Press | Vox Markets
Outgoing Bank of England head to face questions over audio leak. Mark Carney and successor Andrew Bailey may be called in to explain hedge funds’ early access to press audio feed
German court orders Tesla to stop felling trees for Gigafactory. Ruling comes after state environmental office greenlit clearance of 92 hectares of forest
UK holds ‘preliminary discussions’ with China over building HS2. State-owned railway builder claims it can complete rail link faster and more cheaply
Managers of the Church of England’s £8.3bn investment portfolio have criticised US regulators for planning to deny smaller shareholders, such as the church, the right to challenge US companies over excessive executive pay and the climate crisis.
Scottish Power launches 100% green energy tariff. Firm aims to stand out from ‘greenwashing’ deals misleading consumers
Pound surges as markets bet new Chancellor will cut taxes. Tax rises on pensions and property could be off the table as Rishi Sunak takes over from Sajid Javid
CNA
Centrica (CNA) blames gas glut and energy price cap for £1.1bn loss. The company fails to give any update on the search for a new chief executive
JCB cuts production on coronavirus shortages. Workers will move to a 34-hour week at the digger manufacturer’s UK factories ahead of expected parts shortages
Vivendi to float Universal Music. Surprise move comes three years after French owner decided against a listing and in the wake of a stake sale to China’s Tencent
Airbus fails to capitalise on Boeing 737 Max grounding. The planemaker slumped to a €1.36bn (£1.1bn) loss last year despite reporting record aircraft deliveries
BARC
Epstein emails led UK regulators to open Staley probe. Regulators examine disclosures made about the Barclays (BARC) CEO’s relationship with deceased sex offender
CNA
Centrica (CNA) suffers £1.1bn loss as lower commodity prices take toll. British Gas owner’s shares plunge 17% after hefty one-off charges and energy price cap bite.
Tesla to raise $2bn via new share issue. Electric car maker’s move comes in the wake of a huge share price rally this year.
DOM
Domino’s Pizza Group (DOM)’s agrees to dispose of Norwegian arm as it refocuses on the UK. Pizza group to offload loss making unit after struggling to accommodate local preferences.
Nestlé eyes ‘once in a generation’ plant-based opportunity. World’s biggest food group looks to fuel growth with more meat- and fish-free products.
Nissan posts its biggest loss in a decade. The Japanese carmaker struggles with falling sales and the impact of coronavirus on supply chain.
JCB to cut UK production as virus hits supply chain. Digger maker to reduce working hours as it faces parts shortages from China.
RDSA
BP.
Oil giants Royal Dutch Shell ‘A’ (RDSA) and BP (BP.) sink after IEA warns coronavirus is expected to hit demand for oil by around 435,000 a day.
JE.
Newly-formed Just Eat (JE.) reports bumper trading as the competition watchdog continues to mull whether deal should be undone.
BDEV
Deputy Barratt Developments (BDEV) boss Steven Boyes sells £3.7m worth of shares. Boyes, 59, sold 435,000 shares at 842.35p, according to regulatory filings.
Pound jumps after Sajid Javid storms out of No.11 and is replaced by Rishi Sunak.
SXX
Sirius Minerals (SXX) shareholders seek a last-ditch deal to stop £405m takeover that would leave many of them with virtually nothing.
HYNS
Car manual firm Haynes Publishing Group (HYNS) is bought for £114.5m by French rival Infopro Digital. Haynes said media, information and service company Infopro Digital had agreed to pay 700p per share – 62 per cent more than Haynes’ closing share price on Wednesday.
DOM
Domino’s Pizza Group (DOM) announces a retreat from Scandinavia over poor sales with its Norwegian arm first for the chop. Pizza delivery giant has said it will sell its 71 per cent stake in its Norwegian division to its minority shareholders in a deal worth £7million.
Nissan is suing Carlos Ghosn for $90m (£70m), stepping up the legal battle against its former chairman after his arrest and dramatic flight from Tokyo to Lebanon.
BARC
The City watchdog and the Bank of England are investigating the Barclays (BARC) chief executive, Jes Staley, over his links to the sex offender and disgraced financier Jeffrey Epstein.
MKS
Marks & Spencer Group (MKS) is closing two of its clothing distribution centres in a move that puts almost 700 jobs at risk.
CNA
British Gas’s owner, Centrica (CNA), has plunged to a loss of more than £1bn after the price cap cut the energy supplier’s earnings to all-time lows and falling gas market prices dealt a blow to the value of its North Sea business.
Airbus has slumped to a €1.4bn (£1.17bn) annual loss after receiving record fines for bribery, but raised its dividend as aircraft deliveries hit an all-time high.
