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Sunday newspaper round-up: Breast cancer, Food shortages, IAG

Sun, 19th Sep 2021 14:30

(Sharecast News) - The trial of a new drug to treat an aggressive form of breast cancer has "shattered expectations" raising hopes of a "cure", according to its maker, AstraZeneca. The British pharmaceuticals company said three quarters of women in the trial of its new drug, Enhertu, had shown no progression in their disease after 12 months compared with just a third treated with a different medicine. - Sunday Times
Business Secretary Kwasi Kwarteng will tomorrow hold an emergency summit with energy bosses to thrash out a plan to fix the fuel crisis, which has sparked fears of major food shortages. There is growing alarm that the food and drink industry could be badly hit by the closure of two fertiliser plants - in Teesside and Cheshire - due to gas price rises. - Financial Mail on Sunday

The chief executive of British Airways owner IAG has denied widespread City speculation that he is planning to raise billions of euros from shareholders to get the company through the extended Covid crisis. Having seen easyJet tap investors for £1.2 billion in a rights issue earlier this month, focus had turned to IAG with expectations that it would have to follow suit to shore up its finances. - Sunday Times

Prudential is to raise £2 billion on the Hong Kong stock exchange in a move that cements the FTSE 100 insurance giant's focus away from its British base. The 173-year-old insurer intends to use the bulk of the proceeds to pay down debt and give it "financial flexibility in the light of the breadth of opportunities to invest for growth in Asia and Africa". Ultimately it hopes to win a place in the Hang Seng index of Hong Kong's largest companies. - Sunday Times

A cabinet minister has refused to rule out removing the energy price cap but stressed there was "no immediate concern" about energy supply. Alok Sharma, the cabinet minister for the Cop26 summit, said people should be "confident" about energy supplies over the coming months despite surging wholesale gas prices and warnings about resulting product shortages. - Sunday Times

The majority of the UK's small energy suppliers could be left to collapse this winter, the Guardian understands, as the government's crisis talks focus on protecting households rather than bailing out struggling companies. The business secretary, Kwasi Kwarteng, was due to meet the industry regulator on Sunday to thrash out possible options to intervene in the energy market after a recent run of supplier collapses owing to a record rise in global gas and electricity prices. - Guardian

Adzuna, the job search engine used by the Government for live data on the labour market, is planning a stock market listing that will value the company at up to £100m. Launched a decade ago in Clapham, south London, by Andrew Hunter and Doug Monro, the site brings together online job adverts in a searchable form. - Sunday Telegraph

COP26 president Alok Sharma was unable to confirm China would even be sending a delegation to the gathering in November - although he insisted he was "very, very hopeful" they would. The agreement of China, as the world's biggest emitter of greenhouse gases, is seen as crucial if the talks are to succeed in slowing global warming. - The Scotsman

The grocer Morrisons is to begin selling to pubs, restaurants and hotels in a bid to expand its wholesale business rapidly. The FTSE 250 supermarket chain, which is also the UK's second biggest fresh-food producer, is understood to have signed a deal with Starstock, an online portal that enables businesses to order directly from suppliers. The idea is that restaurateurs, hoteliers and pub groups will be able to stock their kitchens with products sourced from Morrisons. - Sunday Times

The majority of the UK's small energy suppliers could be left to collapse this winter, the Guardian understands, as the government's crisis talks focus on protecting households rather than bailing out struggling companies. The business secretary, Kwasi Kwarteng, was due to meet the industry regulator on Sunday to thrash out possible options to intervene in the energy market after a recent run of supplier collapses owing to a record rise in global gas and electricity prices. - Guardian

Rolls-Royce is developing a nuclear reactor that it hopes will be capable of powering mining operations on the Moon and even Mars, The Mail on Sunday can reveal. Dave Gordon, head of the company's defence division, said it is studying how a micro-nuclear reactor could be used to propel rockets while in space at huge speeds. He revealed that Rolls-Royce is investigating whether that technology could then be redeployed to provide energy for drilling, processing and storage for socalled 'Moon mining'. - Financial Mail on Sunday
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24 Aug 2021 15:05

TOP NEWS: Morrisons pension bosses push for CD&R covenant support

TOP NEWS: Morrisons pension bosses push for CD&R covenant support

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24 Aug 2021 14:56

Morrisons' pension trustees warn of risks from takeover

LONDON, Aug 24 (Reuters) - A takeover of Morrisons by either of its two suitors could "materially weaken" the security of the supermarket's pension schemes if no additional protection were agreed, the trustees said in a letter to the company pub...

