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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

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19 Oct 2018 12:05

LONDON MARKET MIDDAY: Stocks Mixed As Italy Concerns Cast Shadow

LONDON (Alliance News) - Stocks in London were mixed at middy on Friday with the FTSE 100 higher as the pound remained around the USD1.30 mark, while weak Chinese data and concerns over Italy's a

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19 Oct 2018 10:50

WINNERS & LOSERS SUMMARY: Intu Properties Up As Consortium Makes Offer

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

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19 Oct 2018 07:36

Intu confirms £2.8bn offer from Peel-led consortium

(Sharecast News) - Shopping centre owner Intu on Friday confirmed it had received an approach from a consortium led by one of its senior directors to buy the company at 210p a share, valuing it at £2.8bn.

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19 Oct 2018 07:35

TOP NEWS: intu Confirms GBP2.85 Billion Takeover Bid From Consortium

LONDON (Alliance News) - intu Properties PLC confirmed on Friday it has received a takeover proposal from a consortium comprising Peel Group, Olayan Group, and Brookfield Property Group.The

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18 Oct 2018 09:29

Intu Properties Signs New Leasing Agreements Despite Tough Environment

LONDON (Alliance News) - Intu Properties PLC said Thursday several retail brands have signed up for new leases despite challenges in the retail industry.The shopping centre operator said at

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18 Oct 2018 07:18

Intu makes solid leasing progress with several new brands

(Sharecast News) - Intu Properties updated the market on its leasing activity on Thursday, reporting that Mazda, Shortlist Media, Monki, Oliver Bonas and Typo were among the latest brands to sign new leases with the owner and manager of UK and Spain shopping centres.

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5 Oct 2018 17:03

LONDON MARKET CLOSE: Stocks End Lower, Dragged By US Bond Yields

LONDON (Alliance News) - Stocks in London followed Europe to close lower Friday due to the relatively high US government bond yields scaring investors away from emerging markets and dragging FTSE 100

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5 Oct 2018 13:40

Friday broker round-up

(Sharecast News) - Intertek Group: Berenberg upgrades to buy with a target price of 5,500p.

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5 Oct 2018 12:00

LONDON MARKET MIDDAY: Stocks Dragged By US Bond Yields, Intu Surges

LONDON (Alliance News) - Stocks continued to fall at midday on concerns over rising US bond yields, presenting a sizable event risk, as Intu Properties surged following news of a its

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5 Oct 2018 11:25

European Shares Slide As US Bond Yields Extend Climb

BRUSSELS/FRANKFURT/PARIS (Alliance News) - European stocks retreated on Friday to extend losses from the previous session as upbeat US data and hawkish comments from Federal Reserve officials for

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5 Oct 2018 10:41

WINNERS & LOSERS SUMMARY: Possible Shareholder Offer Boosts Intu

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - down 5.1%. Goldman Sachs has cut its stock to to

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5 Oct 2018 09:25

BROKER RATINGS SUMMARY: Intu Gets Upgrades As Possible Offer Looms

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Friday morning and late Thursday. ----------FTSE 100----------BERNSTEIN RAISES TO -

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5 Oct 2018 07:51

Intu Properties surges as consortium mulls offer

(Sharecast News) - One of Intu Properties' senior directors is leading a consortium of investment companies to buy the shopping centre owner, leading to speculation that a bid battle could emerge.

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4 Oct 2018 18:32

UPGRADE: Intu Properties Says No Approach Made Yet By Shareholders

LONDON (Alliance News) - Intu Properties PLC on Thursday confirmed it has received no approach from shareholders over buying out the rest of the company.Earlier Thursday Peel Group, Olayan

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4 Oct 2018 17:48

TOP NEWS: Peel Group, Olayan Mulling Buying Rest Of Intu Properties

LONDON (Alliance News) - Peel Group, Olayan Group, and Brookfield Property Group confirmed Thursday they are considering a possible cash offer for the remaining shares in Intu Properties PLC they

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