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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Towers warned this weekend of a cliff-edge for businesses in the spring as emergency Covid-19 support measures are withdrawn while the economy is still reeling from the effects of the pandemic.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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9 Sep 2016 09:18

Britain's FTSE slips, banking stocks gain after ECB

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 down 0.1 pct * Banks extend post-ECB rally * Bunzl, Burberry fall after downgrades * Mid-cap pub operators in fo

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9 Sep 2016 07:37

Greene King hails 'strong start' to year but warns over Brexit impact

(ShareCast News) - Pub company Greene King said it has made a strong start to the year, with like-for-like sales growth of 1.7% in the 18 weeks to 4 September, but sounded a cautious note on the impact of the Brexit vote. Greene King attributed its strong start to the European Football Championships

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2 Sep 2016 15:05

UK Shareholder Meetings Calendar - Next 7 Days

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2 Sep 2016 15:04

UK Earnings, Trading Statements Calendar - Next 7 Days

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15 Jul 2016 08:33

BROKER RATINGS SUMMARY: Bernstein Cuts Next And M&S To Underperform

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7 Jul 2016 08:52

DIRECTOR DEALINGS: Greene King Non-Executive Director Buys Shares

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5 Jul 2016 14:58

DIRECTOR DEALINGS: Greene King Chairman Philip Yea Buys Shares

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1 Jul 2016 08:51

BROKER RATINGS SUMMARY: Berenberg - Buy Dignity; Liberum - Buy Genus

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29 Jun 2016 13:30

CORRECTED-UPDATE 2-Pub firm Greene King expects to win market share post-Brexit

(Corrects to remove reference to Hungry Horse as a Spirit brand in paragraph 10. It is a Greene King brand.) * Expects to win market share despite Brexit vote * Comparable retail sales up 2.8 pct since start of current FY * FY pretax profit beats consensus * Shares rise as

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29 Jun 2016 07:33

Greene King FY profit up 52%, but warns on Brexit impact

(ShareCast News) - Pub group Greene King reported a surge in full-year profit and revenue, partly thanks to its acquisition of Spirit Pub Company, but cautioned that Brexit was likely to hit consumer confidence in the near term. For the 52 weeks to 1 May, adjusted pre-tax profit rose 52.2% to £256.5

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29 Jun 2016 07:16

TOP NEWS: Greene King Warns On Consumer Confidence Post-Brexit

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22 Jun 2016 15:05

UK Earnings, Trading Statements Calendar - Next 7 Days

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16 Jun 2016 08:10

'Casual dining' restaurants suffer but pubs bubble up, Coffer Peach finds

(ShareCast News) - Trading at larger UK pubs and restaurant groups slowed even further in May, with like-for-like sales down 1.4% year-on-year as a hefty decline at casual dining chains outweighed a small improvement for pubs. These findings from the Coffer Peach Business Trackers were the bigge

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19 May 2016 07:51

Pubs suffer tough April as restaurants enjoy further growth

(ShareCast News) - The restaurants and pubs sector endured a further decline in like-for-like sales in April, as wavering consumer confidence mixed with inclement weather. Like-for-like sales across managed pub and restaurant groups fell 0.8% against the same month last year, according to the Coffer

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17 Mar 2016 08:41

Pub and restaurant sales fall flat in February, Peach Tracker finds

(ShareCast News) - Pub and restaurant sales were flat last month and the industry expects to endure a tougher year than last, according to a respected industry survey. The results of the monthly Peach Tracker, produced by CGA Peach in partnership with Coffer Group, RSM and UBS, found like-for-like s

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