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Sunday newspaper round-up: Restrictions, Brexit, Pennon

Sun, 15th Nov 2020 21:43

(Sharecast News) - Today's death toll, which is usually lower on Sunday and Monday due to weekend reporting lags, is up by just 12 from last Sunday - in a sign that fatalities may be flattening out. It comes after the head of the Office for National Statistics said that growth in infections is 'slowing' too. Some 24,962 new confirmed cases of coronavirus were reported today- just five more than last Sunday. Professor Sir Ian Diamond says that while there remains an increase in the number of Covid cases, the data shows a 'slowdown in the rate of growth', providing a small ray of hope for an end to harsh countrywide restrictions. - Financial Mail on Sunday
The departure of Dominic Cummings from Downing Street will not lead to fresh concessions to get a Brexit deal over the line, Boris Johnson's chief negotiator has warned. In a clear message to Brussels and London before resuming talks this week, Lord Frost said that Britain's red lines had not changed. Any settlement had to be "compatible with our sovereignty", he insisted. "That has been our consistent position from the start and I will not be changing it," he posted on Twitter. - Sunday Times

Water giant Pennon is looking into a takeover of embattled rival Southern Water. The FTSE 100 owner of South West Water recently sold waste business Viridor to private equity titan KKR for £4.2bn, netting £3.7bn of cash. It has told shareholders it is keen to recycle that cash via a takeover, rather than hand it back to them. Pennon, run by new boss Susan Davy, is also understood to have run the rule over Wessex and Bristol Water, but Southern is thought a more likely target. - Sunday Times

Big supermarkets should hand back almost £2bn in business rates relief on offer during the coronavirus pandemic because they are paying out dividends to shareholders, according to a former minister in Boris Johnson's government. [...] In total the big six supermarkets - Tesco, Sainsbury's, Asda, Morrison, Aldi and Lidl - will save £1.9bn in bills during the tax year to 31 March 2021, according to figures from Altus Group, a property adviser. - Guardian

Countryside Properties is facing demands for a break-up from an American hedge fund that has been rapidly building a stake in the housing giant. Browning West has told Countryside to sell its housebuilding arm and also wants a board seat, Sky News reported. The hedge fund disclosed a 5pc stake in the FTSE 250 business, which is valued at £2bn, less than two months ago. It has since increased its stake to 8pc. - Sunday Telegraph

Billionaire Fred Done is backing a £2.9bn takeover bid for William Hill by Las Vegas casino operator Caesars Entertainment. The betting tycoon, William Hill's biggest investor, will back the swoop when it is put to a shareholder vote on Thursday, according to sources close to the businessman. Caesars struck a deal with the William Hill board in September after US private equity fund Apollo tabled a competing bid. - Sunday Telegraph

Royal Mail is edging towards a truce in its long-running modernisation battle with unions - just as its postal workers are deluged by a surge in parcel deliveries. Britain's 504-year-old postal service will this week reveal a boost for its parcels business, GLS, when it posts results for the six months to September 27. The Covid-19 crisis has accelerated a shift away from letters and towards parcels, though these are costlier to deliver. - Financial Mail on Sunday
More News
5 Sep 2022 07:38

Vistry to buy Countryside Partnerships in £1.25bn deal

(Sharecast News) - Housebuilder Vistry said on Monday that it has agreed to buy Countryside Partnerships in a £1.25bn deal.

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16 Aug 2022 11:00

TOP NEWS: CMA closes Barratt investigation, focuses on Taylor Wimpey

(Alliance News) - The UK's Competition & Market Authority on Tuesday said it closed its three-year-long investigation into Barratt Developments PLC and provided an update regarding a case involving Taylor Wimpey PLC.

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2 Aug 2022 06:58

One Heritage appoints former Countryside Partnerships director as CFO

(Alliance News) - One Heritage Group PLC on Monday named Anthony Unsworth as its new chief financial officer, effective immediately.

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21 Jul 2022 11:01

Countryside Partnerships backs full year guidance as revenue climbs

(Alliance News) - Countryside Partnerships PLC on Thursday said that revenue in its third quarter was up, as the search for its new chief executive officer continues.

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21 Jul 2022 08:01

Countryside Partnerships delivers 'solid' Q3 performance

(Sharecast News) - Housebuilder Countryside Partnerships said on Thursday that it had delivered a "solid" third-quarter performance, with completions broadly unchanged from a year earlier at 817 homes.

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13 Jul 2022 09:13

Countryside Partnerships chair resigns immediately amid sales process

(Alliance News) - Countryside Partnerships PLC on Wednesday said Non-Executive Chair John Martin is stepping down immediately, after just a year in post.

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13 Jul 2022 07:08

Countryside Partnerships chairman John Martin resigns

(Sharecast News) - Property developer Countryside Partnerships revealed on Wednesday that chairman John Martin had decided to resign from all his roles at the company with immediate effect.

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20 Jun 2022 12:28

IN BRIEF: Countryside Partnerships signs joint venture deal with MTVH

Countryside Partnerships PLC - Essex-based operative builders company - Signs a joint venture deal with London-based housing association Metropolitan Thames Valley Housing. Under the contract, the two will regenerate the Clapham Park Estate in the south London borough of Lambeth.

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20 Jun 2022 11:06

Countryside Parnertships agrees JV with MTVH for Lambeth regeneration

(Sharecast News) - Countryside Partnerships has entered into a joint venture agreement with Metropolitan Thames Valley Housing (MTVH) to deliver the significant regeneration of the Clapham Park Estate in Lambeth, after being selected last year as the preferred partner to deliver the scheme.

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13 Jun 2022 09:17

TOP NEWS: Countryside Partnership opens formal sales process

(Alliance News) - Countryside Partnerships PLC on Monday said it has opened a formal sales process, looking for a potential buyer, following one bid approach and shareholder feedback.

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13 Jun 2022 08:06

Countryside to seek suitor after shareholder feedback

(Sharecast News) - Countryside Partnerships announced its intention to begin a formal sale process on Monday, after a number of recent unsolicited acquisition proposals.

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13 Jun 2022 07:53

LONDON MARKET PRE-OPEN: UK GDP unexpectedly contracts further in April

(Alliance News) - Stocks in London are set to begin the new week on a sour note with risk-off sentiment pervading ahead of a key week for central banks.

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10 Jun 2022 09:46

LONDON BROKER RATINGS: Berenberg downgrades Travis Perkins to hold

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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10 Jun 2022 08:14

LONDON BRIEFING: ProCook faces heat from cooling discretionary spend

(Alliance News) - Kitchenware retailer ProCook Group on Friday said trading has been hurt by increasingly challenging market conditions, with customers affected by "exceptional pressures" on discretionary spending.

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6 Jun 2022 10:00

Countryside bidder backs request for housebuilder to find buyer

(Alliance News) - A Countryside Partnerships PLC suitor backed a call for the housebuilder and urban regeneration firm to kick off a search for a buyer, adding that it would "welcome" the chance to participate.

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