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Wednesday newspaper round-up: Lockdown rules, Coronavirus passport, G4S

Wed, 7th Oct 2020 06:26

(Sharecast News) - A Cabinet row has thrown a major overhaul of local lockdown rules into disarray as the leaders of the worst-affected cities warned that the current measures are "not working". A "traffic light" system of different levels of restrictions was due to be announced on Wednesday - but an intervention by Rishi Sunak, the Chancellor, is threatening to delay the plans. - Daily Telegraph
The world's first coronavirus passport is being launched on Wednesday to enable people to travel without having to quarantine. Passengers using two of the world's biggest airlines - United Airlines and Cathay Pacific - and travelling through London Heathrow will be the first to test the technology, which is backed by the US government. The volunteer passengers will upload their coronavirus test results from a validated laboratory onto a digital health passport up to 72 hours before departure. - Daily Telegraph

The Canadian security firm mounting a hostile takeover bid for British rival G4S renewed its attack on the board, as it began its charm offensive with shareholders. Security firm Garda World, which is backed by private equity giant BC Partners, said unforced errors by bosses have helped wipe £1billion off the company's valuation. It questioned if G4S had enough cash to pay for litigation that was 'potentially crippling'. - Daily Mail

Rishi Sunak will take on new powers to block companies from listing on the London Stock Exchange on national security grounds. The chancellor is understood to be preparing to launch a consultation on the details in the coming weeks in response to demands from MPs. The limitations of the rules were exposed three years ago when the stock exchange listed EN+, an energy company associated with Oleg Deripaska. - The Times

Surging coronavirus infection rates have put Britain on the brink of tougher lockdown measures, overshadowing Boris Johnson's attempt yesterday to focus on life after the pandemic. The government's scientific advisers called for "urgent and drastic action" after cases doubled in 11 days to 14,542 and deaths doubled to 76 in the same period. - The Times

Taxpayers stand to lose up to £26bn on the government's most popular Covid-19 business loan scheme because of fraud or an inability to repay the money, Whitehall's spending watchdog has warned. The concerns were raised in a National Audit Office (NAO) report into the 100% government-backed bounce-back loan scheme (BBLS), which was designed to quickly distribute cheap loans of up to £50,000 to small businesses hit by the Covid-19 crisis. - Guardian

More News

Allied Univeral closes in on G4S takeover as acceptance reaches 90%

Allied Univeral closes in on G4S takeover as acceptance reaches 90%

13 Apr 21 11:31

IN BRIEF: G4S shuffles board ahead of takeover by Allied Universal

IN BRIEF: G4S shuffles board ahead of takeover by Allied Universal

7 Apr 21 20:02

Allied Universal's offer for G4S becomes unconditional in all respects

Allied Universal's offer for G4S becomes unconditional in all respects

6 Apr 21 08:43

G4S says Allied Universal GBP3 billion offer now unconditional

G4S says Allied Universal GBP3 billion offer now unconditional

16 Mar 21 17:47

UPDATE 2-G4S saga ends as shareholders accept $5.3 bln Allied Universal offer

(Adds comments from G4S, shareholder, context)By Yadarisa ShabongMarch 16 (Reuters) - The G4S takeover saga finally came to an end on Tuesday after a majority of the security company's shareholders accepted a 3.8 billion pound ($5.28 billion) offe...

16 Mar 21 16:42

CORRECT: Allied Universal urges G4S shareholders to accept offer

CORRECT: Allied Universal urges G4S shareholders to accept offer

12 Mar 21 10:47

Allied Universal lowers acceptance condition for G4S offer to 50%

Allied Universal lowers acceptance condition for G4S offer to 50%

12 Mar 21 08:55

LONDON BRIEFING: UK economy withstands lockdown in January

LONDON BRIEFING: UK economy withstands lockdown in January

12 Mar 21 08:09

IN BRIEF: Allied Universal sets March 16 as final deadline for G4S bid

IN BRIEF: Allied Universal sets March 16 as final deadline for G4S bid

8 Mar 21 18:03

Garda World Security extends offer for G4S to March 16

Garda World Security extends offer for G4S to March 16

8 Mar 21 10:05

GardaWorld extends G4S offer deadline

(Sharecast News) - Canada's GardaWorld has extended the deadline for shareholders to accept its £3.68bn offer for G4S.

8 Mar 21 09:44

Allied Universal Cuts Acceptance Condition For Agreed G4S Offer To 75%

Allied Universal Cuts Acceptance Condition For Agreed G4S Offer To 75%

23 Feb 21 09:23

UPDATE 2-G4S urge shareholders to accept Allied deal as bid battle ends

* G4S recommends vote for Allied's final offer* Allied offer open for acceptance until March 16* Says acceptance level lowered to 75% from 90% (Adds analyst comment, context, background)By Yadarisa ShabongFeb 23 (Reuters) - British private security ...

23 Feb 21 07:52

REFILE-UPDATE 2-G4S urges shareholders to accept Allied deal as bid battle ends

(Refiles to restore dropped letter in headline)* G4S recommends vote for Allied's final offer* Allied offer open for acceptance until March 16* Says acceptance level lowered to 75% from 90%By Yadarisa ShabongFeb 23 (Reuters) - British private securit...

23 Feb 21 07:52

Allied Universal declares ?3.8bn bid for G4S final

(Sharecast News) - Allied Universal said its offer for rival G4S had become final after Canada's GardaWorld on Monday declared it would not raise its own bid for the UK security firm.

23 Feb 21 07:44

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