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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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24 May 2019 16:07

UK Shareholder Meetings Calendar - Next 7 Days

Monday 27 Mayno events scheduledTuesday 28 MayEddie Stobart Leisure & Metering 29

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20 May 2019 13:39

Monday broker round-up

(Sharecast News) - Hays: RBC Capital Markets upgrades to outperform with a target price of 175p.

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13 May 2019 15:01

FTSE 250 movers: Metro Bank slides, Amigo ascends

(Sharecast News) - London's FTSE 250 was up 0.8% at 19,442.72 in afternoon trade on Friday, with shares of Metro Bank slumping even as it said plans to raise £350m of equity capital were well advanced after it was forced to reassure customers their money was safe.

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13 May 2019 12:34

Monday broker round-up

(Sharecast News) - Marks & Spencer: Citigroup upgrades to buy with a target price of 330p.

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13 May 2019 11:51

LONDON MARKET MIDDAY: Latest Twist In Trade Saga Keeps Stocks On Edge

LONDON (Alliance News) - Worries over US-Sino trade relations spilled over into a second consecutive week, weighing on London stocks on Monday as China insisted talks between the two powers have a

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13 May 2019 10:57

Intu Properties knocked lower by JPMorgan downgrade

(Sharecast News) - Shopping centre owner Intu Properties slumped on Monday as JPMorgan Cazenove downgraded its rating on the stock to 'underweight' from 'neutral' and cut the price target to 94p from 116p saying there was more downside from here.

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13 May 2019 10:31

WINNERS & LOSERS SUMMARY: Vodafone Falls On Fears Of Dividend Cut

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 1.7%. The British Gas parent company said

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9 May 2019 09:19

Intu Properties appoints Dushyant Sangar as chief investment officer

(Sharecast News) - Shopping centre owner Intu Properties has appointed Dushyant Sangar as its new chief investment officer.

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8 May 2019 12:16

Wednesday broker round-up

(Sharecast News) - Sainsbury: BofA Merrill Lynch downgrades to neutral with a target price of 235p

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3 May 2019 17:39

UPDATE: Third Of Votes Oppose Resolution At Intu General Meeting

LONDON (Alliance News) - Intu Properties PLC on Friday noted that a third of votes were in opposition to authorising allotment of unissued shares at its annual general meeting earlier in the in at

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3 May 2019 10:47

WINNERS & LOSERS SUMMARY: HSBC Rises After Strong First Quarter

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - Holdings, up 2.8%. The Asia-focused bank a to

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3 May 2019 08:35

LONDON MARKET OPEN: HSBC And Smurfit Kappa Help Prop Up FTSE 100

LONDON (Alliance News) - Stocks in London were marginally in the green early Friday, with the FTSE 100 helped by gains for China-focused banking giant HSBC and Irish packaging of

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3 May 2019 07:41

Intu Properties warns over rental income amid 'challenging' environment

(Sharecast News) - Intu Properties warned over its rental income on Friday as it said the rest of the year was expected to be "challenging" due to a higher-than-expected level of CVAs and a slowdown in new lettings as tenants delay their decisions, partly due to Brexit-related uncertainty.

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3 May 2019 07:38

LONDON MARKET PRE-OPEN: Smurfit Kappa And HSBC Start 2019 Well

LONDON (Alliance News) - Stocks in London are called for a marginally higher start on Friday, as Smurfit Kappa joined HSBC in reported a strong first three months

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2 May 2019 15:06

FTSE 250 movers: Metro Bank off rails, Intu increases

(Sharecast News) - London's FTSE 250 index was down 0.61% at 19,692.07 in afternoon trade on Thursday, with Metro Bank leading the charge lower.

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