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Sunday newspaper round-up: Trump, Cineworld, Cobham

Sun, 04th Oct 2020 18:03

(Sharecast News) - President Donald Trump's team of doctors says he is doing well after his Covid-19 diagnosis and could be discharged as early as Monday. Dr. Brian Garibaldi, a specialist in pulmonary critical care, said Trump received a second dose of the experimental drug remdesivir along with a first dose of dexamethasone yesterday and isn't showing any side effects "that we can tell." He said Sunday that Trump is "up and well" and the plan was to have him "out of bed" Sunday as much as possible, and could potentially return to the White House to continue his five-day course of remdesivir. - Sunday Telegraph

Britain's biggest cinema chain is considering shutting all its UK and US venues temporarily, after the release of the latest James Bond film was put back to next year. Cineworld, which owns the Regal cinema and Picturehouse chains, said in a statement on Sunday: "We can confirm we are considering the temporary closure of our UK and US cinemas, but a final decision has not yet been reached. Once a decision has been made we will update all staff and customers as soon as we can." - Guardian

Lady Cobham has called on Ministers to intervene after the US owner of defence giant Cobham launched a major break-up of the £4billion British firm. City sources said private equity firm Advent had quietly sold off Cobham's shareholding in a Royal Air Force refuelling company and appointed heavyweight bankers to sell its antenna manufacturing unit for £770million. Cobham is understood to have offloaded its 13 per cent stake in AirTanker - which provides the RAF with air transport and air-to-air refuelling services - to investors including Rolls-Royce, Airbus, Babcock International and Thales. - Mail on Sunday

Taxpayers face being on the hook for billions of pounds' worth of mortgages under a "generation buy" scheme being considered by the government to get young people on the housing ladder. Boris Johnson is reported to have asked ministers to devise plans for long-term fixed-rate mortgages with a 5% deposit. This could require the government to take some of the risk from lenders through a form of state guarantee - sparking concern among mortgage experts. - Sunday Times

A British boss of Palantir, whose software was used to separate and deport migrant families in America, portrayed the data firm as a defender of civil liberties last week as its multibillion-dollar float triggered new scrutiny of the secretive company. Louis Mosley, head of its London operation and nephew of former Formula One president Max, said: "Palantir was actually started to guard against government overreach into personal privacy. Much of the software we've built is to prove those kinds of protections." - Sunday Times

The National Farmers' Union (NFU) has called on the UK government to make a legal commitment to ban chlorinated chicken and hormone-fed beef from supermarket shelves. In advance of new agriculture legislation, the NFU president, Minette Batters, said she was not demanding that imported chickens should luxuriate in "10ft-high straw beds" but that the UK's high standards of animal welfare should be imposed on imports. - Guardian

Media giant WPP is poised to appoint a prominent tech entrepreneur to its board. The FTSE 100 advertising group is set to make Tom Ilube, the founder of Crossword Cybersecurity, a non-executive director. Ilube, 57, launched his start-up in 2014 and floated it on the junior AIM market two years ago. He worked as a software engineer at the London Stock Exchange and Goldman Sachs before becoming an entrepreneur, and was part of the founding team of internet bank Egg. - Sunday Times

The UK economy continued its rapid rebound from the depths of the coronavirus lockdown in August, the latest official data on growth is expected to show on Friday, but many economists are braced for a grim winter as job losses mount. The Bank of England's chief economist, Andy Haldane, predicted last week that GDP would be "only around 3-4% below its pre-Covid level" by the end of the third quarter, covering July to September. - Guardian

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16 Feb 2017 08:53

UPDATE 1-Cobham shares plunge on yet another profit cut for British engineer

(Adds shares, background) LONDON, Feb 16 (Reuters) - Britain's Cobham missed a profit target that had already been repeatedly lowered and took a charge on a troubled contract with Boeing, capping "an incredibly turbulent and disappointing year" for the defence and aerospace group. In

