catastrophes

International Consolidated Airlines Group SA (CDI) (IAG) hits out at regulator over Heathrow deal. CAA cut out of talks on charges between airlines and airport operator

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Mentioned in this post

ABF
Associated British Foods
GLEN
Glencore
HMSO
Hammerson
HSX
Hiscox Limited (DI)
IAG
International Consolidated Airlines Group SA (CDI)
NSF
Non-Standard Finance
PFG
Provident Financial
PSN
Persimmon
RCH
Reach Plc
STAN
Standard Chartered