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Sunday newspaper round-up: Restrictions, Brexit deal, Tax

Sun, 03rd Jan 2021 21:22

(Sharecast News) - Sir Keir Starmer has urged Boris Johnson to bring in new national Covid restrictions within the next 24 hours. The Labour leader said the virus was "clearly out of control", as he insisted that it was "no good the Prime Minister hinting that further restrictions are coming into place in a week, or two or three. That delay has been the source of so many problems," he said. "So, I say bring in those restrictions now, national restrictions, within the next 24 hours." - Sunday Telegraph
Officials will this week launch urgent talks to thrash out a Brexit deal for the City by March, The Mail on Sunday can reveal. The Treasury's top Ministers and civil servants will hold meetings with City lobby groups to form a plan for selling British financial services in EU countries. John Glen, the City Minister, and Katharine Braddick, director general of financial services at the Treasury, will play key roles in drawing up a 'memorandum of understanding' with the EU. - Mail on Sunday

Britain is being urged to overhaul its tax system after a report found that official data had missed almost £800bn owned by the country's wealthiest households. The Resolution Foundation said that calculations by the Office for National Statistics (ONS) had failed to take account of about 5% of the assets and wealth in Britain. The think tank's analysis used The Sunday Times Rich List as well as ONS statistics. - Sunday Times

In these strangest of times it shouldn't come as a surprise that one of the biggest investment winners has nothing to do with real money. It is 'cryptocurrency' Bitcoin. But investment experts are divided over whether its recent surge in price can be sustained. While some, such as asset manager Ruffer, have embraced it within their investment portfolios, others fear it could be heading for a sharp fall - as happened in early 2018. - Mail on Sunday

The bosses of leisure giants including JD Wetherspoon, Marston's and the owner of Alton Towers warned this weekend of a cliff-edge for businesses in the spring as emergency Covid-19 support measures are withdrawn while the economy is still reeling from the effects of the pandemic. Business leaders said that there was an urgent need to extend the measures - such as business rates relief and the cut in VAT from 20% to 5% for hospitality, tourism and accommodation - for at least a year. - Sunday Telegraph

Beyond the horizon off the coast of North Yorkshire, a quiet revolution is emerging from the waves of the North Sea. More than 80 miles from land, hundreds of the world's most powerful wind turbines have begun reaching into the air as construction progresses on the biggest windfarm ever built. Almost 200 turbines, each almost as tall as the Eiffel tower, will soon rise above the submerged Doggerland to populate an expanse of sea as large as North Yorkshire itself. - Guardian

The pandemic has already wreaked havoc on the pub sector, with some of the UK's largest pubcos including Greene King, Mitchells and Butlers, Fuller's and Marston's axing thousands of jobs between them last year. Meanwhile, some 2,500 pubs are estimated to have closed for good across the UK as coronavirus restrictions cause cash reserves to dry up and debts to mount. With activity in the pub sector having been typified by consolidation in recent years such as Stonegate's £1.3bn purchase of Ei Group in 2019 and Greene King's takeover by Hong Kong-based CKA in the same year, experts predict the downfall of some operators will provide an opportunity for their better-placed rivals. - Sunday Telegraph
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6 Sep 2019 15:54

Greene King Faces Shareholder Opposition To Remuneration Report

(Alliance News) - Greene King PLC said a third of its shareholders rejected a motion to approve a directors' remuneration report during the company's annual general meeting on pub operator

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6 Sep 2019 07:46

Greene King Q1 beer sales fall ahead of ?2.7bn takeover

(Sharecast News) - Pub owner and brewer Greene King saw beer sales plunge in the first quarter ahead of its £2.7bn takeover by Hong Kong billionaire Li Ka-Shing.

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30 Aug 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

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21 Aug 2019 13:20

Wednesday broker round-up

(Sharecast News) - Greene King: RBC Capital Markets downgrades to sector performer with a target price of 850p.

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20 Aug 2019 12:26

Tuesday broker round-up

(Sharecast News) - Royal Dutch Shell: Barclays downgrades to equal weight with a target price of 3,100p.

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20 Aug 2019 11:00

Canaccord Genuity lowers Greene King to 'hold' following CK Noble offer

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm's shares from 'buy' to 'hold' following the previous session's accepted offer from CK Noble.

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19 Aug 2019 17:01

LONDON MARKET CLOSE: FTSE 250 Surges As Greene King Accepts Takeover

(Alliance News) - London stocks started the week on the front foot amid stimulus hopes and the prospect of further trade talks between the US and China. In Monday's afternoon company news, up

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19 Aug 2019 16:16

TOP NEWS: Greene King Agrees GBP4.6 Billion Offer From CK Asset

(Alliance News) - Greene King PLC said Monday it has accepted an 850 pence cash offer from Hong Kong-listed property developer CK Asset Holdings Ltd.Shares in the FTSE 250-listed pub jumped

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19 Aug 2019 15:56

CK Asset Holdings to buy Greene King for 850p a share

(Sharecast News) - Shares of Greene King surged on Monday as the pub group agreed to be bought by a subsidiary of CK Asset Holdings, the flagship of the CK Hutchison Group, for 850p a share in cash.

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10 Jul 2019 08:28

TOP NEWS: Dunelm Confident Amid Double-Digit Annual Revenue Growth

(Alliance News) - Curtains and bedding seller Dunelm Group PLC on Wednesday reported a double-digit increase in revenue in both its final quarter and full financial year, and said it expects to by

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27 Jun 2019 10:59

WINNERS & LOSERS SUMMARY: Kingfisher Rises After Appointing New CEO

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 3.8%. The DIY retailer appointed Carrefour as -

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27 Jun 2019 07:50

Greene King outperforms but damp weather harming current year sales

(Sharecast News) - Greene King reported that it had returned to market outperformance on Thursday, due to growth from its pub company and brewing and brands segments, although wet weather did hurt sales in the post year-end period.

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20 Jun 2019 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

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13 Jun 2019 15:06

FTSE 250 movers: Contour crushed, Just Group leaps

(Sharecast News) - London's FTSE 250 was 0.41% lower at 19,171.03 in afternoon trading on Thursday, as power generation business Contour Global led the index lower.

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13 Jun 2019 13:08

Thursday broker round-up

(Sharecast News) - Domino's Pizza Group: Peel Hunt upgrades to buy with a target price of 300p.

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