- The times: A coronavirus vaccine may be available this year, Oxford University researchers said yesterday after a clinical trial at the milestone had shown encouraging results.
- Financial Times: Alibaba’s Ant Group payment arm, which was last valued at $ 150 billion, has announced its long-awaited public offering with a double listing in Shanghai and Hong Kong.
- The daily telegraph: The Royal Bank of Scotland has told more than 50,000 employees that they will be working from home by next year.
- Financial Times: Chevron has agreed to buy Noble Energy for $ 13 billion to trigger a series of deals triggered by the oil price crash.
- Financial Times: Chinese theaters have stated that restrictions to prevent Covid-19 from spreading mean that if the industry reopens after six months of closure, it will fight for survival if it survives.
Business and economy
- The guard: The average household in the UK had a 4.5% drop in income in May compared to the onset of the coronavirus outbreak, the Resolution Foundation’s think tank said. This was the greatest financial damage since the oil crisis in the mid-1970s.
- The times: According to the Bank of England chief economist, the economy has made up half of the production lost during the ban.
- Financial Times: The strong trade with very wealthy customers helped Julius Baer to record profits in the first half of the year.
- The times: The corona virus pandemic further fueled IBM’s move from its traditional computer products to the cloud, with a 5.4% decrease in sales to $ 18.1 billion in the second quarter.
- Daily mail: Hermes creates 10,500 jobs, while blocked British people turn to online shopping.
- The guard: Marks & Spencer will cut 950 jobs at its headquarters and branches.
- The times: Halliburton Oil Service Provider’s losses worsened to $ 1.7 billion in the second quarter after crude oil prices plummeted.
- Daily mail: Loan company Amigo Loans posted a loss of £ 27.2m due to high complaint costs, although its customer base grew by 21,000.
- The times: More than 3,000 AO World employees could queue for a bumper payday after the online retailer proposed a new incentive system.
- The daily telegraph: Gold price could rise above $ 2,000 an ounce for the first time this year on a flight to safety as markets are affected by the effects of Covid-19.
- The daily telegraph: The White House has punished 11 Chinese companies, including suppliers of Apple, Google, HP and Microsoft, for allegedly violating the rights of ethnic Muslim Uighurs in China.
- The daily telegraph: Lloyds Banking Group has argued with an independent review of the HBOS Reading scandal by refusing to pay the legal costs of a company that has been asked to prove the investigation.
- The times: Trade unions are seeking urgent talks with Tata Steel following proposals from the Indian group and government to shut down the blast furnaces in Port Talbot.
Share tips, comments, and bids
- The times (tense sharing tips): HOLD BAE Systems; STOP Petropavlovsk.
- Financial Times: Walmart has revived talks about selling a stake in its British supermarket chain Asda after the process was interrupted at the peak of the coronavirus disorder in April.
- The guard: British pharmaceutical company GlaxoSmithKline has acquired a 10% stake in a German biotech company, CureVac, which plays a key role in the global race for a coronavirus vaccine.
- The daily telegraph: The activist investor Gatemore has acquired a 3% stake in Superdry after the fashion chain’s share price collapsed.
- Financial Times: Ebay is about to sign a $ 9 billion agreement to combine its classifieds business with Norwegian company Adevinta to gain a significant stake in the European group.
- The times (comment): The recovery works only if the most difficult to help are not left behind.
Tuesday Papers: Oxford is targeting a coronavirus vaccine this year