Airbus has crashed to a €1.36 billion (£1.14 billion) loss as it counts the cost of paying fines for a decade of global multibillion dollar bribery and corruption scandals and the ongoing financial blackhole that is its A400M military transporter plane.
BAB
Babcock International Group (BAB) has warned investors — not for the first time — that profits may not be quite what they expected.
Softbank’s profits have all but disappeared after it lost £1.6 billion on a string of ill-judged bets on start-ups from Wework, the shared office space provider, to Wag, the dog-walking app.
BARC
The chief executive of Barclays (BARC) has said he “deeply regrets” a professional relationship with the sex offender Jeffrey Epstein that is now being investigated by regulators in the UK.
British Gas has reported its lowest profits in memory after Britain’s biggest energy supplier was hit by the government’s price cap on energy bills.
Heavily-loss-making budget airline Norwegian is to further cut the services it flies in an attempt to get itself into the black, which it is promising it will do this year.
BP.
BP (BP.) new chief executive has set an ambition to shrink the oil giant’s carbon footprint to net zero by 2050 and will cut the carbon intensity of the energy it sells by 50% over the same period.
BARC
Barclays (BARC) under increasing pressure over fossil fuel loans. Europe’s biggest asset manager backs vote calling for bank to end services to energy firms.
Nissan launches $90m lawsuit against former chairman Carlos Ghosn. Japanese carmaker seeking damages for ‘corrupt’ actions by ex-boss who fled to Lebanon.
UK could ban sale of petrol and diesel cars in 12 years, says Shapps. Transport secretary’s disclosure of earlier target likely to rattle carmakers.
Ofcom to be put in charge of regulating the internet in the UK. Web firm bosses could be fined or imprisoned if they do not protect users from harmful content
Shopify’s first quarterly profit sends shares to fresh highs. Ecommerce group on track to triple its valuation within a year.
Huawei in talks with LSE to fund 5G research project. UK university’s reputation at risk from exposure to China, academics warn.
Barrick Gold tops forecasts and raises dividend as gold prices soar. Asset sales of $1bn over the past year helped lower debt at Toronto-based miner.
BP.
New BP (BP.) boss pledges net-zero emissions by 2050. Chief’s move represents one of the most ambitious climate targets set by energy major.
BUR
Burford Capital (BUR) hit by Dubai ruling on £350m superyacht. Gulf court overturns litigation funder’s pursuit of vessel at heart of Russian oligarch’s marital split.
AngloGold sells world’s deepest gold mine in South Africa exit. Move could pave way for company to shift primary listing to London.
RIO
Rio Tinto (RIO) weighs closure of Icelandic smelter as it struggles with power costs. ISAL facility remains unprofitable as aluminium producers face weaker demand and prices.
Nissan files $90m lawsuit against Carlos Ghosn. Carmaker seeking damages for ‘years of misconduct and fraudulent activity’ by former chairman.
PLUS
Plus500 Ltd (DI) (PLUS) saw its revenues drop by just over half to $354.5million meanwhile as new regulatory changes designed to limit high-risk betting to experienced and professional investors took effect.
Homeware retailer has significantly upped its annual profits after enjoying higher sales in the last six months.
PLUS
Plus500 Ltd (DI) (PLUS) plans to open its first delivery facilities for Sobeys in Toronto and Casino in Paris. It has signed deals with major supermarkets in the US, Australia, Japan and Sweden.
Nissan launches £70 million lawsuit against fugitive former boss Carlos Ghosn over alleged misconduct including private jet trips and payments to his sister.
BUR
AIM-listed Burford Capital (BUR) rose 1.6 per cent, or 5.1p, to 328.7p, as Barclays analysts upgraded it to ‘overweight’ from ‘neutral’.
MTRO
The head of risk at Metro Bank (MTRO) is leaving as part of a revamp of the lender after an accounting scandal and share price crash. Aileen Gillan, Metro’s chief risk officer since 2013, will depart at the end of the month
Petrol and diesel car ban could be brought forward to 2032. The sale of new petrol, diesel and hybrid cars could be banned in just 12 years under new government plans.
BP.
BP (BP.) has vowed to reduce the carbon footprint of the oil and gas it produces to “net zero” by 2050 in a radical pledge to tackle climate change.
Softbank saw its profits all but disappear after losing £1.6 billion on a string of ill-judged bets on startups, from the shared office space provider Wework to the dog-walking app Wag.
A leading credit rating agency has said that the coronavirus outbreak will knock up to 0.2 percentage points off UK and eurozone growth this year as business investment and exports to China are hit.