Hot Off The Wires - 23 September 2019

News.

• Thomas Cook collapses, leaving 650,000 tourists stranded.

• M&S has reduced prices for bread, milk and other staples as it prepares to launch a delivery service.

• The Bank for International Settlements has warned of the “troubling” rise of negative-yielding bonds to more than $17 trillion and sounded a further alarm over the growth in securitisation similar to that which caused the financial crisis.

• Goldman Sachs is planning to launch a stocks and shares Isa in the UK that will pit it against Hargreaves Lansdown and AJ Bell.

• WeWork’s aborted listing may spell end of a “glory period” for amply-funded private companies with lofty valuations, according to the head of Capital Group.

Results

• AstraZeneca (AZN.L) - Qtrilmet recommended for approval in EU

• Marks & Spencer Group (MKS.L) - CFO succession planning

• IMI (IMI.L) - Completion of PBM acquisition

• Sports Direct International (SPD.L) - Possible offer for Goals Soccer Centres

• Avation (AVAP.L) - ATR 72-600 aircraft delivery.

• Hipgnosis Songs Fund (SONG.L) - Transfer of ordinary shares to Premium Segment

• Miton Group (MGR.L) - HY report

• Telford Homes (TEF.L) - Receipt of merger control clearance

• Urban Logistics REIT (SHED.L) - Portfolio and asset acquisitions

Trivia

From which US city can a person travel south into Canada?

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