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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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1 May 2019 15:03

FTSE 250 movers: Funding Circle falters, Ferrexpo flies

(Sharecast News) - London's FTSE 250 index was down 0.10% at 19,805.33 in afternoon trade on Wednesday, with Funding Circle leading the index downwards.

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26 Apr 2019 16:06

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 29 April EvrazQ1 ResultsUP Global SourcingHalf Year Discovery GroupFull 1

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26 Apr 2019 16:05

UK Shareholder Meetings Calendar - Next 7 Days

Monday 29 AprilThomas Cook Group (re remove borrowings limitations)Tuesday 30 AmericanWeir 1 2

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18 Apr 2019 08:20

Intu forms JV with Kuwait to develop Derby shopping centre

(Sharecast News) - Real estate investment trust Intu Properties has formed a joint-venture with Cale Street Investments for the development of its Derby shopping centre.

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18 Apr 2019 07:41

LONDON MARKET PRE-OPEN: Unilever, Rentokil Begin 2019 Well

LONDON (Alliance News) - Stocks in London are set for a muted start Thursday ahead of the Easter weekend, as largecap firms Unilever and Rentokil reported so far

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16 Apr 2019 12:44

Tuesday broker round-up

(Sharecast News) - Galliford Try: Peel Hunt downgrades to hold with a target price of 700p.

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12 Apr 2019 11:17

intu Hires Cheryl Millington As Non-Exec To Help Push Digital Strategy

LONDON (Alliance News) - intu Properties said it has hired former Travis Perkins Chief Digital Officer Cheryl Millington as a non-executive director.Millington, currently a non-executive at

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11 Apr 2019 09:56

Intu Properties appoints Barbara Giddes as interim CFO

(Sharecast News) - Shopping centre owner Intu Properties has appointed director of finance Barbara Gibbes as its interim chief financial officer with effect from 29 April.

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11 Apr 2019 09:45

intu Properties Appoints Interim Finance Chief After Roberts Promotion

LONDON (Alliance News) - intu Properties PLC said Thursday finance executive Barbara Gibbes will become interim numbers chief from late April following the promotion of the current finance a at is

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4 Apr 2019 07:43

LONDON MARKET PRE-OPEN: Saga Slashes Dividend And Warns On 2020 Profit

LONDON (Alliance News) - Stock prices in London are set to pull back on Thursday from a recent winning streak, following mixed trading in Asia and as investors await signals from US-China trade a

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4 Apr 2019 07:31

Finance chief Matthew Roberts elevated to CEO at Intu Properties

(Sharecast News) - Shopping centre owner and manager Intu Properties announced the appointment of Matthew Roberts as its new chief executive officer on Thursday, with effect from 29 April.

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2 Apr 2019 14:35

FTSE 250 movers: Wizz Air flies high, Dixons dives

(Sharecast News) - London's FTSE 250 index was 0.32% higher at 19,300.26 in afternoon trade on Tuesday, as Wizz Air gave the index a lift.

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1 Apr 2019 13:04

Intu Confirms No New Boss Decision Made Amid Press Reports

LONDON (Alliance News) - Dual-listed shopping centre owner Intu Properties PLC confirmed Monday the search for its new boss was ongoing but that no decision had yet been made, following reports an

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1 Apr 2019 06:45

PRESS: Intu Favours Ex-Travis Perkins Operating Chief As New Boss

LONDON (Alliance News) - Shopping centre owner Intu Properties PLC is set to hire former Travis Perkins PLC chief operating officer Tony Buffin as its new chief executive, the Sunday Times on said

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28 Mar 2019 12:36

Thursday broker round-up

(Sharecast News) - British American Tobacco: Citigroup upgrades to buy with a target price of 3,600p.

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