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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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LONDON MARKET MIDDAY: Equities Rack Up Gains As US Polls Open

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3 Nov 2020 11:22

UK TOP NEWS SUMMARY: Trump, Biden Wrap Up Campaigns As US Polls Open

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3 Nov 2020 10:22

TOP NEWS: G4S Rejects Another Offer As Bidding War Kicks Off

TOP NEWS: G4S Rejects Another Offer As Bidding War Kicks Off

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3 Nov 2020 09:37

UPDATE 2-London's FTSE 100 logs best day in two months as banks surge

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* BoE expected to ramp up asset purchase programme* Crest Nicholson surges on upbeat profit outlook* Regus operator IWG jumps as it sees impr...

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3 Nov 2020 09:35

G4S rejects takeover offer from Allied Universal

(Sharecast News) - Security services firm G4S confirmed on Tuesday that it had rejected a takeover offer from US rival Allied Universal.

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29 Oct 2020 11:02

G4S Updates Targets, Advises Investors To Reject GardaWorld Offer

G4S Updates Targets, Advises Investors To Reject GardaWorld Offer

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29 Oct 2020 08:35

G4S further pleas with shareholders to reject 190p GardaWorld offer

(Sharecast News) - G4S issued a further plea to shareholders to reject the unsolicited offer for the company from privately-held Canadian firm GardaWorld on Thursday, reiterating that it believed the 190p-per-share offer "significantly undervalues" G4S, describing it as "nowhere near a full and fair price".

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19 Oct 2020 09:08

Garda World Approaches G4S Investors Directly Amid Board Opposition

Garda World Approaches G4S Investors Directly Amid Board Opposition

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19 Oct 2020 07:17

G4S again rejects Gardaworld £3bn bid

(Sharecast News) - Security firm G4S on Monday again rejected GardaWorld's £3bn offer as the Canadian company posted full details of its 190p-a-share bid.

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18 Oct 2020 11:39

G4S urges shareholders to reject GardaWorld offer

LONDON, Oct 18 (Reuters) - British security company G4S on Sunday recommended its investors reject the hostile takeover offer sent to shareholders by Canadian rival GardaWorld the previous day.The offer document details a cash bid at 190 pence per...

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14 Oct 2020 09:32

G4S Reports "Resilient" Trading Helped By Cost Savings, New Contracts

G4S Reports "Resilient" Trading Helped By Cost Savings, New Contracts

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14 Oct 2020 08:17

G4S nine-month earnings rise amid tight cost control

(Sharecast News) - Security services firm G4S said on Wednesday that underlying earnings in the first nine months of 2020 remain ahead of last year as a decline in revenue was offset by cost control and reduced interest costs.

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9 Oct 2020 17:05

LONDON MARKET CLOSE: Stocks End Higher On New UK Jobs Support Package

LONDON MARKET CLOSE: Stocks End Higher On New UK Jobs Support Package

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9 Oct 2020 14:15

G4S In Takeover Talks With Allied Universal Security Services

G4S In Takeover Talks With Allied Universal Security Services

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9 Oct 2020 13:53

UPDATE 2-Second potential G4S suitor swoops in amid GardaWorld's hostile bid

(Updates shares, adds background, response from Allied Universal)By Yadarisa ShabongOct 9 (Reuters) - Private security firm G4S said on Friday that U.S. rival Allied Universal has expressed interest in making an offer for the British company, whic...

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