FT 27/11/19 | Vox Markets

FT 27/11/19

Lloyds Banking Group (LLOY) to cut chief executive’s pay by £220,000. Pension reduction comes as bank offers £20m boost for rest of staff

World’s largest caterer Compass Group (CPG) scales back on signs of global weakness. Group to shrink operations in Europe, Japan, and Brazil

Lex – De La Rue (DLAR): the folding stuff. The king of cash is not dead yet. But he is very poorly

Pets at Home Group (PETS) shares jump after upgrade to profit forecast. Retailer expects to groom 25,000 animals in week before Christmas

Former Eddie Stobart Logistics (ESL) boss tables rival rescue proposal. Andrew Tinkler’s TVFB plans emergency equity raising of up to £70m to cut group’s debt

Mongolia says Rio Tinto (RIO)-led copper project will go ahead. Ulan Bator to seek better terms over delayed expansion of Gobi Desert project

UK retail woes hit West End landlord Shaftesbury (SHB). Shop valuations fall in prime London locations

De La Rue (DLAR) shares plunge on warning about its future. UK group points to ‘material uncertainty’ if a turnround plan does not tackle debt pile

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Mentioned in this post

CPG
Compass Group
DLAR
De La Rue
ESL
Eddie Stobart Logistics
LLOY
Lloyds Banking Group
PETS
Pets at Home Group
RIO
Rio Tinto
SHB
Shaftesbury