Daily Express Wednesday, August 7, 2019 51DX1STat the same price and terms.
Universal is owned by French
media giant Vivendi and is
home to artistes such as
Taylor Swift and Lady Gaga,
Tencent is considering
“areas of strategic commer-
cial cooperation” with
Vivendi, which hopes to
improve the promotion of
Universal’s artists.
Vivendi plans to continue
the process to sell an addi-
tional minority stake to other
partners.Chinese bid for Tencent of Universal
UNIVERSAL MUSIC is aim-
ing to hit a higher note in fast-
growing Asian markets after
Chinese technology company
Tencent made overtures.
A deal to buy a 10 per cent
stake would value the world’s
biggest music label at €30bil-
lion (£27.6billion).
Tencent already has a
licensing deal to distribute
Universal’s content on its
streaming platforms in China
and would have a one-year
option of doubling its interestApril but has chosen to head up
the UK and Ireland operations
of American cloud computing
software group Salesforce and
will not have the time needed
to serve on the committee.
A Bank spokesman said: “We
are, of course, sorry... and wish
her well for the future.”Snub to Bank’s diversity plan
FORMER Virgin Money boss
Dame Jayne-Anne Gadhia has
spurned a senior Bank of
England role in a blow to its
lack of diversity.
She was due to join the finan-
cial policy committee, which
monitors the stability of
Britain’s financial system, nexttinue its A380 superjumbo, tak-
ing its total hit to £245million.
It cut half-year pre-tax losses
from over £1.2billion to
£791million and said it is on
track to hit annual underlying
operating profit and free cash
flow targets, despite an outflow
of £429million.
Shares fell 56p to 759p.£1bn turbulence at Rolls
OVER £1billion was wiped
from the value of Rolls-Royce
as it warned of a further
£100million of costs with its
Trent 1000 jet engines, which
power Boeing’s 787
Dreamliner.
It also revealed an extra
£59million charge from
Airbus’s decision to discon-£41.7million to £30.5million on 4.7 per
cent higher sales of £645.8million.
Shares rose 4p to 237¾p.
Wild said: “The relationship with our
UK and Ireland franchisees is very
important to the long-term sustainable
growth of the system.
“We are actively involved in detailed
discussions and are giving these consid-
erable focus and attention.
“While dialogue is continuing, new
store openings are being delayed and
some of our working practices are being
impacted.
“The situation is complex. We are com-
mitted to working with our franchisees
to agree sustainable win-win solutions.”
Domino’s has 63 franchisees in the
UK, who have control over pricing and
discounts. The biggest two franchisees
account for 39 per cent of sites.
Liberum analyst Wayne Brown said:
“The company has yet to provide any
detail on how it plans to manage its way
out of the current malaise.”MARKET REPORT
SIRIUS MINERALS plunged 4¼p
to 10½p as it suspended a planned
$500million (£411million) bond
sale that is key to the funding of its
Yorkshire potash mining project.
Investors checked out of Holiday
Inn operator InterContinental
Hotels Group, down 108p to
5181p, despite half-year operating
profit growing by 14 per cent to
$457million (£376million).
Oil giant BP slipped 8½p to
507p as it strengthened its ties
with Indian industrial company
Reliance with a new joint venture
for retail service stations and
aviation fuel distribution.
Interdealer broker TP Icap fell
7p to 276p on half-year underlying
pre-tax profits of £134million,
down £5million from last year.
Improved operating margins
boosted valve actuators and
control systems group Rotork
21½p to 307½p.
Online retailer MySale jumped
5¾p to 7¾p as it continues a
review to try to reduce debt.Pizza boss off
as prof it sliced
THE boss of Domino’s Pizza is stepping By David Shand
down as it delivered a 27 per cent drop
in half-year profits after poor overseas
trading and a row with franchises stunted
its growth ambitions.
David Wild, who has been in charge for
five years, will be followed through the
exit door by chairman Stephen Hemsley
once a new chief executive has been
recruited and his own successor
appointed.
Wild admitted problems with fran-
chisees, who want a greater share of prof-
its and without whose support fewer
sites are being opened, are unlikely to be
resolved before next year.
Domino’s, which has nearly 1,300
takeaways including 1,100 in the UK, is
also battling “very challenging” trading
across its international operations with
Norway being the weakest performer
and Sweden and Switzerland suffering
increased losses.
The overseas business made a loss of
£6.4million compared with a £1.8million
deficit last year.
Group pre-tax profits fell fromMORE than 1,000 jobs
are at risk after online
fashion retailer Boohoo
bought the digital
business of Karen
Millen and Coast for
£18.2million.
The brands, which
were put into
administration before
being immediately sold,
are set to disappear
from the high street,
where they trade from
32 stores and 177
concessions, employing
about 1,100 people.
