Wednesday, November 27

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 27 November 2019

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Xerox said it would take its proposal for a $33bn takeover of HP directly to the personal computer maker’s shareholders, Nasdaq’s listings business is on course to eclipse that of bitter rival the New York Stock Exchange this year and Manchester City’s owner has agreed to sell a $500m stake to private equity firm Silver Lake in a deal that breaks a record in sports valuations. Plus, the FT’s Leslie Hook explains why China’s commitment to renewable energy has lagged in recent years, and why it’s causing alarm ahead of the annual UN climate talks.

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Transcript

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0:00.0	The UK's energy partner.
0:06.0	Learn more at equinore.
0:10.0	Good morning from the newsroom of the Financial Times.
0:12.0	Today is Wednesday, November 27th. Good morning from the newsroom of the Financial Times.
0:12.6	Today is Wednesday, November 27th,
0:15.2	and this is your FT news briefing.
0:17.6	Xerox is taking its courtship of HP
0:21.3	directly to shareholders.
0:23.4	Nasdaq's listings business is about to surpass its downtown rivals and private equity
0:28.8	is getting into football in a big way.
0:32.3	Plus we'll take a look at why China's commitment to renewable energy
0:35.6	has lacked in recent years. I'm Mark Filipino and here's the news you need to
0:41.4	start your day.
0:48.0	Xerox hasn't had much luck in its bid for HP, so it's decided to try to get HP shareholders on board.
0:53.2	Xerox said it would take its proposal for a $33 billion move for
0:57.4	HP to the group's stakeholders.
1:00.1	The move came just hours before HP released its fourth quarter earnings report.
1:04.3	HP shares at one point were up more than 3% after the bell.
1:08.3	The FT's Richard Waters has more.
1:11.8	Now the interesting question I think judging by the way that Wall Street
1:15.2	is looking at this battle is that there's a general view that a combination of these two
1:19.8	companies would be very valuable for shareholders.
	...

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