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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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22 Feb 2021 17:21

UPDATE 2-FTSE 100 slips, lockdown exit plan boosts travel stocks

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Boris Johnson sets roadmap on easing of lockdown measures* Pound rises to close to three-year highs* FTSE 100 down 0.2%, FTSE 250 off 0.3% ...

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22 Feb 2021 12:12

LONDON MARKET MIDDAY: Stocks Lower Amid Strong Pound Ahead Of Johnson

LONDON MARKET MIDDAY: Stocks Lower Amid Strong Pound Ahead Of Johnson

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22 Feb 2021 09:56

UPDATE: G4S Auction Ends As Garda, Allied Universal Say Offers Final

UPDATE: G4S Auction Ends As Garda, Allied Universal Say Offers Final

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22 Feb 2021 09:37

UPDATE 2-European shares trim losses after ECB president's speech

* Lagarde says ECB is monitoring rising borrowing costs* Bond yields drop* G4S slumps after GardaWorld withdraws from bid battle* Tech stocks fall further from 20-year high (Updates to market close)By Shashank Nayar and Ambar WarrickFeb 22 (Reuters)...

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22 Feb 2021 08:47

LONDON MARKET OPEN: European Equities Slip Amid Inflation Fears

LONDON MARKET OPEN: European Equities Slip Amid Inflation Fears

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22 Feb 2021 08:40

Garda Says Increased Offer For G4S "Final And Will Not Be Revised"

Garda Says Increased Offer For G4S "Final And Will Not Be Revised"

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22 Feb 2021 08:01

GardaWorld says it won't increase G4S offer

(Sharecast News) - Canadian security services firm GardaWorld said on Monday that it will not raise its offer for G4S as it is not prepared to overpay, clearing the path for Allied Universal to buy its London-listed rival.

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22 Feb 2021 07:54

LONDON MARKET PRE-OPEN: IAG And M&B Financing Moves; Astra Pulls Drug

LONDON MARKET PRE-OPEN: IAG And M&B Financing Moves; Astra Pulls Drug

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22 Feb 2021 07:50

UPDATE 4-Allied bid wins G4S auction after long battle with GardaWorld

* GardaWorld declares 235p/share bid for G4S final* G4S shares fell 9.8% to 242.6p* Auction ends without revised offers for G4S (Adds G4S comment on ESG, updates shares)By Muvija M and Yadarisa ShabongFeb 22 (Reuters) - Allied Universal won a months...

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12 Feb 2021 16:13

GardaWorld, Allied Universal's battle for G4S could be settled by auction

(Sharecast News) - The battle for London-listed security services firm G4S could be settled via auction if GardaWorld and Allied Universal do not make revised bids by 20 February.

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12 Feb 2021 12:06

LONDON MARKET MIDDAY: Europe Slips As Markets Want US Stimulus Headway

LONDON MARKET MIDDAY: Europe Slips As Markets Want US Stimulus Headway

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12 Feb 2021 11:33

G4S Battle To Be Settled By Auction As Takeover Panel Steps In

G4S Battle To Be Settled By Auction As Takeover Panel Steps In

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12 Feb 2021 11:30

UPDATE 3-Battle for UK's G4S heading for $5-bln-plus auction

* Bidders have until Feb. 20 to make revised offers* Day 1 of auction slated for Feb. 22* Shares in G4S up 1% (Adds comment from UNI Global Union)By Yadarisa ShabongFeb 12 (Reuters) - The $5 billion-plus bid battle for British security firm G4S wil...

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12 Feb 2021 11:30

UPDATE 2-Battle for UK's G4S heading for $5-bln-plus auction

* Bidders have until Feb. 20 to make revised offers* Day 1 of auction slated for Feb. 22* Shares in G4S up 1% (Adds context on auction process, background)By Yadarisa ShabongFeb 12 (Reuters) - The $5 billion-plus bid battle for British security fir...

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10 Feb 2021 18:06

IN BRIEF: Garda World Extends Cash Offer For G4S To March 6

IN BRIEF: Garda World Extends Cash Offer For G4S To March 6

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