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

Wed, 07th 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

A cross-party group of MEPs has written to Amazon's chief executive, Jeff Bezos, demanding information on the online retailer's monitoring of trade union activists and politicians in response to deleted job postings that described unions as "threats". The letter, from 37 members of the European parliament, said they were concerned Amazon deliberately targeted workers seeking to organise, and also questioned whether the company had "spied" on politicians. - Guardian

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

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23 Jul 2020 07:19

Security contractor G4S beats profit estimates, dividend still on hold

July 23 (Reuters) - Private security contractor G4S Plc on Thursday reported first-half operating profit that beat market expectations, getting a boost from a solid performance in its core security business, but said it would still hold off on re...

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20 Jul 2020 09:38

UK BROKER RATINGS SUMMARY: Barclays Downgrades Standard Life Aberdeen

UK BROKER RATINGS SUMMARY: Barclays Downgrades Standard Life Aberdeen

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17 Jul 2020 14:38

G4S Unit Agrees To Pay GBP44 Million Over Electronic-Tagging Fraud

G4S Unit Agrees To Pay GBP44 Million Over Electronic-Tagging Fraud

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16 Jul 2020 09:37

UK BROKER RATINGS SUMMARY: Jefferies Raises British Land, Cuts SEGRO

UK BROKER RATINGS SUMMARY: Jefferies Raises British Land, Cuts SEGRO

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16 Jul 2020 07:29

UPDATE 3-Slowing UK job losses seen as "calm before storm"

* Pace of decline in employees on payrolls slows* Unemployment rate holds steady at 3.9%* Half a million out-of-work people said they were in work* Vacancies hit lowest level on record* Total pay falls by most since 2009* Data is "calm before storm" ...

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16 Jul 2020 07:29

UPDATE 2-Pace of decline in UK jobs market slowed in June - ONS

* Pace of decline in employees on payrolls slows* Unemployment rate holds steady at 3.9%* Half a million out-of-work people said they were in work* Vacancies hit lowest level on record* Total pay falls by most since 2009* Data is "calm before storm" ...

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16 Jul 2020 07:29

UPDATE 1-Pace of decline in UK jobs market slowed in June - ONS

(Adds details, background)LONDON, July 16 (Reuters) - The pace of decline in Britain's labour market slowed in June, official data showed on Thursday although the figures did not include a recent slew of job losses caused by the coronavirus's hit ...

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14 Jul 2020 09:49

UK BROKER RATINGS SUMMARY: RBC Upgrades IMI And Downgrades Rotork

UK BROKER RATINGS SUMMARY: RBC Upgrades IMI And Downgrades Rotork

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13 Jul 2020 15:06

FTSE 250 movers: G4S rallies; transport operators fall

(Sharecast News) - London's FTSE 250 was up 1.1% at 17,365.48 in afternoon trade on Monday.

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13 Jul 2020 13:33

UPDATE 2-G4S plans more than 1,100 job cuts at cash-handling business

* G4S to restructure UK cash-handling business* Cash industry on a knife edge -GMB union* Union in talks with G4S over planned cuts (Writes through, adds quotes, shares and context)By Yadarisa Shabong and Pushkala AripakaJuly 13 (Reuters) - Private ...

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13 Jul 2020 10:34

UK WINNERS & LOSERS SUMMARY: G4S Surges On Positive Outlook

UK WINNERS & LOSERS SUMMARY: G4S Surges On Positive Outlook

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13 Jul 2020 09:59

UPDATE 2-European stocks gain on vaccine, stimulus hopes; earnings eyed

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* Pfizer, BioNTech's coronavirus vaccines make progress* Finland's Neles at record high on Alfa Laval bid* Ubisoft sinks after major management reshuffle* STOXX 600 near 1-week ...

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13 Jul 2020 09:46

G4S First Half To Beat Market Estimates Amid Resilient June Trading

G4S First Half To Beat Market Estimates Amid Resilient June Trading

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13 Jul 2020 09:14

UPDATE 2-London stocks end higher with corporate earnings in focus

* Major miners push up FTSE 100* Gains in Asian shares factor into markets* Brexit talks also in focus (Updates to close)By Shashank Nayar and Ambar WarrickJuly 13 (Reuters) - British stocks closed higher on Monday, recovering from the prior week's...

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13 Jul 2020 07:02

G4S first-half profit to beat expectations

(Sharecast News) - G4S said first-half profit would be well ahead of expectations and that it would bring forward its results announcement to the week beginning 20 July.

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