Press | Vox Markets
HSBA
HSBC Holdings (HSBA) has said it will slash 35,000 jobs over three years as part of a major shake-up as it issued a warning over the impact of the coronavirus outbreak in Asia.
BT.A
BT Group (BT.A) is to scrap its traditional pay-TV packages and allow customers to pay for prime content such as Premier League football on a monthly basis, as it aims to keep pace with the flexibility offered by streaming services such as Netflix and Disney+.
More than 600 Amazon workers have been seriously injured or narrowly escaped an accident in the past three years, prompting calls for a parliamentary inquiry into safety at the online retailer’s vast UK warehouses.
UK car factories running out of parts due to coronavirus, warns Jaguar. Carmaker says it has two weeks’ supply left as Apple cuts billions of dollars off sales forecast and big firms warn of fallout
JUP
Jupiter Fund Management (JUP) agrees £370m deal to buy Merian Global Investors. Deal will create second-biggest retail asset management group in Britain, managing £65bn.
ALY
Ashley (Laura) Holding (ALY) owner in crisis talks to secure emergency funding. Retail chain, which employs 2,700 people, will ‘consider all options’ amid sales slump.
UK consumer confidence at highest level since 2009. Households’ optimism over finances and job security rise in February, survey shows.
Moneybarn to pay £33m in fines and compensation. Car lender accused by FCA of serious breaches when dealing with vulnerable customers.
JDW
Wetherspoon (J.D.) (JDW) to serve only Fairtrade sugar in pubs. Move will boost market for fairly traded goods in the UK, worth about £1.6bn.
ALY
Sliding sales push Ashley (Laura) Holding (ALY) to the brink. Retailer blames ‘market headwinds and weaker consumer spending’ for a sharp slide in sales.
NMC
NMC Health (NMC) crisis escalates with more resignations. Hospital operator says founder BR Shetty has stepped down from the board along with its chief investment officer and a director.
JUP
Jupiter Fund Management (JUP) buys Merian Global in £370m deal. Higher costs and intense competition is forcing asset managers to join forces.
DOM
The rise – and fall – of Domino’s Pizza Group (DOM). Cracks appearing after overambitious expansion plans meant the delivery company took its eye off the technology ball
Scottish Power is launching a new tariff in which it guarantees that 100% of the electricity will come from its own renewable energy projects, to mark it out from so-called “greenwashing” energy deals that are not as clean as they seem.
NMC
NMC Health (NMC) founder quits board after query on ownership. London-listed hospital operator said two others will go, including investment boss.
Alstom confirms talks to buy Bombardier train unit. Potential $7bn deal may face scrutiny from regulators who blocked similar transaction with Siemens
Cathay Pacific results hit as coronavirus disrupts flights. Hong Kong airline’s traffic figures show sharp decline in passenger numbers
GM exits Australia and New Zealand in global rethink. China’s Great Wall Motors capitalises on US carmaker’s retreat with purchase of Thai plant
Deutsche Bank faces departures over contractor pay cut. Lender has changed its hiring policy ahead of reforms to UK off-payroll tax rules
AAL
Anglo American (AAL) Platinum chief executive to step down. Chris Griffith to leave position at South African miner after more than seven years
JUP
Jupiter Fund Management (JUP) strikes deal to buy rival UK fund manager Merian. Acquisition to create second-biggest UK retail fund manager with £65bn of assets under management
ALY
Ashley (Laura) Holding (ALY) shares plummet as it seeks funding. Struggling chain says it will ‘consider all appropriate options’ if unsuccessful.
NMC
NMC Health (NMC)’s founder forced out over shares scandal. The founder of NMC Health, the troubled private hospitals group, has been ousted following a corporate governance scandal over his holdings in the company.
RDSA
Royal Dutch Shell ‘A’ (RDSA) agrees China deal to bolster green power. Royal Dutch Shell has thrown its weight behind a Chinese-backed energy storage venture building what is claimed to be Europe’s largest battery in Wiltshire.
Household confidence at highest level since crisis. Household confidence has reached its highest level in 11 years in another sign that the economy has benefited from a post-election bounce.
JUP
The consolidation sweeping the investment industry stepped up a gear after Jupiter Fund Management (JUP) agreed to buy its smaller rival, Merian Global Investors, for as much as £419 million.
A multibillion dollar deal that would create a train-manufacturing, maintenance and signalling giant in the UK has edged closer with reports that Alstom of France is close to acquiring Bombardier Transportation of Canada.
NMC
Billionaire founder of scandal-plagued NMC Health (NMC) resigns two months after American short-seller attack. The Indian-born founder of healthcare firm NMC Health has stood down from his company after questions over the company’s finances.
