The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
18 Mar 2019 13:37

Monday broker round-up

(Sharecast News) - IWG: RBC Capital Markets upgrades to sector perform with a target price of 260p.

Read more
22 Feb 2019 09:37

BROKER RATINGS SUMMARY: Sainsbury's Gets More Downgrades

LONDON (Alliance News) - The following London-listed shares received analyst recommendations on Thursday and on Friday morning:----------FTSE 100----------UBS CUTS J TO

Read more
20 Feb 2019 17:03

LONDON MARKET CLOSE: FTSE 100 Casts Aside Sainsbury-Asda Merger Woes

LONDON (Alliance News) - Stocks in London ended higher on Wednesday amid optimism over US-China trade deal prospects, with the FTSE 100 shrugging off sharp declines from J Sainsbury.Officials from

Read more
20 Feb 2019 11:55

LONDON MARKET MIDDAY: FTSE 100 Edges Higher Despite Sainsbury's Slump

LONDON (Alliance News) - Stocks were slightly higher at midday on Wednesday, with a tumble for J Sainsbury following a blow to its merger with Asda capping the FTSE 100's FTSE

Read more
20 Feb 2019 10:27

WINNERS & LOSERS SUMMARY: Sainsbury's Sinks As CMA Thwarts Asda Merger

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------John up

Read more
20 Feb 2019 09:52

Intu earnings fall after tough year

(Sharecast News) - Intu Properties reported a fall in earnings in its audited results for 2018 on Wednesday, with the underlying figure dropping to £193.1m from £201m in the prior year.

Read more
20 Feb 2019 08:38

LONDON MARKET OPEN: Sainsbury's Slumps As CMA Mulls Blocking Asda Deal

LONDON (Alliance News) - The FTSE 100 opened higher on Wednesday amid well-received results from lender Lloyds Banking and miner Glencore.The two were helping to

Read more
20 Feb 2019 07:39

LONDON MARKET PRE-OPEN: UK CMA Expects To Block Sainsbury-Asda Deal

LONDON (Alliance News) - Stocks prices are set for a slightly higher start in London on Wednesday following subdued activity in New York overnight, as investors await minutes from the US Federal a

Read more
18 Feb 2019 15:59

Intu Properties Non-Executive Directors Patten And Gordon Step Down

LONDON (Alliance News) - Shopping centre operator intu Properties PLC said on Monday that two non-executive directors have stepped down from their roles with immediate effect.Louise Patten

Read more
13 Feb 2019 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 14 February Coca-Cola HBCFull Year ResultsMicro Focus InternationalFull Year 15

Read more
13 Feb 2019 14:44

FTSE 250 movers: Galliford Try builds, Just Eat cools off

(Sharecast News) - London's FTSE 250 climbed 0.85% to 18,984.09 on Wednesday, with Galliford Try surging as it reported a 4% increase in first-half pre-exceptional pre-tax profit and said full-year turnout is expected at the upper end of analysts' current range.

Read more
11 Feb 2019 08:29

One in ten UK shops empty amid 'perfect storm'

(Sharecast News) - Shopper visits to the high street, retail parks and shopping centres all fell last month, fresh data showed on Monday, while a newspaper report on the same day said mistrust between retailers and landlords was stoking a "perfect storm" for retail landlords.

Read more
25 Jan 2019 17:18

LONDON MARKET CLOSE: Stocks Mixed As Miners Rise But Vodafone Sinks

LONDON (Alliance News) - Stocks in London finished the week mixed as commodity miners were unable to keep the FTSE 100 in the green with Vodafone dragging the index lower.The FTSE 100 closed down

Read more
25 Jan 2019 12:13

LONDON MARKET MIDDAY: Miners On The Up, Property Stocks Recover

LONDON (Alliance News) - The FTSE 100 was higher midday Friday, helped by rising commodity stocks, while the FTSE 250 has been helped by property firms clawing back losses made earlier in the FTSE

Read more
25 Jan 2019 10:40

WINNERS & LOSERS SUMMARY: Earthport Gains As Mastercard Out Bids Visa

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 3.2%. UBS raised the Mexican miner to Buy

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.