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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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3 Sep 2019 17:03

LONDON MARKET CLOSE: Pound Rebounds, FTSE Dips As UK PM Loses Majority

(Alliance News) - London stocks ended Tuesday's session on a downbeat note amid further fiery words aimed at China from US President Donald Trump, while the pound managed to claw back its on a

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2 Sep 2019 16:52

LONDON MARKET CLOSE: UK Election Speculation Sinks Pound, Lifts FTSE

(Alliance News) - The FTSE 100 rocketed higher on Monday, far outpacing the gains recorded elsewhere in Europe, as London's internationally-exposed index benefited from the pound's knocked

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1 Aug 2019 12:36

LONDON MARKET MIDDAY: Stocks Lower As BoE Cut UK Economic Outlook

(Alliance News) - London stocks were down at midday Thursday after Bank of England policymakers kept UK interest rates unchanged, while cutting its forecast for the country's economic index or

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1 Aug 2019 11:16

WINNERS & LOSERS SUMMARY: LSE Up 24% In Week As Clinches Refinitiv Buy

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

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31 Jul 2019 17:05

LONDON MARKET CLOSE: Investors Brace For US Interest Rate Cut

(Alliance News) - Stocks in London ended lower on Wednesday as disappointing earnings and breakdown in US-China talks hit investor sentiment, while the US markets gear up for the Federal Reserve a

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31 Jul 2019 12:03

LONDON MARKET MIDDAY: Trade War Fears, Pre-Fed Jitters Keep Mood Muted

(Alliance News) - London stocks continued to decline on Wednesday ahead of a highly-anticipated interest rate cut by the US Federal Reserve, while trade war fears re-emerged amid a breakdown in US

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31 Jul 2019 10:46

WINNERS & LOSERS SUMMARY: Intu Properties Slumps After Axing Dividend

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

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31 Jul 2019 08:49

LONDON MARKET OPEN: Muted Start As Markets Await Anticipated Fed Cut

(Alliance News) - It was a tepid start for stocks in London on Wednesday as traders pondered the likely size of an anticipated US interest rate cut from the Federal Reserve after the UK market big

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24 Jul 2019 16:13

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 25 July DiageoFull Year ResultsUnileverHalf Year ResultsAnglo

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9 Jul 2019 16:49

LONDON MARKET CLOSE: FTSE Spared Steep Fall As Pound Hits Two-Year Low

(Alliance News) - London stocks continued their downwards slide on Tuesday, though the FTSE 100 was provided with some cushioning in the form of the pound sinking to its lowest level in over two a

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9 Jul 2019 10:28

WINNERS & LOSERS SUMMARY: Investors Look Past Ocado's Widened Losses

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

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12 Jun 2019 08:55

Future of Philip Green's Arcadia in balance as landlords vote on deal

(Sharecast News) - The future of Philip Green's Arcadia retail empire and 18,000 workers lay in the hands of landlords set to vote on a rescue package for the struggling group.

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11 Jun 2019 11:06

PRESS: Arcadia's Future In Doubt As Intu To Vote Against Restructuring

(Alliance News) - Shopping centre owner Intu Properties PLC has told Philip Green's Arcadia it will vote against the retailer's proposed company voluntary arrangement, Sky News reported on

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5 Jun 2019 12:41

PRESS: Arcadia Landlords To Vote On Restructuring Proposals - FT

LONDON (Alliance News) - Landlords of troubled retailer Arcadia Group Ltd are expected to clash over restructuring proposals, the Financial Times reported on Wednesday.Arcadia owns high and

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4 Jun 2019 07:34

Intu Properties appoints Robert Allen as CFO

(Sharecast News) - Shopping centre owner Intu Properties has appointed Robert Allen - the former chief financial officer of Crest Nicholson - as its new CFO with effect from 10 June.

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