FIVE at FIVE: BT faces competition probe, Dr Martens raises guidance, Bezos blocks workers' proposals and Missguided rescued by Ashley

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news.

Proactive Published 01/06/2022

Share X in f @

1. BT’s sports arm merger with Discovery faces CMA investigation

Competition and Markets Authority (CMA) said it will make a decision by 28 July on whether merging BT Sport with Discovery's Eurosport would reduce competition in the UK.

2. Dr Martens jumps on strong results and upgraded outlook

Revenue for the year to 31 March 2022 came to £908.3mln, up 22% from the prior year, while underlying earnings (EBITDA) jumped 28% to £263mln.

3. Amazon founder Jeff Bezos ‘key’ to blocking AGM votes on worker safety

Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos was key to blocking shareholder proposals on improving working conditions of warehouse staff

4. M&A ahoy: Sports Direct owner Frasers Group saves Missguided while Tullow and Capricorn merge

Other retailers including boohoo, JD Sports and ASOS were all potential buyers, according to reports.

5. FTSE 100 dips before Jubilee holiday

Britain's blue-chip benchmark index closed down around 74 points, or 0.98%, at 7,532, well below the session peak of 7,639 and just above the low of 7,529.