Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGKN PLC Share News (GKN)

  • There is currently no data for GKN

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sunday newspaper round-up: Hong Kong, Air bridges, Vaccine

Sun, 24th May 2020 13:16

(Sharecast News) - Hong Kong democracy activists yesterday made frantic plans to cover their tracks amid fears of a brutal crackdown by the world's most powerful surveillance state. Many deleted politically sensitive online postings, wiped social media accounts and turned to proxy servers that mask their identities after China announced sweeping national security laws for the territory. - Sunday Times

Business leaders have written to Boris Johnson to demand the urgent creation of "air bridges" to low-risk countries to quash fears that Britain's controversial quarantine "risks major damage to the arteries of UK trade". A letter sent to No 10, seen by The Sunday Telegraph, warns the Prime Minister that a failure to act will "push the UK to the back of the queue as states begin conversations for opening up their borders" as the coronavirus pandemic eases. - Sunday Telegraph

So few people in the UK are being infected with the coronavirus that Oxford University researchers may have to "chase" the disease around the country to test their vaccine. To be confident that a vaccine works, enough people who take part in the trial need to be exposed to the virus - but the rate of infection in parts of the UK is becoming too low. Sir John Bell, regius professor of medicine at the university and an expert in immunology, said the speed at which scientists would discover if the vaccine worked was "entirely dependent" on the number of infections in the population. - Sunday Times

Aerospace giant GKN is offering voluntary redundancy to thousands of staff - raising fears that it is planning sweeping job cuts. The Mail on Sunday can reveal that the plane parts manufacturer, which is owned by FTSE 100 buyout firm Melrose, has asked staff at two of its largest aerospace factories to take voluntary redundancy to limit substantial involuntary cuts that are believed to be looming. Aerospace manufacturers are grappling with a slump in demand in civil aviation and are hoping job cuts will help them to survive the coronavirus outbreak. - Mail on Sunday

When the Bank of England governor says he is not ruling out a cut in the cost of borrowing to below zero, you know there is trouble ahead. Negative interest rates are the last resort of the central banker and not to be used unless absolutely necessary. At least that is the thinking inside the forbidding walls of the Bank's offices on Threadneedle Street. Only a couple of weeks ago, governor Andrew Bailey said, in effect, that the Bank had never lowered interest rates to below zero and wasn't going to start now. - Guardian

The former boss of the London Stock Exchange has warned its $27bn (£22bn) debt-fuelled takeover of the data provider Refinitiv carries serious risks and that parts of its business are "obsolete". Xavier Rolet, the Frenchman who ran the exchange for almost a decade until his departure in 2017, said his former employer's efforts to win competition clearance for the deal could go either way. - Telegraph

Jaguar Land Rover, Britain's largest carmaker, has asked for a support package from the government to help it survive the coronavirus pandemic. Talks are ongoing with the Department for Business, Energy and Industrial Strategy (BEIS), and the department said it would not provide a running commentary of the discussions, after Sky reported that the bespoke loan request was in excess of £1bn. - Guardian

Britain's largest solar farm, capable of generating enough clean electricity to power 91,000 homes, is poised to receive the greenlight from ministers this week. The subsidy-free renewables park is expected to reach a capacity of 350MW by installing 880,000 solar panels - some as tall as buses - across 364 hectares (900 acres) of farmland in the Kent countryside. - Guardian

An investment tycoon has warned that Lloyds bank is facing an "existential crisis" and suggested it should wind itself up so it can return capital to shareholders. Jeremy Hosking, worth £385m according to The Sunday Times Rich List, asked whether Lloyds was "a for-profit private company or simply a publicly owned utility" after it joined other banks in cancelling dividend payments following pressure from the City regulator. -Sunday Times

Britain could be poised to launch its first ever sovereign wealth fund under plans being examined by the Government, The Mail on Sunday can reveal. Officials are understood to be 'actively considering' a £25billion taxpayer-backed fund to reboot struggling regional firms in the wake of the coronavirus crisis. Under the plan, the Government would buy shares in key businesses outside of London as part of Prime Minister Boris Johnson's agenda to strive to 'level up' the entire country after lockdown ends. - Mail on Sunday

