FT News Briefing Wednesday, April 10
Apr 10, 2019
Tensions rise as Prime Minister Theresa May seeks an extension for Brexit amidst party dissent and EU leaders' conditions. In corporate news, AT&T considers selling HBO Europe to tackle its massive debt, while Levi Strauss sees a stock surge after decades. Meanwhile, Uber navigates intricate legal challenges and market sentiment as it prepares for its highly-anticipated IPO, vying for investor confidence post-Lyft's shaky performance.
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Potential Brexit Delay
- The UK might remain in the EU until early 2020, four years after the Brexit vote.
- This risks inflaming the Conservative party, with many against any Brexit delay.
AT&T's Debt and HBO Europe
- AT&T considers selling HBO Europe to reduce its $170 billion debt.
- This follows internal rifts after acquiring Time Warner, HBO's owner, for $80 billion.
Levi Strauss's Comeback
- After returning to the stock market, Levi Strauss plans to open 100 new stores.
- The company's revenue rose by 7%, with a $147 million net income compared to last year's $19 million loss.