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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Towers warned this weekend of a cliff-edge for businesses in the spring as emergency Covid-19 support measures are withdrawn while the economy is still reeling from the effects of the pandemic.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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7 Sep 2018 07:30

Summer heat, World Cup add cheer to Greene King sales

(Sharecast News) - The hot summer spell and football World Cup boosted sales at Greene King in the first 18 weeks of the year as Brits inhaled 3.7m pints of beer during England's seven matches.

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3 Sep 2018 12:39

Pubs sector 'in a precarious state' - Citi

(Sharecast News) - Many pub companies are in a "precarious state", Citi warned on Monday, as they have too much leverage and little surplus cash flow to bail themselves out as the increasingly indebted UK heads for a potential disorderly Brexit.

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31 Aug 2018 16:07

UK Shareholder Meetings Calendar - Next 7 Days

Monday 3 SeptemberRedcentricTuesday 4 September DS SmithMonks 5

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31 Aug 2018 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 3 September MicrosaicHalf Year ResultsDechra PharmaceuticalsHalf Year Year Year 4

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21 Jun 2018 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 22 June Prime PeopleFull Year ResultsEdinburgh Worldwide Investment TrustHalf Year

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16 Mar 2018 06:48

EUROPE RESEARCH ROUNDUP -BBA Aviation, Flughafen Zuerich, Greene King

March 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BBA Aviation, Flughafen Zuerich and Greene King, on Friday. HIGHLIGHTS * :

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16 Feb 2017 10:33

Spending on eating out remains resilient as inflation crunch looms

(ShareCast News) - In the normally quiet month for the pubs and restaurant sector, sales data for January was positive overall and showed casual dining chains enjoying a continued recovery. Industry like-for-like sales grew 1.9% in January 2017 compared to 2016, according to the Coffer Peach Busi

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13 Feb 2017 09:29

BROKER RATINGS SUMMARY: Morgan Stanley Raises AB Foods To Overweight

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10 Feb 2017 16:40

FTSE 250 movers: Elementis gains, Just Eat tanks

(ShareCast News) - The FTSE 250 closed up 0.47% to 18,715.36 points. Elementis was a top riser as it entered into an agreement to acquire specialty chemicals platform SummitReheis from an affiliate of One Rock Capital Partners for an enterprise value of $360m. SummitReheis - which is expected to re

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10 Feb 2017 10:35

Friday broker round-up

(ShareCast News) - British American Tobacco: Berenberg upgrades to Buy with a target price of 5670p. Smith & Nephew: Jefferies reiterates Buy with a target price of 1350p. BT Group: UBS maintains Neutral with a target price of 325p. Ashmore Group: UBS maintains Buy with a target price of 390p. Da

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10 Feb 2017 09:25

BROKER RATINGS SUMMARY: Berenberg Upgrades BAT To Buy From Hold

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10 Feb 2017 09:21

Greene King's shares fall as Canaccord cuts target price, lowers guidance

(ShareCast News) - Greene King's shares fell on Friday as Canaccord Genuity reiterated a 'buy' rating but cut the target price to 850p from 900p and lowered its earnings guidance. The pub operator reported strong trading over the Christmas period on Friday as it sounded a confident note on its outlo

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10 Feb 2017 07:47

London pre-open: Stocks set to track advance on Wall Street

(ShareCast News) - Shares were expected to start the session higher, tracking a record close overnight on Wall Street and on the heels of better than expected Chinese trade data. As of 0721 GMT the Footsie was being called to start the day higher by 23 points to 7,252. In parallel, the Shanghai Sto

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10 Feb 2017 07:16

Greene King reports strong Christmas trading

(ShareCast News) - Pub group Greene King reported strong trading over the Christmas period on Friday as it sounded a confident note on its outlook. In the 40 weeks to 5 February, like-for-like sales grew 1.1%. Excluding Fayre & Square, LFL sales were up 1.6% over the period. Over the last 16 weeks,

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9 Feb 2017 13:00

Friday preview: Greene King to report strong third quarter trading update

(ShareCast News) - Pub operator Greene King is expected to report a robust third quarter trading update on Friday during a strong performance across the rest of the sector. Numis anticipates the company will report a small recovery in Christmas trading, in line with the sector, but believes the pres

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