Boris Johnson has been forced to cave into to Conservative backbench rebels opposed to the presence of Huawei in 5G networks and has drawn up plans to reduce the Chinese company's involvement to zero by 2023. The prime minister's retreat is designed to stave off what could have been an embarrassing defeat when his existing proposal to reduce Huawei to a 35% market share was to be voted on in the Commons. - Guardian

More News
12 Mar 2018 15:08

Aviva Investors backs Melrose's improved takeover offer for GKN

LONDON, March 12 (Reuters) - Aviva Investors, which is a shareholder in both bid target GKN and its suitor Melrose Industries, has come out in support of the turnaround of the

Read more
12 Mar 2018 15:05

LIVE MARKETS-Dark pool caps: who's winning and losing?

* European stocks rise * Utilities rally after RWE, E.ON plan Innogy break-up March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters by

Read more
12 Mar 2018 14:15

EXTRA: Melrose Hits Back At GKN's Dana Deal With Sweetened Offer (ALLISS)

LONDON (Alliance News) - FTSE 100-listed engineering firm GKN PLC was "evaluating" the sweetened GBP8.1 billion takeover offer from Melrose Industries

Read more
12 Mar 2018 14:10

LIVE MARKETS-The Innogy carve-up: just an appetizer?

* European stocks rise * Utilities rally after RWE, E.ON plan Innogy break-up March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters by

Read more
12 Mar 2018 13:14

LIVE MARKETS-Vexed by vol

* European stocks rise * Utilities rally after RWE, E.ON plan Innogy break-up March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters by

Read more
12 Mar 2018 11:48

LIVE MARKETS-Goldilocks, Sheherazade and Candide: a fairy-tale Monday

* European stocks rise * Utilities rally after RWE, E.ON plan Innogy break-up March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters by

Read more
12 Mar 2018 11:26

LIVE MARKETS-Global corporates: a picture of health

* European stocks rise * Utilities rally after RWE, E.ON plan Innogy break-up March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters by

Read more
12 Mar 2018 10:56

LIVE MARKETS-Spot the extremes in European equities

* European stocks rise * Utilities rally after RWE, E.ON plan Innogy break-up March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters by

Read more
12 Mar 2018 10:43

WINNERS & LOSERS SUMMARY: Vectura And Hikma Hurt By US FDA Ruling

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------easyJet, up 2.3% at on

Read more
12 Mar 2018 10:10

LIVE MARKETS-Tariff tit-for-tat: how far will it go?

* European stocks rise * Utilities rally after RWE, E.ON plan Innogy break-up March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to by

Read more
12 Mar 2018 09:43

FTSE 100 lags Europe on miners and energy, Just Eat goes cold

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.1 pct * Just Eat hit by DB downgrade * Vectura, Hikma hit by delay to Advair GKN up 12

Read more
12 Mar 2018 09:30

UPDATE 1-German utilities overhaul supports European stocks

* STOXX edges up 0.3 pct * E.ON, RWE rally after "win-win" Innogy deal * Downgrade to sell hits Just Eat (For a live blog on European stocks, type LIVE/ in an Eikon news 12

Read more
12 Mar 2018 08:56

UPDATE: GKN Evaluating Melrose Industries' GBP8 Billion Improved Offer (ALLISS)

LONDON (Alliance News) - FTSE 100-listed engineering firm GKN PLC advised shareholders to wait Monday after it said it was "evaluating" the boosted GBP8.1 on

Read more
12 Mar 2018 08:45

German utilities overhaul boosts European stocks

MILAN, March 12 (Reuters) - European shares rose in early trading on Monday to their highest in almost two weeks, boosted by gains among German utilities after the announced a

Read more
12 Mar 2018 08:20

LIVE MARKETS-Opening snapshot: Utilities rally

March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.