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24 Aug 2021 08:35

LIVE MARKETS-T&L and tech stocks lead gains

* European Stoxx 600 up 0.3%Aug 24 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comT&L AND TECH STOCKS LEAD GAINS (0728 GMT)Europ...

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24 Aug 2021 08:09

LIVE MARKETS-The markets are alright

* European Stoxx 600 up 0.3%Aug 24 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comTHE MARKETS ARE ALL RIGHT (0708 GMT)Monetary a...

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24 Aug 2021 08:05

MORNING BID-The markets are alright

A look at the day ahead from Sujata Rao. Monetary accommodation, economic growth and company earnings may all be peaking, Delta cases remains a menace but markets? They are just fine.Whether or not Jerome Powell's Jackson Hole speech this Friday ...

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24 Aug 2021 07:22

LIVE MARKETS-Stocks propped up by full vaccine approval

* European stock futures up 0.2%Aug 24 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comSTOCKS PROPPED UP BY FULL VACCINE APPROVAL...

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23 Aug 2021 18:43

Morrisons shareholder LGIM says new bids closer to true value

Aug 23 (Reuters) - Morrisons shareholder Legal & General said on Monday it believed the true value of the supermarket chain should be realised following the sweetened bid from private equity group CD&R, with more attention now being paid to its p...

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23 Aug 2021 12:23

LONDON MARKET MIDDAY: Stocks rise ahead of virtual Jackson Hole event

LONDON MARKET MIDDAY: Stocks rise ahead of virtual Jackson Hole event

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23 Aug 2021 09:53

UPDATE 2-Sainsbury's shares jump 14% on report of possible bids

(Adds bond investor quote, background, updates share price)By Yadarisa Shabong and Abhinav RamnarayanAug 23 (Reuters) - Sainsbury's shares surged 14% on Monday after a report that private equity firms could launch bids worth more than 7 billion pou...

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23 Aug 2021 09:53

UPDATE 2-Sainsbury's shares jump 14% on report of possible bids

(Adds bond investor quote, background, updates share price)By Yadarisa Shabong and Abhinav RamnarayanAug 23 (Reuters) - Sainsbury's shares surged 14% on Monday after a report that private equity firms could launch bids worth more than 7 billion pou...

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23 Aug 2021 09:53

UPDATE 1-Shares in Sainsbury's jump to seven-year high on report of buyer interest

(Updates shares, adds detail, background)Aug 23 (Reuters) - Shares in Sainsbury's jumped as much as 13% to a more than seven-year high on Monday after a report said private equity firms could launch bids worth more than 7 billion pounds ($9.6 bill...

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23 Aug 2021 09:51

UPDATE 2-European shares end higher on commodity recovery after bruising week

* STOXX 600 index closes 0.7% higher* Sainsbury's top gainer in STOXX 600 on bid talk* Euro zone business activity steady in August* Cembra plunges to bottom of STOXX 600 (Updates to market close)By Sruthi Shankar and Ambar WarrickAug 23 (Reuters) -...

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23 Aug 2021 09:04

Shares in UK chain Sainsbury's jump 11% on report of buyout interest

Aug 23 (Reuters) - Shares in Sainsbury's jumped 11% to a three-year high on Monday after a report over the weekend said private equity firms could launch bids worth more than 7 billion pounds ($9.6 billion) for Britain's second-largest supermarke...

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23 Aug 2021 09:02

LONDON MARKET OPEN: Sainsbury's jumps on private equity takeover talk

LONDON MARKET OPEN: Sainsbury's jumps on private equity takeover talk

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23 Aug 2021 08:18

PRESS: Private equity firms eyeing Sainsbury's takeover - Sunday Times

PRESS: Private equity firms eyeing Sainsbury's takeover - Sunday Times

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