Administrators
Deloitte said the stores
would continue to trade
while they realise the
other assets of the
company but 62 head
office jobs have gone.
Karen Millen lost
£5.7million in 2018.
John Lyttle, chief of
Boohoo, said: “The
acquisition represents
another milestone in the
group’s growth story as
it continues to invest.”BOOHOO BUYOUT JOBS FEAR
Edited by DAVID SHAND
email: [email protected]
Visit City & Business pages online at
http://www.express.co.uk/city
Tel: 020 8612 7156 City&Business
Taylor Swift is on
Universal’s rosterBoohoo only sells its styles onlineAustralia 1.74 dollar
Canada 1.54 dollar
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Czech Rep. 26.18 koruna
Denmark 7.51 krone
Eurozone 1.06 euro
Hong Kong 9.16 dollar
Hungary 324.54 forint
Israel 3.98 shekel
Japan 123.14 yen
Kenya 116.38 shilling
Mexico 22.25 peso
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Poland 4.35 zloty
Saudi Arabia 4.41 riyal
South Africa 17.38 rand
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Thailand 35.25 baht
Turkey 6.32 lira
United States 1.19 dollarTOURIST’S POUNDSTOCK MARKETWORLD MARKETSSTERLING VALUECOMMODITIESDOLLAR VALUEFTSE 100 7171.7 -52.2
FTSE 250 18846.2 -25.2
FTSE ALL SHARE 3920.7 -23.4
Shares Traded 3868.9 millionWALL STREET
TOKYO 20585.3 -135.0
HONG KONG 25976.2 -175.1
GERMANY 11568.0 -90.5
FRANCE 5234.6 -6.9Dollar 1.215 +0.001
Yen 129.235 +0.570
Euro 1.084 +0.001Dollar/Yen 106.388 +0.4169
Dollar/Euro 0.893 +0.0002GOLD($) 1470.30
KRUGERRAND(£) 1211.34
SILVER(pence) 1355.92
BRENT CRUDE($) 59.57POPULAR SHARES ON THE RISE
BT Group 184 +¾
HSBC Holdings 628 +1
Int Consolidated Airlines 446¼ +1¾
Royal Bank of Scotland 200¾ +3¼
Royal Mail 205½ +¼POPULAR SHARES UNCHANGED
Barclays 147¼
Lloyds Banking Group 50¼
Saga 44¾POPULAR SHARES ON THE SLIDE
AstraZeneca 7076 -23
Aviva 381¾ -3¼
BAE Systems 536 -2¾
BP 507 -8½
Centrica 69¼ -2
GlaxoSmithKline 1647 -15¾
Marks & Spencer Group 188¾ -2
National Grid 831 -11
Rolls-Royce Holdings 759 -56
Royal Dutch Shell 'B' 2329½ -32½
Sainsbury (J) 188¼ -1¼
Standard Life Aberdeen 281¾ -1½
Tesco 215 -2¼
Unilever 4826 -42
Vodafone Group 146½ -1¼AT A GLANCE
Base rate 0.75%
Halifax mortgage rate 3.99%
Retail Price Index +2.9% (CPI +2.0%)
House price Index +1.4%
Unemployment 1,300,000OTHER INDICATORS++ THE FTSE 100 THE FTSE 100 THE FTSE 100 ++
52 WEEK
COMPANY CLOSE +/- HIGH LOW
52 WEEK
COMPANY CLOSE +/- HIGH LOW
52 WEEK
COMPANY CLOSE +/- HIGH LOW
3i Group .........................................1065 -4 1164½ 756¼
A.B. Foods .....................................2371 -22 2638 2041
Admiral Group ............................2073 -12 2300 1932½
Anglo American.....................1808½ -11½ 2266 1464½
Antofagasta ............................... 809½ -9¾ 1022½ 727¼
Ashtead Group ...........................2117 2438 1586½
AstraZeneca .................................7076 -23 7240 5325
Aveva Group ...............................3774 +20 4170 2284
Aviva .............................................. 381¾ -3¼ 502¾ 364½
BAE Systems .................................. 536 -2¾ 636¼ 444
Barclays ........................................ 147¼ 193 145¾
Barratt Development ............ 624½ -1¼ 663 434
Berkeley Grp Hldgs ..................3738 +2 3981 3226
BHP Billiton ..............................1778¾ -25½ 2049 1490½
BP ........................................................ 507 -8½ 598¼ 485¾
British Amer.Tob ..................... 2980# 4222½ 2375
British Land .................................... 480 +½ 649¾ 475½
BT Group ......................................... 184 +¾ 264¾ 180
Bunzl................................................2047 -35 2551 2046
Burberry Group ..........................2160 -3 2345 1623½
Carnival ..........................................3499 -20 5000 3412
Centrica ........................................... 69¼ -2 155½ 69¼
Coca-Cola HBC ...........................2767 -6 3074 2244
Compass Group .........................1999 -16 2110 1483
CRH ..................................................2564 -14 2735 1971½
Croda International ..................4586 -88 5447¾ 4576
DCC ..................................................6326 -74 7390 5555
Diageo ........................................3353½ -28½ 3526 2523½
Direct Line Insurance ............ 307¼ -2½ 366½ 305
