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Sunday newspaper round-up: BT Group, Big Lenders, Travel firms

Sun, 02nd Aug 2020 18:23

(Sharecast News) - Could a French telecoms billionaire be circling BT's Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi has set his sights on the division that maintains Britain's telephone lines and internet cables. Drahi, a powerful dealmaker, now resides in Switzerland but made his fortune in France building telecoms groups Altice. The rumour claims that one of the Altice companies Drahi controls - perhaps Altice USA - has secured financial backing from heavyweight bankers at JP Morgan with a view to paying £20billion for the unit. - Mail on Sunday



The big lenders' share prices are crumbling and now value them at less than the loans and other assets on their balance sheets. Not only are the returns of the big UK-facing players - NatWest Group (the new name for state-backed Royal Bank of Scotland), Lloyds and Barclays - squeezed by record low interest rates, but the toll on jobs from Covid-19 suggest a glut of consumers and companies will struggle to repay mortgages, car loans and corporate borrowing. - Sunday Times

Travel firms are offering to hand dividends to the Exchequer in return for an extension of the Government's furlough scheme until the end of the year. With hopes of a recovery this year snuffed out by the re-introduction of travel quarantines, the business travel industry will this week urge ministers to consider a "parachute package" to rescue companies from ruin. The radical proposals, put forward by the Business Travel Association, are intended to be self-funding and designed to not leave taxpayers out of pocket. - Sunday Telegraph

Shopping centre giant Hammerson is preparing to launch a huge cash call to boost its chances of pulling through the pandemic. The owner of the Bullring centre in Birmingham is drawing up plans for a rights issue that it hopes will raise hundreds of millions of pounds. The fundraising could be announced alongside Hammerson's interim results on Thursday. - Sunday Times

BP is being widely tipped to slash its £6.7billion dividend this week. The FTSE 100-listed oil giant, which is run by Bernard Looney, is scheduled to unveil half-year figures on Tuesday. City analysts said BP could cut or shelve its payout alongside the figures, which have been forecast to show a $6.8billion (£5.2billion) loss in the second quarter of this year. - Mail on Sunday

The government may have to consider closing pubs in England to control the transmission of the coronavirus and to enable schools to reopen after the summer holidays, one of its top scientific advisers has said. Prof Graham Medley, who chairs the Scientific Advisory Group for Emergencies (Sage) sub-group on pandemic modelling, said reopening schools was a priority for the wellbeing of children and that some other activities might have to stop to control the infection rate. - Guardian

One of Britain's biggest wind power developers has called on the government to scrap the limit on its next offshore wind subsidy auction to help power a green economic recovery, claiming it will not lead to a rise in energy bills. Scottish Power has urged government officials to open up next year's offshore wind subsidy auction to as many new projects as possible in order to deliver a "huge wave" of investment and jobs following the pandemic. - Guardian

British Airways expects the £183m fine for breaching data rules to be written down by almost 90pc. The Information Commissioner's Office (ICO) signaled its intention to fine the airline in July last year after hundreds of thousands of customers' financial and personal details were stolen during a cyber attack in 2018. The ICO said the airline was compromised by "poor security arrangements" when it unveiled the penalty - one of the first of its kind following the introduction of the GDPR rules. - The Sunday Telegraph

The Bank of England could launch a further stimulus package worth as much as £100billion before it cuts rates to below zero, economists are forecasting. Economists say interest rates are likely to remain at 0.1 per cent when the Bank meets this week. But data firm Bloomberg said the money markets are already beginning to price in a cut to negative in the second quarter next year. And one expert has even raised the possibility of the Bank at some point introducing restrictions on the use of cash. - Mail on Sunday

Xinjiang, the homeland of the Uighurs in western China, is largely cut off from outside eyes, but there is growing evidence that dark events within its closed territory overshadow the British high street. On Friday, America imposed sweeping sanctions on a Chinese paramilitary and business organisation that runs mass "re-education" camps for ethnic Uighur Muslims and dominates the vast cotton and textile export trade in the repressive province. - Sunday Times

