Thursday Papers: Goldman earnings point to faster US recovery

Top stories

  • The times: Goldman Sachs earnings nearly doubled in the third quarter, beating projections and providing evidence that the US economy has recovered faster.
  • The daily telegraph: Rishi Sunak has warned against rushing to another lockdown, calling it a “blunt instrument” with the country facing an “economic emergency”.
  • Financial Times: Deloitte resigned as auditor for EG Group shortly after the owners of the UK gas station company agreed to acquire Asda for £ 6.8 billion due to concerns about governance and internal controls.
  • Financial Times: WeWork is lowering prices to retain its customers and underscoring the challenging conditions that cooperating companies face.
  • Financial Times: Most freely borrowing advanced economies do not need to budget austerity to restore public finances to health after the coronavirus pandemic, the IMF said.
  • The daily telegraph: Boris Johnson will postpone a decision to end the Brexit trade negotiations until after the end of the European Council summit on Friday.

Business and economy

  • The guard: Asos has more than quadrupled profits as the online fashion specialist’s mostly 20-year-old shoppers bought convenient leisure and skin care products during the lockdown.
  • The guard: Barratt, the UK’s largest home builder, announced that its sales rose after the Covid-19 lockdown ended, boosted by the government’s stamp duty leave and purchase aid system
  • The daily telegraph: Shares in NHS IT provider Kainos are up nearly a third after sales and profit forecasts were raised.
  • The times: A strong performance in the distribution of personal protective equipment to companies has brought Bunzl to new highs. The underlying sales were up 8% in the third quarter.
  • The daily telegraph: JPIMedia, the owner of newspapers including The Scot, Yorkshire Post and Sheffield Star, has fallen to a loss of nearly £ 50m in its first results since being bought from management.
  • The times: Chinese stocks are worth more than $ 10 billion for the first time in five years after being brought back to life as Beijing continues to mend the world’s second largest economy.
  • The guard: BP’s share price has fallen to a 25-year low as investors worry about the company’s ambitious transformation plans and clash with fears about the future of the global oil market.
  • Daily mail: Just Eat shares hit record highs as the Covid-19 pandemic spiked demand for takeaways.
  • Daily mail: G4S stepped up its defense against applicants from Canada and the US by stating that despite the coronavirus pandemic, it would post higher profits for 2020.
  • The times: Chrystal Capital Partners, a London-based investment firm, prepares to launch a $ 100 million medical cannabis fund.
  • Financial Times: Publishing group Pearson saw sales decline in the third quarter after a boom in online learning courses failed to offset sharp declines in its textbook and test stores.
  • Daily mail: City regulators have fined Asia Research and Capital Management nearly £ 875,000 for failing to tell the market that they had built a large short position on Premier Oil.
  • The daily telegraph: Solar energy is expected to boom over the next decade as renewables cover most of the surge in global electricity demand, according to the International Energy Agency.
  • Financial Times: KPMG is the second major UK accounting firm to postpone the publication of its latest annual results.
  • The daily telegraph: Ocado lost the right to open a new depot in north London after the local council ruled that a planning proposal was misleading.
  • Financial Times: The Premier League has “unanimously” rejected a controversial proposal to shake up English football and offered a £ 50m package to support clubs in two lower divisions.

Share tips, comments, and bids

  • The Times (Tempus Share Tips): HOLD London Stock Exchange Group; Buy stocks of spirits.
  • Daily mail: Hipgnosis bought legendary producer LA Reid’s catalog on a £ 1 billion buying frenzy.
  • Daily mail: Audioboom, a podcasting group backed by real estate tycoon Nick Candy, has given up attempts to find a buyer after failing to receive a good deal.
  • The guard: Gourmet Burger Kitchen was taken out of management by food industry tycoon Ranjit Singh Boparan to save more than 660 jobs.
  • The daily telegraph: Marshall Wace, one of the UK’s most powerful hedge funds, has made a significant stake in the owner of British Airways as the airline prepares for a turbulent winter.
  • The times (comment): Johnson’s wind power promise has to be more than just hot air.
  • Financial Times (comment): Covid-19 is a chance to end the aviation aid series.

Thursday Papers: Goldman earnings point to faster US recovery

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