DS Smith ...................................... 320¼ -¾ 513½ 292¼
Evraz .............................................. 602¼ -5 709½ 442
Experian Group ..........................2447 -4 2544 1728½
Ferguson .......................................5924 +74 6556 4749
Fresnillo ........................................ 644¾ +4¾ 1027½ 601
GlaxoSmithKline ........................1647 -15¾ 1730 1418
Glencore ...................................... 231¼ -3¾ 341½ 229½
Halma........................................... 1896# +17½ 2094 1237Hargreaves Lansdown ............1877 -26½ 2433 1633
Hiscox .............................................1581 -18 1777 1418
HSBC Holdings ............................. 628 +1 725¾ 600¾
Imperial Brands ......................2046½ -22½ 2987½ 1846¾
Informa......................................... 831¾ +3½ 892 605¾
InterContinental Htl .................5181 -108 5738 3958½
Intertek Group ............................5378 -56 5962 4387
Intl Consolidated Airlines .... 446¼ +1¾ 711½ 413½
ITV ................................................... 106½ +1 170 104¾
John David Group .................. 588¾ +6¾ 649¾ 318½
Johnson Matthey ................... 2909# -21 3752 2620
Kingfisher ........................................ 210 +½ 299½ 202¼
Land Securities ......................... 772¼ -2 942¾ 765
Legal & General ........................ 245¼ +1¼ 291¼ 223¾
Lloyds Banking Grp................... 50¼ 66½ 49¾
London Stock Ex........................6598 -8 7058 3867
Marks & Spencer ..................... 188¾ -2 299 188¼
Melrose ........................................ 168¼ -2¼ 234 146¼
Micro Focus ..............................1660¼ +10 2491½ 1434½
Mondi .........................................1553½ -40 2230 1550½
Morrison (Wm) ......................... 184¾ -1½ 269½ 184¼
National Grid ...............................831# -11 889¼ 748¾Next .................................................5858 -46 6064 3991
Ocado .........................................1136½ -16 1435 749¾
Paddy Power Betfair ................6228 -92 8140 5525
Pearson ............................................ 810 -6¼ 1027½ 769¼
Persimmon ...............................1896½ -9½ 2501 1859½
Phoenix Group ......................... 656½ +1 724¾ 544
Prudential .....................................1521 +9 1824 1340
Reckitt Benckiser .......................5930 -42 7155 5593
Reed Elsevier ........................ 1879½# -10 1978 1491½
Rentokil Initial ............................... 435 +1½ 447 284¾
Rightmove ...................................... 503 -1½ 585 421
Rio Tinto .....................................4227½ -62½ 4976½ 3486
Rolls-Royce Group ...................... 759 -56 1089 759
Royal Bank Of Scot ................. 200¾ +3¼ 270½ 197
RSA Insurance Grp.................. 535¼ -¾ 641 496½
Ryl Dutch Shell ‘A’ ..................2332½ -29½ 2666 2213
Ryl Dutch Shell ‘B’ ..................2329½ -32½ 2705½ 2227
Sage Group .................................... 703 +¾ 820½ 525½
Sainsbury (J) .............................. 188¼ -1¼ 341½ 187
Schroders ......................................2894 -3 3210 2334
Scottish Mortgage...................... 518 -2½ 568½ 441¼
SEGRO............................................... 730 -4¼ 789 585¼
Severn Trent .................................1964 -29½ 2153 1770
Smith & Nephew .......................1817 -32 1924½ 1258
Smiths Group ..............................1535 -13½ 1666 1279½
Spirax-Sarco .................................8610 +110 9400 5900
SSE ................................................. 1074# -6 1280 1008
St James’s Place ........................ 931½ +10¾ 1171 913½
Standard Chartered ............... 630¾ -7½ 736¾ 519¾
Standard Life ............................. 281¾ -1½ 378¾ 224¾
Taylor Wimpey .......................... 146½ -1 192¼ 129¼
Tesco.................................................. 215 -2¼ 266¼ 189½
TUI AG ........................................... 801½ +4 1582½ 698
Unilever ..........................................4826 -42 5091 3931
United Utilities .............................. 760 -16¾ 873½ 682½
Vodafone Group ...................... 146½ -1¼ 186¾ 123¼
Whitbread .....................................4224 -31 5114 3905
WPP Group................................. 904½ -6 1301 800½26,029.52 +311.78▲РЕЛИЗ ПОДГОТОВИЛА ГРУППА "What's News" VK.COM/WSNWS