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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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11 Mar 2020 10:27

UK WINNERS & LOSERS SUMMARY: G4S Slides As Impairments Cut Profit

UK WINNERS & LOSERS SUMMARY: G4S Slides As Impairments Cut Profit

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11 Mar 2020 09:37

G4S Shares Drop 20% As Annual Profit Plunges On Goodwill Impairments

G4S Shares Drop 20% As Annual Profit Plunges On Goodwill Impairments

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11 Mar 2020 09:30

UPDATE 2-European shares lose for fifth day as BoE stimulus fails to entice buyers

* STOXX 600 at lowest since Jan 2019* FTSE among worst performers, oil stocks drag* Weakness on Wall St pressures local markets- Analyst* Bank stocks among few gainers (Updates to close)By Ambar Warrick and Sagarika JaisinghaniMarch 11 (Reuters) - E...

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11 Mar 2020 09:30

UPDATE 1-European shares gain on Bank of England triple whammy

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE up more than 1%, pound dips after half-point cut* Euro zone banking index on course for best day since October* Santander, HSBC, BNP Paribas lead gains* Germany's Knorr ...

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11 Mar 2020 08:46

LONDON MARKET OPEN: FTSE Gets Boost From BoE Rate Cut; UK Budget Ahead

LONDON MARKET OPEN: FTSE Gets Boost From BoE Rate Cut; UK Budget Ahead

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11 Mar 2020 08:21

UPDATE 3-London stocks fall despite UK rate cut and budget boost

* BOE cuts rates by 50 basis points* G4S second-biggest loser on midcap index* Travel and leisure stocks drop (Updates to close)By Shivani Kumaresan and C NiveditaMarch 11 (Reuters) - London stocks gave up early gains on Wednesday as investors doub...

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11 Mar 2020 08:21

UPDATE 2-London stocks jump after BoE's emergency rate cut

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* BOE cuts rates by 50 basis points* Balfour Beatty biggest gainer on midcap index* Homebuilders, banks rally (Adds comment, updates prices)By Shivani Kumaresan and Devik JainM...

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11 Mar 2020 07:45

UPDATE 2-Security firm G4S slumps on annual loss after $375 mln charge

* Posts full-year statutory loss of 91 million STG* Shares fall 19% to 16-year low* Says coronavirus impact has been "immaterial"* One employee in Asia was infected (Adds shares, detail, background)By Yadarisa ShabongMarch 11 (Reuters) - G4S, one of...

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11 Mar 2020 07:45

UPDATE 1-Security firm G4S slips to annual loss after $375 mln charge

(Adds detail on results, background)March 11 (Reuters) - Britain's G4S, one of the world's largest private security firms, on Wednesday reported an annual statutory loss after taking a 291 million pound ($374.75 million) charge chiefly related to ...

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11 Mar 2020 07:37

G4S FY profit falls; says no impact so far from Covid-19

(Sharecast News) - Security services company G4S posted a drop in full-year pre-tax profit on Wednesday but a rise in revenue as it reassured investors that it had seen no material impact so far from the outbreak of the coronavirus.

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11 Mar 2020 07:27

Security firm G4S slumps to annual loss after $375 mln charge

March 11 (Reuters) - G4S, one of the world's largest private security firms, on Wednesday reported an annual statutory loss after taking a 291 million pound ($374.75 million) charge chiefly related to its UK cash business.The British contractor,...

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4 Mar 2020 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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2 Mar 2020 13:33

Monday broker round-up

(Sharecast News) - Burberry Group: Bank of America upgrades to buy with a target price of 1,800p.

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2 Mar 2020 09:48

UK BROKER RATINGS SUMMARY: BoFA Upgrades Burberry And Rolls-Royce

UK BROKER RATINGS SUMMARY: BoFA Upgrades Burberry And Rolls-Royce

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27 Feb 2020 11:36

G4S Decides To Sell Majority Of Cash Handling Unit For GBP727 Million

G4S Decides To Sell Majority Of Cash Handling Unit For GBP727 Million

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