FT 27/02/19 | Vox Markets

FT 27/02/19

Lombard – Marks & Spencer Group (MKS) move into online food would deliver far more to Ocado Group (OCDO). Chain’s shareholders may be the ones left with indigestion if a retail joint venture deal is made

Rio Tinto (RIO) announces $4bn special dividend. Asset sales fund big payday for investors and lift miner out of debt

Metro Bank (MTRO) to raise £350m as regulators probe accounts. UK lender reshuffles board and suffers 15% drop in share price

Barclays (BARC) executive unaware of £320m fees paid to Qatar. Court hears bank’s former head of sovereign wealth funds said ‘I wish I had known’

Ocado Group (OCDO) and Marks & Spencer Group (MKS) in talks over retail joint venture. High street chain has lagged behind rivals in grocery delivery

Standard Chartered (STAN) new plan given guarded welcome. Emerging markets lender unveils new profit targets alongside further cost cuts

Lex – Standard Chartered (STAN): Empire state of anxiety. Chief’s challenge made harder by slowing economic growth in China

Hotel Chocolat Group (HOTC) looks to prime sites as UK sales soar. British chocolatier in cautious moves to expand internationally

Persimmon (PSN) earnings top £1bn on Help to Buy boon. Group appoints interim boss David Jenkinson as chief executive

Defence groups Babcock International Group (BAB) and Meggitt (MGGT) hit by Brexit. UK contractor and supplier forced to put in place costly contingency measures

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

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Mentioned in this post

BAB
Babcock International Group
BARC
Barclays
HOTC
Hotel Chocolat Group
MGGT
Meggitt
MKS
Marks & Spencer Group
MTRO
Metro Bank
OCDO
Ocado Group
PSN
Persimmon
RIO
Rio Tinto
STAN
Standard Chartered