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16 Feb 2017 08:45

European shares steady after 7 days of gains, Cobham slumps

LONDON, Feb 16 (Reuters) - European shares steadied on Thursday after rising for the past seven sessions, with gains in airlines stocks offset by weaker miners and a slump in British engineering group Cobham following a poor update. The pan-European STOXX 600 index was little changed in per

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16 Feb 2017 08:41

LONDON MARKET OPEN: Airlines Up As Cobham Suffers From Profit Warning

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16 Feb 2017 08:11

Cobham issues fifth profit warning after balance sheet review

(ShareCast News) - Cobham warned on profits for the fifth time in just over a year, as it made further extensive write-downs after judging its balance sheet is "clearly not strong enough". The FTSE 250 aerospace and defence group has taken a total £179m charge, including £150m from the KC-46 air tan

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16 Feb 2017 07:48

Cobham takes charge on troubled Boeing tanker programme, cuts guidance

LONDON, Feb 16 (Reuters) - British engineering group Cobham said it would take a 150 million pound ($187 million) charge on its work on Boeing's troubled KC-46 tanker program and downgraded its likely 2016 trading profit again. The company said on Thursday its trading profit for 2016 was e

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20 Jan 2017 09:36

BROKER RATINGS SUMMARY: Exane BNP Cuts Sainsbury's And Tesco

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15 Jan 2017 17:13

Sunday share tips: Cobham, H&T

(ShareCast News) - Cobham has become something of a specialist in profit warnings, having issued four since 2015, but the shares are still worth 'holding', The Times´s Tempus said. During the previous week, the heavily-indebted Dorset-based maker of air-refuelling kit told investors it might have to

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11 Jan 2017 17:41

Pharma weighs on European shares but FTSE sets record-breaking streak

* FTSE 100 scores longest winning streak on record * Pan-European STOXX index ends up 0.2 pct * Trump comments on drug prices hits healthcare stocks * Mediaset rallies on report of Vivendi boss offer (Live coverage of European markets now available on cpurl://apps.cp./cms/?pag

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11 Jan 2017 13:58

UPDATE 3-British aerospace company Cobham misses profit target, scraps dividend

* Early readout puts trading profit at 245 mln stg * Group's already lowered target range was 255-275 mln stg * Scraps dividend after poor result on profit and debt * Shares fall as much as 21 pct (Adds CEO, CFO comments from analyst call) By Paul Sandle LONDON, Ja

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11 Jan 2017 10:40

European shares up, Britain's FTSE set for record-breaking streak

(Adds detail, new comments.) By Kit Rees and Helen Reid LONDON, Jan 11 (Reuters) - European shares rose on Wednesday, with retail stocks back in focus after a well-received update from British grocer Sainsbury, though Cobham tanked on disappointing profits. The pan-European STOX

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11 Jan 2017 10:17

IN THE KNOW: UBS Stays Neutral On Cobham Despite Skipped Dividend

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11 Jan 2017 08:47

EXTRA: Cobham Shares Drop As It Warns Again On Profit, Scraps Payout

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11 Jan 2017 08:41

European shares down, Cobham bottom of STOXX - For more see the European equities LiveMarkets blog

LONDON, Jan 11 (Reuters) - Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets Summary: **European shares down 0.2 pct **British engineer Cobham down 18 pct after profit miss **UK grocer Sainsbury's gains on Christmas trading update<

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11 Jan 2017 07:40

Cobham trading profit falls short of guidance, scraps dividend

(ShareCast News) - Aerospace and defence group Cobham posted group trading profit below guidance for the year ended 31 December and said it was not recommending a final dividend. In a post-close trading update, the company said group trading profit for the year came in at £245m, below the range of £

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11 Jan 2017 07:13

British engineer Cobham misses profit target, scraps dividend

LONDON, Jan 11 (Reuters) - British engineering group Cobham said it made 245 million pounds ($298 million) in trading profit in 2016, at least 10 million pounds short of its target, and as a result of poorer than expected trading would scrap its final dividend. The company said its new man

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