George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksINTU.L Share News (INTU)

  • There is currently no data for INTU

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sunday newspaper round-up: Pandemic, Jobs, AstraZeneca

Sun, 07th Jun 2020 12:21

(Sharecast News) - Fresh evidence of China's shocking cover-up of the pandemic outbreak has been found in censored media reports from Wuhan. Samples taken from sick patients and analysed by at least five laboratories had confirmed the existence of a lethal new coronavirus before China told global health authorities about an infectious disease that it claimed was unidentified. - Mail on Sunday

Boris Johnson has ordered ministers to lift the lockdown quickly to avoid the possible loss of three million jobs. In a significant shift in the government's approach to Covid-19, the prime minister signed off new measures to open up the economy at a meeting with Rishi Sunak, the chancellor, on Friday night. Johnson stepped in after a crunch meeting on Tuesday where he was warned by Alok Sharma, the business secretary, that failure to reopen the hospitality sector in time for the summer could cost up to 3.5 million jobs. Johnson replied: "Christ!" - Sunday Times

AstraZeneca has approached rival pharmaceuticals company Gilead Sciences about a potential merger, Bloomberg News reported on Sunday. Any merger - which would be the biggest healthcare deal on record - would bring together two of the companies leading the drug industry's efforts to fight the coronavirus pandemic. A combination of the two would be valued at about £200bn. AstraZeneca, valued at £110bn, recently overtook Royal Dutch Shell to become the UK's largest company by market value. Gilead was valued at about $96bn (£74bn) at Friday night's closing price. - Guardian

Sinosceptic Tory MPs have urged HSBC to withdraw backing for China's proposed security laws in Hong Kong, amid warnings that depositors could leave the bank in protest. The China Research Group has written to the bank urging it to drop support for the laws, which would ban subversion against China in Hong Kong. The group said the bank's position was "ultimately self-defeating" and asked HSBC to "confirm that you wish to operate within a rules-based international system". - Sunday Times

British Airways has launched a legal challenge to the government's "unlawful" quarantine rules, arguing that they are disproportionate and littered with problems. IAG, which owns Britain's flag carrier, began proceedings on Friday over plans to force passengers arriving in the UK to quarantine for 14 days. - Sunday Times

British Airways is heading for a vicious showdown with unions after relations appeared to spiral out of control over the airline's plan for drastic job cuts. In a flurry of incendiary briefings last night, the two parties seemed further apart than ever over proposals to lay off up to 12,000 of its 43,000 staff - more than one in four. A series of bitter accusations over the breakdown are understood to have taken place behind the scenes, with both sides now locked in a Mexican standoff. - Mail on Sunday

Crisis-hit shopping centre owner Intu Properties has lined up KPMG to handle a potential administration if efforts to gain breathing space from its lenders fail. The contingency plans from the owner of Essex's Lakeside and Manchester's Trafford Centre, first reported by Sky News, come ahead of critical talks over its £4.5bn debt pile. - Sunday Telegraph

HSBC has waded further into tensions between Britain and China by warning Downing Street against a ban on the equipment maker Huawei in 5G telecoms networks. Mark Tucker, the bank's chairman, made the private representations to Boris Johnson's advisers, according to industry and political sources. HSBC is understood to have claimed that it could face reprisals in China if Huawei was blocked from selling equipment to the next generation of networks being built by Britain's mobile operators. One source said Mr Tucker had been "on manoeuvres" in Westminster in relation to Huawei in recent weeks.- Sunday Telegraph

More News
2 Jul 2020 12:08

Intu Cancels London Shares And Applies For Johannesburg Cancellation

Intu Cancels London Shares And Applies For Johannesburg Cancellation

Read more
26 Jun 2020 14:12

UPDATE: Intu Enters Into Administration, Shares Suspended

UPDATE: Intu Enters Into Administration, Shares Suspended

Read more
26 Jun 2020 08:58

TOP NEWS: Intu Likely To Enter Administration As Creditor Talks Fail

TOP NEWS: Intu Likely To Enter Administration As Creditor Talks Fail

Read more
26 Jun 2020 08:20

LONDON BRIEFING: Aston Martin Goes Back To Market Cap In Hand

LONDON BRIEFING: Aston Martin Goes Back To Market Cap In Hand

Read more
26 Jun 2020 07:48

Intu goes into administration but shopping centres to stay open

(Sharecast News) - Intu Properties said on Friday that it has gone into administration but its shopping centres will remain open.

Read more
23 Jun 2020 10:09

Diploma Says Gibbes Now Chief Financial Officer, Lingwood Steps Down

Diploma Says Gibbes Now Chief Financial Officer, Lingwood Steps Down

Read more
23 Jun 2020 10:02

Intu Properties Turns To KPMG Ahead Of Credit Facility Covenant Waiver

Intu Properties Turns To KPMG Ahead Of Credit Facility Covenant Waiver

Read more
23 Jun 2020 07:57

Shopping centre owner Intu warns it could go into administration

(Sharecast News) - Intu Properties warned on Tuesday that it could go into administration and its shopping centres could be forced to close if it can't agree a standstill with its lenders.

Read more
12 Jun 2020 07:47

PRESS: Intu Needs GBP12 Million To Operate During Administration

PRESS: Intu Needs GBP12 Million To Operate During Administration

Read more
11 Jun 2020 10:10

Intu's 'administrator-in-waiting' seeking fresh funds - report

(Sharecast News) - KPMG is allegedly seeking funds to keep Intu Properties' flagship shopping centres open should it go into administration, it was reported on Thursday.

Read more
8 Jun 2020 17:00

LONDON MARKET CLOSE: FTSE 100 Edges Lower As US Jobs Optimism Wanes

LONDON MARKET CLOSE: FTSE 100 Edges Lower As US Jobs Optimism Wanes

Read more
8 Jun 2020 08:31

PRESS: Intu Properties Alerts KPMG Amid Debt Standstill Talks - Sky

PRESS: Intu Properties Alerts KPMG Amid Debt Standstill Talks - Sky

Read more
2 Jun 2020 10:40

Intu shares surge after cash figures published

(Sharecast News) - Intu shares rose by more than half after the shopping centre operator published figures showing it expected to have more than £62m of cash at the end of 2021.

Read more
2 Jun 2020 10:30

UK WINNERS & LOSERS SUMMARY: Electrocomponents Posts Profit Growth

UK WINNERS & LOSERS SUMMARY: Electrocomponents Posts Profit Growth

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.