A battle for control at a major Russian gold miner is coming to a head with a crunch shareholder vote due on Monday next week. Chief executive Pavel Maslovskiy and other directors were booted off the board of Petropavlovsk in June as part of what opponents claim is an attempt by largest shareholder and rival UGC and others to gain control of the FTSE 250 company on the cheap. - Sunday Telegraph
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12 Oct 2022 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 13 October 
easyJet PLCTrading Statement
Entain PLCTrading Statement
Hays PLCTrading Statement
Sabre Insurance Group PLCTrading Statement
Norcros PLCTrading Statement
Friday 14 October 
Chrysalis Investments LtdTrading Statement
Jupiter Fund Management PLCTrading Statement
Mondi PLCTrading Statement
Monday 17 October 
Alphawave IP Group PLCTrading Statement
Audioboom Group PLCTrading Statement
City Of London Investment Trust PLCQ1 Results
EnSilica PLCFull Year Results
Rio Tinto PLCQ3 Results
Seraphim Space Investment Trust PLCFull Year Results
Tuesday 18 October 
888 Holdings PLCTrading Statement
Arbuthnot Banking Group PLCTrading Statement
Bellway PLCFull Year Results
BP Marsh & Partners PLCHalf Year Results
essensys PLCFull Year Results
FD Technologies PLCHalf Year Results
Integrafin Holdings PLCTrading Statement
Quilter PLCTrading Statement
Revolution Bars Group PLCFull Year Results
Sosandar PLCTrading Statement
Wise PLCTrading Statement
Wednesday 19 October 
Antofagasta PLCQ3 Results
ASOS PLCFull Year Results
Just Eat Takeaway.com NVTrading Statement
Liontrust Asset Management PLCTrading Statement
Man Group PLCTrading Statement
Petropavlovsk PLCTrading Statement
Spectris PLCQ3 Results
Quilter PLCTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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31 Aug 2022 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 1 September 
Camellia PLCHalf Year Results
Eurocell PLCHalf year Results
Gem Diamonds LtdHalf Year Results
Johnson Service Group PLCInterim Results
Kainos Group PLCTrading Statement
Omega Diagnostics Group PLCFull Year Results
PPHE Hotel Group PLCHalf Year Results
Sportech PLCHalf Year Results
Wentworth Resources PLCHalf Year Results
Friday 2 September 
Ashmore Group PLCFull Year Results
Monday 5 September 
Belvoir Group PLCHalf Year Results
Dechra Pharmaceuticals PLCFull Year Results
Tuesday 6 September 
Accrol Group Holdings PLCFull Year Results
Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Capricorn Energy PLCHalf Year Results
Gamma Communications PLCHalf Year Results
Headlam Group PLCHalf Year Results
Inspired PLCHalf Year Results
IQE PLCHalf Year Results
Lords Group Trading PLCHalf Year Results
Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
Midwich Group PLCHalf Year Results
NCC Group PLCFull Year Results
PCI-PAL PLCFull Year Results
Pebble Group PLCHalf Year Results
Quixant PLCHalf Year Results
STV Group PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
WANdisco PLCHalf Year Results
Wednesday 7 September 
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Equals Group PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Petropavlovsk PLCHalf Year Results
Somero Enterprises IncHalf Year Results
Tissue Regenix Group PLCHalf Year Results
WH Smith PLCTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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4 Aug 2022 19:34

IN BRIEF: Petropavlovsk agrees to sale of Russian subsidiaries

Petropavlovsk PLC - Russian gold miner - Alongside administrators, agrees to sell its subsidiaries in Russia to UMMC-Invest JSC.

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18 Jul 2022 19:25

IN BRIEF: Petropavlovsk in administration after court order

Petropavlovsk PLC - Russian gold miner - Court appoints Allister Manson, Trevor Binyon and Jo Rolls of Opus Restructuring as administrators of the company, with immediate effect. Board no longer has decision-making powers, with the day-to-day running of the company now in the hands of the administrators. Also Petropavlovsk 2010 Ltd's application for cancellation of USD125 million 8.25% guranteed convertible bonds due 2024 becomes unconditional.

