Mergers & Acquisitions
Americans earn profits in very different places from where they invest, and more.
EasyJet boss Dame Carolyn McCall is presenting her last set of annual results this morning – before she leaves the budget airline for broadcaster ITV, writes Matthew Vincent. So this is the last time she will have to endure aeronautical puns and metaphors in every single report of the company’s numbers. That said, with some reports suggesting she’s heading to the departure gate with £5m in salary and shares, she may not mind that at all. So, Opening Quote is happy to offer both treatments/(final) approaches.
Royal Mail’s best result in the last half year has arguably been staving off industrial action ahead of the vital Christmas period, writes Matthew Vincent. It seems the Communication Workers Union – which was disputing pension changes and pay – had not realised a pre-strike mediation agreement was legally binding.
Last week at the London Palladium, ITV showcased the best of its televisual talent and new content for an audience of advertisers – as well as for soon-to-start chief executive Dame Carolyn McCall, writes Matthew Vincent. Then, yesterday, Amazon announced its new blockbuster TV productions as it seeks to lure more viewers away from traditional broadcasters. Their respective offerings can perhaps be summed up as Simon Cowell, Piers Morgan, and the cast of Loose Women versus a multi-season adaptation of JRR Tolkien’s Hobbit-laden fantasy Lord of the Rings.
Ladbrokes Coral is updating the market in week two of a 12-week regulatory consultation period that will decide the future of UK betting shops, writes Matthew Vincent. If the government listens to campaigners rather than bookies, and imposes the maximum cut to stakes on fixed-odds betting terminals, hundreds – possibly thousands – of high-street outlets could close, so reliant are they now on these in-store machines.
HSBC, having just been accused of “possible criminal complicity” in money laundering, must be glad to be fielding questions on a positive clean-up story today, writes Matthew Vincent in FT Opening Quote. This morning, it has promised $100bn of finance for low-carbon technology and sustainable development by 2025 as part of a package of measures to strengthen its commitment to tackling climate change and other “green” goals.