Tesco will pay a £129 million fine over its 2014 accounting scandal, plus provide compensation for some investors, while two major shareholders are opposed to the supermarket giant's takeover of wholesaler Booker. For more analysis Rodney Hobson, financial commentator, joined Share Radio's Ed Bowsher for more.
Tesco's been warned against its deal with wholesaler Booker, with two of its biggest shareholders saying the £3.7 billion price tag is too steep. Plus newly-merged bookmaker Ladbrokes Coral sees £200 million loss on merger costs. Daniel Thomas, deputy companies editor at the FT, joined Share Radio's Ed Bowsher.
BT has been fined £42m by Ofcom for failing to compensate rivals after delays to broadband installation - a record figure. They'll also have to pay around £300m in compensation to rivals. Plus Stagecoach loses South Western franchise to FirstGroup and Hong Kong firm MTR and YouGov reveals its results. Ken Odeluga, market analyst at City Index, joined Share Radio's Ed Bowsher for the day's company stories.
Positive sentiment has returned to financial firms for the first time in a year, despite Brexit uncertainty. For more on why the sector is now bucking the trend, Ben Jones, principal economist at the Confederation of British Industry, joined Share Radio's senior analyst Ed Bowsher.
Co-op Bank says several ‘credible’ buyers have come forward since it was put up for sale in February - but who might want it now TSB owner Banco Sabadell has bowed out? Plus FTSE 100 engineering conglomerate Smiths Industries sees revenue up 18% - for all the day's key company news, Craig Erlam, senior market analyst at Oanda, joined Share Radio's Ed Bowsher.
High Street retailer Next has announced its first fall in profits for eight years, but shares were stronger on the back of dividend news. Plus haulage company Eddie Stobart plans to float on AIM, Ted Baker results and gaming company GVC, behind foxybingo, increases its dividend. Richard Hunter, head of research at Wilson King Investment Management, went through the day's biggest financial stories.
Kingfisher, the company behind B&Q and Screwfix, beat expectations and posted pre-tax profit of £759m - but shares dropped almost 5%. And are falls on Wall Street just a headline or is there a long-term downward trend? Chris Bailey, founder of investment research consultancy, Financial Orbit, joined Share Radio's Ed Bowsher to discuss the day's biggest company stories.
Wall Street's had its worst day since President Trump's election - the flagship S&P 500 index fell 1.2%, which had ramifications for the FTSE today. Chris Justham, relationship manager at Seven Investment Management, joined Share Radio's Ed Bowsher for more on this and the day's major economic news.
Upmarket tonic water brand Fever-Tree has seen its shares fall despite its profits more than doubling. Plus betting company 888 posts strong full-year results while housebuilder Bellway raises its dividend. For analysis on the day's top company stories, Paul Sedgwick, Head of Investments at Frank Investments, joined Share Radio's Ed Bowsher.
Executive pay remains in the headlines, with German banking giant Deutsche Bank cutting bonuses by more than 75% last year, while four bosses at Melrose Industries were set to split a £200 million share payout. Oliver Parry, Head of Corporate Governance Policy for the Institute of Directors, joined Share Radio's Ed Bowsher to discuss.