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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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10 Feb 2020 10:40

UK WINNERS & LOSERS SUMMARY: intu Properties Rises On Fundraise Talks

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10 Feb 2020 09:48

Intu confirms fundraising discussions with Link Real Estate

(Sharecast News) - Intu Properties confirmed that it is in "constructive discussions" with Link Real Estate on Monday, following press speculation over the weekend.

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10 Feb 2020 08:32

LONDON MARKET OPEN: NMC Health Rises As It Confirms Takeover Interest

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10 Feb 2020 07:53

intu Properties Confirms Fundraise Talks With Asian Investor

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7 Feb 2020 09:10

Pets At Home Calls On Studio Retail Chair Burke To Replace DeNunzio

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6 Feb 2020 09:21

Diploma Picks Former Intu Properties Director As Finance Chief

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29 Jan 2020 09:28

UK BROKER RATINGS SUMMARY: TUI And Ryanair Get Upgrades

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28 Jan 2020 09:10

Intu Properties JV sells Spanish shopping centre for EUR290m

(Sharecast News) - Intu Properties said on Tuesday that a joint venture between it and the the Canada Pension Plan Investment Board has exchanged contracts to sell the Intu Asturias shopping centre for €290m.

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28 Jan 2020 08:17

intu Properties Joint Venture Sells intu Asturias For EUR290 Million

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20 Jan 2020 16:50

LONDON MARKET CLOSE: Trade Lacklustre With US Holiday, IMF Growth Cuts

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20 Jan 2020 08:25

Intu Properties Mulls Fundraise In Late February To Fix Balance Sheet

Intu Properties Mulls Fundraise In Late February To Fix Balance Sheet

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20 Jan 2020 07:50

Intu Properties confirms it's looking to raise cash

(Sharecast News) - Shopping centre owner Intu Properties confirmed on Monday that it is looking to raise extra cash to bolster its balance sheet.

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17 Jan 2020 09:26

UK BROKER RATINGS SUMMARY: Kepler Likes UK Grocers Tesco, Sainsbury's

UK BROKER RATINGS SUMMARY: Kepler Likes UK Grocers Tesco, Sainsbury's

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16 Jan 2020 09:38

UK BROKER RATINGS SUMMARY: Barclays Downgrades Glaxo To Underweight

UK BROKER RATINGS SUMMARY: Barclays Downgrades Glaxo To Underweight

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16 Jan 2020 08:24

TOP NEWS: AB Foods Helped By Sugar Rush And Good Christmas For Primark

TOP NEWS: AB Foods Helped By Sugar Rush And Good Christmas For Primark

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