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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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9 Oct 2020 09:34

UK BROKER RATINGS SUMMARY: Barclays Initiates Housebuilder Ratings

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7 Oct 2020 10:35

G4S Calls Garda World Claims "Misleading"; Reiterates Offer Rejection

G4S Calls Garda World Claims "Misleading"; Reiterates Offer Rejection

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7 Oct 2020 09:55

UPDATE 2-FTSE 100 slips as oil prices fall on U.S. stimulus worries; Tesco ends lower

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* British house prices jump at their quickest pace since June 2016* Tesco reports higher sales, FY21 outlook optimistic* Security firm G4S rejects Canadian rival's takeover off...

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7 Oct 2020 09:12

G4S rejects Gardaworld's latest attempt to woo shareholders

(Sharecast News) - G4S again rejected GardaWorld's takeover offer, berating claims made on Tuesday by the Canadian firm about the security company's pension fund as misleading.

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6 Oct 2020 14:01

G4S Announces GBP300 Million Contract As Garda Engages With Investors

G4S Announces GBP300 Million Contract As Garda Engages With Investors

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30 Sep 2020 14:30

G4S rejects new £2.97bn bid from Gardaworld

(Sharecast News) - Security group G4S on Wednesday rejected £2.97bn cash offer from rival GardaWorld as "opportunistic", having rebuffed an earlier similar bid from the Canadian outfit.

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30 Sep 2020 12:12

Garda World Reveals Terms Of GBP3 Billion Offer For G4S

Garda World Reveals Terms Of GBP3 Billion Offer For G4S

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30 Sep 2020 12:03

UPDATE 2-Private equity-backed GardaWorld goes hostile with bid for G4S

* GardaWorld makes cash offer of 190p/share for G4S* G4S rejected GardaWorld earlier proposal for same amount* Shares in G4S up 4% at 197.1p (Adds detail on prior offers, background)By Aakash B and Yadarisa ShabongSept 30 (Reuters) - Canadian securi...

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30 Sep 2020 12:03

UPDATE 3-G4S rejects $3.81 bln hostile bid from private equity-backed GardaWorld

* GardaWorld makes cash offer of 190p/share for G4S* G4S rejected GardaWorld earlier proposal for same amount* G4S shares up 5% at 198.9p (Adds G4S response)By Aakash B and Yadarisa ShabongSept 30 (Reuters) - Security group G4S on Wednesday rejecte...

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30 Sep 2020 09:51

UPDATE 2-Shell weighs on FTSE 100 as virus fears push index to quarterly loss

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* Britain's Q2 GDP falls most on record* Royal Dutch Shell to cut more than 10% of workforce* Compass Group falls on $128 mln charge* Growth stocks to outperform in Q4 - analyst...

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30 Sep 2020 09:45

UK BROKER RATINGS SUMMARY: Credit Suisse Raises BHP And Rio Tinto

UK BROKER RATINGS SUMMARY: Credit Suisse Raises BHP And Rio Tinto

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23 Sep 2020 09:37

UK BROKER RATINGS SUMMARY: ODDO BHF Upgrades Astra And Glaxo

UK BROKER RATINGS SUMMARY: ODDO BHF Upgrades Astra And Glaxo

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21 Sep 2020 10:03

G4S Reports "Resilient" Performance For First Eight Months Of 2020

G4S Reports "Resilient" Performance For First Eight Months Of 2020

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21 Sep 2020 07:36

G4S hails 'resilient' revenues as earnings rise

(Sharecast News) - Security services firm G4S said on Monday that its revenues have remained "resilient" for the first eight months of the year following a strong performance in the first half of 2020.

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