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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 Jul 2018 16:19

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 20 July Acacia MiningHalf Year Results BeazleyHalf Year GroupTrading

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15 Jun 2018 12:56

DIRECTOR DEALINGS: Intu Chairman Associate Buys GBP1.2 Million Shares

LONDON (Alliance News) - Intu properties PLC said Friday an associate of Deputy Chairman John Whittaker has bought 600,000 shares in the company.Cheeseden Investments Ltd acquired the at in

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14 Jun 2018 10:25

Intu Properties Letting Experiences Positive Momentum Amid New Deals

LONDON (Alliance News) - Intu Properties PLC said Thursday it continues to see "positive momentum" in lettings after scoring new deals with several retailers.The FTSE 250-listed a

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19 Apr 2018 10:50

WINNERS & LOSERS SUMMARY: Ultra Electronics Slides On Corruption Probe

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 4.2%. The advertising firm was enjoying a a

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18 Apr 2018 16:10

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 19 AprilAcacia MiningEssentraMpac GroupScience Investment Pizza Smaller 20

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18 Apr 2018 10:37

WINNERS & LOSERS SUMMARY: Intu Slides As Hammerson Calls Off Takeover

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

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20 Mar 2018 09:03

Hammerson Signs GBP1.5 Billion Credit Facility For Intu Acquisition

LONDON (Alliance News) - Hammerson PLC said Tuesday it had agreed a GBP1.50 billion three-year revolving credit facility in order to help its proposed deal to -

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19 Mar 2018 13:16

UPDATE: Intu Notes Hammerson's Rejection Of Klepierre Approach

LONDON (Alliance News) - Intu Properties PLC on Monday noted Hammerson PLC's response to a takeover approach from France's Klepierre SA, and said

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19 Mar 2018 09:06

UPDATE: Hammerson Rejects "Entirely Opportunistic" Klepierre Approach

LONDON (Alliance News) - Retail property investor Hammerson PLC on Monday noted an earlier announcement from France's Klepierre SA, and confirmed it a

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19 Mar 2018 07:45

TOP NEWS: Klepierre Confirms Hammerson Rejected GBP5 Billion Approach

LONDON (Alliance News) - France's Klepierre SA on Monday, noting press reports, confirmed it made a preliminary approach to acquire retail property it

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19 Mar 2018 06:55

REPEAT: Hammerson Rejects Surprise GBP4.5 Billion Klepierre Approach

LONDON (Alliance News) - Europe-focused shopping centre firm Klepierre made a takeover approach for UK peer Hammerson PLC a fortnight

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19 Mar 2018 06:45

PRESS: Hammerson Rejects Surprise GBP4.5 Billion Klepierre Approach

LONDON (Alliance News) - Europe-focused shopping centre firm Klepierre made a takeover approach for UK peer Hammerson PLC a fortnight

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15 Mar 2018 09:53

BROKER RATINGS SUMMARY: Barclays Reviews Banks, Goldman Property Firms

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:----------FTSE WITH

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1 Feb 2017 15:33

Wednesday broker round-up

(ShareCast News) - SSE: Barclays reiterates overweight with a target price of 1695p. BP: HSBC reiterates buy, 590p target. Royal Dutch Shell B: Deutsche Bank reiterates buy with a 2450p target. Britvic: JP Morgan reiterates neutral with a 600p target. Intu: Deutsche Bank reiterates sell with a 2

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31 Jan 2017 13:17

Intu Properties on road to acquire Xanadu in Madrid

(ShareCast News) - FTSE 100-listed shopping centre owner Intu Properties has confirmed it was in exclusive talks regarding the potential acquisition of Xanadu shopping centre in Madrid. Following press speculation, Intu said it had signed an exclusivity agreement with the Ivanhoé Cambridge Group to

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