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Sunday newspaper round-up: Vaccine supplies, Debenhams, The Queen

Sun, 31st Jan 2021 21:49

(Sharecast News) - The UK could help the EU and other nations with coronavirus vaccine supplies even before the domestic vaccination programme has been completed, the international trade secretary, Liz Truss, has said. As ministers sought to smooth relations with Brussels after the EU's much-criticised and swiftly rescinded decision to impose a vaccine border between Northern Ireland and the Republic of Ireland, Truss sought to stress the need for international cooperation. - Guardian
A City dealmaker who once worked for Boris Johnson has held talks over an audacious rescue of the stricken Debenhams department store staff pension fund, we can reveal. In a move that could trigger a wave of similar salvage deals, Edi Truell's Pension Superfund has held detailed discussions with the Debenhams administrator and The Pensions Regulator about a plan to snap up the £1billion scheme. - Financial Mail on Sunday

The Queen will lead a post-Brexit charm offensive by hosting Joe Biden and other world leaders at Buckingham Palace before the G7 summit in Cornwall in June. She will be joined at the "soft power" reception in June by the Prince of Wales, the Duchess of Cornwall and the Duke and Duchess of Cambridge under plans being drawn up by royal and government officials to cement the "special relationship" between the UK and America. - Sunday Times

Financier Rich Ricci has turned to Tory grandee Sir Nicholas Soames to help him revive one of Britain's oldest stockbrokers. Mr Ricci told The Daily Telegraph that he has hired Sir Nicholas, a former Conservative minister and Winston Churchill's grandson, to advise Panmure Gordon and help it win more clients after he became chief executive of the loss-making business last year. Bob Diamond took over Panmure in 2017 and parachuted in Mr Ricci, who was his key lieutenant at the bank, last year to turnaround the company. Its losses rose to £27.4m in 2019, according to its latest set of accounts. - Sunday Telegraph

The film financing company behind the BBC's Small Axe series will give investors the chance to tune into the streaming boom by floating a £200 million trust. Great Point Media, based in London and chaired by Robert Halmi, the founder of the Hallmark TV channel in the US, is to list a trust that will finance films and shows on streaming platforms such as Netflix and terrestrial TV. It will be the first time City investors have been able to cash in on streaming, which has boomed in lockdown. - Sunday Times

Downing Street is studying a scathing report that blames British diplomacy in Washington under Sir Kim Darroch for the failure to achieve the prime minister's long-promised US trade deal. Despite enthusiasm from the British government, trade negotiations with the Biden administration have hit a wall and US officials have poured cold water on the chances of a deal any time soon. - Sunday Times
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25 Mar 2014 15:21

Panmure Gordon returns to profits after seven years

Liverpool-headquartered stock broker and investment bank Panmure Gordon almost doubled its pre-tax profits last year as it continued its turnaround and made its first statutory profit since 2007. As net commission and fee income increased 29% to £27.32m as its client list grew from 96 to 130, profi

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25 Mar 2014 11:10

Panmure Gordon Profit Doubles In 2013, Plans Share Capital Reduction

LONDON (Alliance News) - Panmure Gordon & Co PLC Tuesday reported a near doubling in annual pretax profit as net commission and fee income soared on increasing client numbers and the institutional stockbroker and investment bank's turnaround strategy. Panmure Gordon reported a GBP1.2 millio

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25 Mar 2014 10:14

UPDATE 2-Investment bank Panmure Gordon profit nearly doubles

* Full-year pretax profit from cont. ops. up 95 pct to 1.17 mln stg * Full-year net commission and fee income up 29 pct to 27.32 mln stg * Raised more than 1.46 bln pounds through 11 IPOs and 20 fundraisings * Tech IPOs seeing high momentum - CEO * Investors looking keenly

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25 Mar 2014 08:40

UK MORNING BRIEFING: Kingfisher Gains, Looks For China Partner

LONDON (Alliance News) - UK shares have ignored a weak Asian session to open higher Tuesday.

Europe's largest home improvement retailer Kingfisher gave a lift to the market, reporting an increase in profits and revenues for its recent financial year, despite continu

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25 Mar 2014 07:01

Panmure Gordon profit nearly doubles

March 25 (Reuters) - Investment bank Panmure Gordon & Co Plc's full-year profit nearly doubled, as it signed new clients and got a boost from the pick-up in British IPO activity in the second half. The 138-year-old stockbroker said net commission and fee income - an important metric for inv

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20 Nov 2013 17:58

UPDATE 3-Royal Mail bankers reject claims sale price was too low

* Goldman Sachs, UBS questioned by lawmakers * Royal Mail shares up as much as 80 pct since sale * Advisors had considered raising offer price range By Neil Maidment and Kylie MacLellan LONDON, Nov 20 (Reuters) - Goldman Sachs and UBS bankers said Britain could not have s

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20 Nov 2013 10:50

Royal Mail could not have floated at current market price -adviser

LONDON, Nov 20 (Reuters) - One of the lead banks on the float of Britain's Royal Mail said the government could not have sold its stake in the postal firm at the price the shares are trading at now. On Wednesday bankers, including from UBS and Goldman Sachs which managed the initial public

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20 Nov 2013 09:47

Royal Mail float adviser UBS says 'sell' postal firm's shares

LONDON, Nov 20 (Reuters) - UBS, one of the banks which advised the British government on the sale of Royal Mail , on Wednesday placed a sell recommendation on its shares saying investors were too optimistic about future margins. Royal Mail's share price has rocketed by as much as 80 percent

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