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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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18 Sep 2020 09:45

UPDATE 2-UK stocks end week largely unchanged on Brexit, coronavirus headwinds

* Britain's novel coronavirus cases surge* UK retail sales rise in August* Man Group gains on share buyback program* Online supermarket Ocado best weekly performing blue-chip (Adds details, updates to market close)By Shashank Nayar and Ambar Warrick...

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15 Sep 2020 13:47

Tuesday broker round-up

(Sharecast News) - Glencore: RBC Capital Markets upgrades to outperform with a target price of 240.0p

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15 Sep 2020 12:41

GardaWorld offer does not reflect growth prospects, says G4S

(Sharecast News) - Security services firm G4S reiterated on Tuesday that Canadian rival GardaWorld's 190p a share hostile bid for the company was "highly opportunistic", particularly given that it comes at "a critical inflexion point" in the execution of its corporate strategy.

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15 Sep 2020 09:34

UK BROKER RATINGS SUMMARY: Barclays And JPMorgan Upgrade Rio Tinto

UK BROKER RATINGS SUMMARY: Barclays And JPMorgan Upgrade Rio Tinto

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15 Sep 2020 08:01

LONDON BRIEFING: 700,000 Fewer People Employed In UK Since Lockdown

LONDON BRIEFING: 700,000 Fewer People Employed In UK Since Lockdown

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14 Sep 2020 17:09

LONDON MARKET CLOSE: Positivity Runs Out Of Steam As FTSE 100 Ends Red

LONDON MARKET CLOSE: Positivity Runs Out Of Steam As FTSE 100 Ends Red

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14 Sep 2020 15:00

UPDATE: G4S Rebuffs "Opportunistic" GBP3 Billion GardaWorld Offer

UPDATE: G4S Rebuffs "Opportunistic" GBP3 Billion GardaWorld Offer

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14 Sep 2020 12:07

UPDATE 3-UK's G4S rejects 2.95 bln pound offer from Canadian security firm GardaWorld

* GardaWorld makes all-cash offer of 190p/G4S share* G4S rejects offer, shares up 25% to 182 pence* GW encourages G4S shareholders to press for board's engagement (Releads with G4S statement, details on talks, updates shares)By Yadarisa ShabongSept...

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14 Sep 2020 12:07

UPDATE 2-Canadian security firm GardaWorld makes 2.95 bln pound offer for UK's G4S

* GardaWorld makes all-cash offer of 190p/G4S share* G4S shares jump 24% to 181 pence* GW encourages G4S shareholders to press for board's engagement (Adds analyst comment, background on G4S, updates shares)By Yadarisa ShabongSept 14 (Reuters) - Ca...

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14 Sep 2020 11:59

LONDON MARKET MIDDAY: FTSE Dips As Early Boost From Vaccine News Fades

LONDON MARKET MIDDAY: FTSE Dips As Early Boost From Vaccine News Fades

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14 Sep 2020 11:39

TOP NEWS: G4S Surges As GardaWorld Eyes GBP3 Billion Swoop

TOP NEWS: G4S Surges As GardaWorld Eyes GBP3 Billion Swoop

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14 Sep 2020 11:01

G4S rejects £3bn bid from Canada's GardaWorld

(Sharecast News) - Security services firm G4S confirmed on Monday that it had rejected a hostile 190p a share bid from privately-owned Canadian rival GardaWorld, saying it "significantly" undervalues the business and dismissing it as "highly opportunistic".

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14 Sep 2020 09:53

UPDATE 2-Travel, tech stocks prop up Europe, energy sector takes a hit

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* Oil stocks down as major players warn of sliding demand* Global mood supported by COVID-19 vaccine updates* Chip stocks rise on $40 bln Nvidia-Arm deal (Updates to market clo...

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14 Sep 2020 09:39

UPDATE 2-FTSE 100 closes lower on weak oil majors; Midcaps boosted by G4S

* No-deal Brexit fears cap gains* All eyes on BoE meeting on Thursday* BP drops after it forecasts weak crude demand* Security firm G4S marks best day ever (Adds details, comment, updates to close)By Shashank Nayar and Ambar WarrickSept 14 (Reuters)...

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8 Sep 2020 13:37

UPDATE 1-Three former G4S executives charged in Britain

(Adds comment from Morris's lawyer, G4S, details)LONDON, Sept 8 (Reuters) - Three former executives of security services group G4S Care and Justice Services (G4SCJ) have been charged with fraud over a multi-year scheme to defraud the Ministry of J...

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