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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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6 Nov 2019 11:55

LONDON MARKET MIDDAY: FTSE Listless As BT Weighs; UK Politics In Focus

LONDON MARKET MIDDAY: FTSE Listless As BT Weighs; UK Politics In Focus

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6 Nov 2019 11:00

UK WINNERS & LOSERS SUMMARY: Vodafone Up, BT Down On Virgin Media Deal

UK WINNERS & LOSERS SUMMARY: Vodafone Up, BT Down On Virgin Media Deal

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6 Nov 2019 09:34

Intu Properties 2019 rental income to fall, considering cash call

(Sharecast News) - Shopping centre owner Intu Properties said on Wednesday that rental income for the year was set to drop and that it was considering a cash call amid tough trading conditions in the retail sector.

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6 Nov 2019 08:39

LONDON MARKET OPEN: FTSE 100 Snaps Winning Streak But M&S Surges

LONDON MARKET OPEN: FTSE 100 Snaps Winning Streak But M&S Surges

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6 Nov 2019 07:55

TOP NEWS: Intu Properties Warns 2019 Net Rental Income Will Fall

TOP NEWS: Intu Properties Warns 2019 Net Rental Income Will Fall

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30 Oct 2019 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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25 Oct 2019 09:41

UK BROKER RATINGS SUMMARY: Goldman Says Buy Boohoo; Peel Hunt Ups ASOS

UK BROKER RATINGS SUMMARY: Goldman Says Buy Boohoo; Peel Hunt Ups ASOS

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18 Oct 2019 09:24

UK BROKER RATINGS SUMMARY: JPMorgan Likes RBS; Goldman Cuts Fresnillo

UK BROKER RATINGS SUMMARY: JPMorgan Likes RBS; Goldman Cuts Fresnillo

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18 Oct 2019 08:39

LONDON MARKET OPEN: InterContinental Hotels Heads Lower But LSEG Rises

LONDON MARKET OPEN: InterContinental Hotels Heads Lower But LSEG Rises

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3 Oct 2019 09:34

BROKER RATINGS SUMMARY: Peel Hunt Raises Flutter Entertainment To Hold

BROKER RATINGS SUMMARY: Peel Hunt Raises Flutter Entertainment To Hold

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10 Sep 2019 14:53

FTSE 250 movers: Cairn Energy climbs, IP Group slips

(Sharecast News) - London's FTSE 250 was up by 0.10% to 19,698.97 in afternoon trading on Tuesday, with Cairn Energy leading the index higher.

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9 Sep 2019 09:05

Intu Properties surges on report of private equity interest

(Sharecast News) - Shares of shopping centre owner Intu Properties surged on Monday following a report over the weekend that private equity firm Orion Capital Managers is considering a buyout.

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6 Sep 2019 14:18

FTSE 250 movers: G4S leaps, SIG slumps

(Sharecast News) - London's FTSE 250 was edged 0.04% higher to 19,657.18 in afternoon trading on Friday, with G4S leading the index higher.

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5 Sep 2019 14:47

FTSE 250 movers: CYBG slides, Future surges

(Sharecast News) - London's FTSE 250 was down 0.11% at 19,597.31 in afternoon trading on Thursday, with CYBG leading the index lower.

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4 Sep 2019 17:52

TOP NEWS: Marks & Spencer's 35 Year Spell In FTSE 100 Comes To An End

LONDON (Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 23, after completing its 100 of

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