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13 Jul 2022 16:09

UK earnings, trading statements calendar - next 7 days

Thursday 14 July 
Ashmore Group PLCTrading Statement
Barratt Developments PLCTrading Statement
Brooks Macdonald Group PLCTrading Statement
Experian PLCQ1 Results
Galliford Try Holdings PLCTrading Statement
Hays PLCTrading Statement
Renewi PLCQ1 Results
Rio Tinto PLCQ2 Production Results (at 2330 AEST)
Severn Trent PLCQ1 Results
Taylor Maritime Investments LtdFull Year Results
Tclarke PLCHalf Year Results
Friday 15 July 
Burberry Group PLCQ1 Results
Premier Miton Group PLCQ3 Results
Monday 18 July 
Audioboom Group PLCHalf Year Results
CentralNic Group PLCTrading Statement
Tristel PLCTrading Statement
Tuesday 19 July 
Arbuthnot Banking Group PLCHalf Year Results
Begbies Traynor Group PLCFull Year Results
BHP Group LtdTrading Statement
City of London Investment Group PLCTrading Statement
Herald Investment Trust PLCHalf Year Results
In The Style Group PLCFull Year Results
IntegraFin Holdings PLCQ3 Results
Kier Group PLCTrading Statement
Luceco PLCTrading Statement
Midwich Group PLCTrading Statement
Photo-Me International PLCHalf Year Results
TPXimpact Holdings PLCFull Year Results
Wise PLCTrading Statement
Wednesday 20 July 
Abcam PLCTrading Statement
Alliance Pharma PLCTrading Statement
Antofagasta PLCQ2 Production Results
Centamin PLCQ2 Production Results
Centaur Media PLCHalf Year Results
Costain Group PLCTrading Statement
PayPoint PLCQ1 Results
Petropavlovsk PLCTrading Statement
Pharos Energy PLCTrading Statement
Premier Foods PLCQ1 Results
Royal Mail PLCQ1 Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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12 Jul 2022 11:56

Rouble firms past 59 to dollar, euro; Petropavlovsk shares slide

MOSCOW, July 12 (Reuters) - The rouble strengthened past 59 against both the dollar and the euro in volatile trade on Tuesday, supported by a strong Russian current account surplus, while stock indexes slipped.

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12 Jul 2022 10:28

Petropavlovsk files for administration

(Sharecast News) - Shares in Petropavlovsk were suspended on Tuesday after the indebted gold miner went into administration.

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12 Jul 2022 09:08

Rouble nears 59 to dollar, euro; Petropavlovsk shares slide

MOSCOW, July 12 (Reuters) - The rouble hovered near 59 against both the dollar and the euro in volatile trade on Tuesday, supported by a strong Russian current account surplus, while stock indexes slipped.

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12 Jul 2022 08:32

Russian gold miner Petropavlovsk to file for administration

(Alliance News) - Petropavlovsk PLC shares on Tuesday were suspended from trading in London as it unveiled plans to file for administration.

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11 Jul 2022 11:46

IN BRIEF: Petropavlovsk says recent sums due under Russia bonds unpaid

Petropavlovsk PLC - London-based gold producer - Says a sum of USD157,880 and a coupon payment of around USD680,625 became due on June 27 and July 3, respectively, in relation to its USD125 million 8.25% guaranteed convertible bonds due 2024. Roughly USD33 million of the bonds are still outstanding in total. Updates its events of default notice from April 29 to include these sums.

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1 Jul 2022 20:05

TRADING UPDATES: Capital wins contracts; 4D pharma pauses enrolment

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News:

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27 Jun 2022 19:16

IN BRIEF: Petropavlovsk's Moscow listing re-classified to level 3

Petropavlovsk PLC - Russian gold producer - Says listing on Moscow Exchange will be re-classified to level 3 from level 1 starting Tuesday. "It is usual practice for MoEx shares listed by a non-domestic issuer to be assigned to one of three different levels, with companies included as part of level 3 considered as satisfying only basic listing requirements," it says. This means only qualified retail investors will be allowed to buy its shares on Moscow Exchange, while pension funds will be "forbidden" from buying the stock.

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7 Jun 2022 13:27

Petropavlovsk tumbles as it struggles to find way forward

(Sharecast News) - Russia-focussed gold miner Petropavlovsk was tumbling on Tuesday, after it announced that, as a result of its financial situation, it had been unable to complete the audit of its annual report and accounts for 2021.

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7 Jun 2022 13:16

TOP NEWS: Debt-saddled Petropavlovsk warns on future amid Russia woes

(Alliance News) - Petropavlovsk PLC shares tanked on Tuesday after the beleaguered Russian gold miner cautioned it will be unable to pay a key term loan and said it has missed the most recent coupon payment for a guaranteed notes issue.

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16 May 2022 13:26

Petropavlosk unable to pay coupon on $500m bond

(Sharecast News) - Petropavlovsk shares tumbled on Monday after the gold miner said it was unable to pay the coupon due on 14 May of around $12.36m in respect of a $500m bond issued in 2016.

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