JUP
Fund firm Jupiter Fund Management (JUP) proposes takeover of rival Merian Global Investors which would create a £67billion British investment giant. Jupiter Fund Management has confirmed a proposed acquisition of smaller rival Merian Global Investors, to create a £67billion fund giant.
Investment platform Interactive Investor snaps-up rival The Share Centre for £62m. Under the deal, The Share Centre investors will receive 41p in a combination of cash and shares, which is a 40 per cent premium to its closing price of 29p on Friday.
ALY
Ashley (Laura) Holding (ALY) shares crash as it’s revealed the troubled retailer is seeking a funding lifeline from US bank Wells Fargo. The homeware and fashion chain said that its Malaysian owner, MUI Asia Limited, is in talks with US lender Wells Fargo to unlock more money to meet ‘immediate funding requirements’.
SHOE
Footwear retailer Shoe Zone (SHOE) has warned it may have to shut down a fifth of its stores, equating to around 100, if the Government does not reform business rates.
MKS
Marks & Spencer Group (MKS) hit by backlash over its plan to stop distributing paper shopping vouchers to thousands of small shareholders.
SXX
Probe into Sirius Minerals (SXX) share push that lured 85,000: Fears investors were misled as they slam ‘derisory’ Anglo American offer
BP.
New BP (BP.) boss Bernard Looney preparing to cut jobs as part of his radical overhaul of energy giant to meet its net zero carbon ambitions.
BARC
Barclays (BARC) boss Jes Staley willing to tell US authorities everything he knows about paedophile financier Jeffrey Epstein.
Mike Ashley’s Frasers Group Plc (FRAS) joins other big British retailers in calling for radical overhaul of business rates to save the High Street.
TSCO
Tesco (TSCO)  in trouble with the watchdog over claims it ‘unlawfully’ stopped rival supermarkets opening near its stores for up to a decade
MKS
Marks & Spencer Group (MKS) , led by Archie Norman, warns landlords it will shut loss-making stores. Marks & Spencer’s landlords are braced for more closures after senior executives said the shutters would come down at any under-performing stores.
Apple’s grip over its app store will attract fresh attention this week after it emerged that Google-owned subscription streaming service YouTube TV is the latest big company to pull out of the in-app payment system in protest against its fees.
JUP
Jupiter Fund Management (JUP) boss Andrew Formica clinches £500m funds takeover. One of Britain’s best-known listed fund managers is close to taking over a rival to create a powerhouse managing £67bn of assets.
ULVR
Unilever (ULVR), led by Alan Jope, to shake up brands. Unilever has kicked off a strategic review of its health and beauty brands as the consumer goods giant wrestles with slow growth.
Beijing bids for role in building HS2. Beijing may swoop on the UK’s battered construction sector in order to gain a foothold on the £100bn High Speed 2 railway.
Major investors warn Government over national infrastructure bank plans. There are fears the private sector will be crowded out should a public bank replace the EIB
Loss-making M6 takes its toll on owner IFM, but it’s here to stay – for now. It is still the only UK ‘pay to use’ motorway – so what is the future of road charges?
Coronavirus impact ‘will be bigger than trade war’. Study predicts supply and export problems caused by China epidemic will take heavy toll worldwide
Andrew Bailey, the incoming Governor of the Bank of England, has won the blessing of predecessor Mervyn King as he prepares to take up the reins in Threadneedle Street next month.
The Government is to cap rail profits and cancel franchising in the most radical shake up of the industry since privatisation. The plans signal Government determination to address public anger over the state of Britain’s rail services
Former Morgan Stanley president slams Europe’s capital markets. Colm Kelleher says infrastructure is ‘not fit for purpose’ and Brexit will make situation worse.
RIO
Rio Tinto (RIO) in legal battle with ex-manager over giant mine. Case claims group was told about Oyu Tolgoi issues months before investors found out
INTU
Intu Properties (INTU) in talks to restore executive stock awards. Share price continues to fall as landlord struggles with debt and retail crisis
Bayer ends digital farming agreement after Twitter backlash. Farmers voiced concerns on social media over alleged data sharing
Woowa Bros looks to food delivery robots to trim costs. South Korea’s biggest food delivery company is already leasing robot waiters
GLEN
Glencore (GLEN)  coal business in the spotlight. Pressure mounting on world’s biggest exporter to abandon the fossil fuel
JUP
Jupiter Fund Management (JUP) in advanced talks to buy Merian Global Investors. Deal would create UK group with just over £65bn of assets under management
Rating agencies cut Kraft Heinz bonds to junk status. S&P cites ‘significant mismanagement’ at food giant backed by Warren Buffett and 3G Capital.