The Times 05/02/20 | Vox Markets

The Times 05/02/20

Ferguson (FERG) , one of Britain’s biggest companies that traces its roots back to the Victorian era has outlined plans to list in the United States in a move that could see the business drop out of the FTSE 100.

Kevin Loosemore, the executive chairman of Micro Focus International (MCRO), is to step down from the software developer after a challenging year.

Mike Ashley’s retail empire, Frasers Group Plc (FRAS), has bought a 12.5 per cent stake in Mulberry, the British maker of luxury handbags.

BP (BP.) has raised its dividend despite reporting a 65 per cent drop in annual profits owing to lower oil and gas prices and heavy impairment charges.

Ikea is shutting a large store in the UK for the first time as it focuses on modernising the business to cope with the rapid change in shopping habits.

Alphabet, the owner of Google fell short of Wall Street’s ambitions for its fourth-quarter earnings last night, sending its shares down moments after it revealed its results after the closing bell in New York.

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FERG
Ferguson
FRAS
Frasers Group Plc
MCRO
Micro Focus International

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