FT News Briefing Wednesday, June 12
Jun 12, 2019
Elon Musk anticipates a record quarter for Tesla, stirring excitement in the auto industry. Meanwhile, Royal Dutch Shell is scaling back its ride-hailing ambitions in London. The British government is seeking new powers to block companies from the London Stock Exchange over national security. On the retail front, a crucial meeting about Arcadia's restructuring raises concerns over creditor approval and the potential fallout for store closures and rental agreements. The complexities of company voluntary arrangements and their implications for landlords are also discussed.
AI Snips
Chapters
Transcript
Episode notes
Tesla Demand
- Elon Musk denies demand problems for Tesla's Model 3, claiming sales exceed production.
- He predicts a record quarter for Tesla, boosting share prices.
Shell Ride-Hailing
- Royal Dutch Shell is scaling back its ride-hailing pilot program in London after 18 months.
- The app initially helped drivers find high-demand areas, but now offers limited services.
UK Stock Exchange Security
- The British government seeks new powers to block companies from listing on the London Stock Exchange on national security grounds.
- This comes amid concerns about dirty money linked to organized crime and hostile states.