Tuesday Papers: Truckers Raise Rates If Brexit Bites

Top stories

  • The daily telegraph: Telegraph: Foreign truckers bringing cargo to the UK have increased their prices by nearly 700% due to the impact of new customs controls and fears of being stranded in the UK.
  • Financial Times: House Democrats launched impeachment proceedings against Donald Trump for the second time on Monday after a mob of supporters attacked the U.S. Capitol last week.
  • The times: The Financial Conduct Authority has warned digital currency investors that they should be ready to lose it all as Bitcoin price fell as much as 25% yesterday.
  • Financial Times: Chancellor Angela Merkel has sharply criticized Twitter’s decision to ban US President Donald Trump and described it as a “problematic” violation of the “fundamental right to freedom of expression”.
  • Financial Times: Dr. Martens, the classic British shoe brand, plans to list on the London Stock Exchange in what would be one of the first major IPOs in 2021.

Business and economy

  • The guard: Rishi Sunak has warned that the UK’s economic performance will deteriorate before the coronavirus vaccine helps improve prospects for jobs and growth.
  • Daily mail: Deliveroo expands again as the latest coronavirus lockdown turbochargers increase demand for takeaway delivery.
  • The times: JD Sports Fashion has predicted that its annual profit will beat projections after defying the darkness on Main Street.
  • The times: A second consecutive quarter of revenue growth has fueled Jaguar Land Rover’s recovery from lockdowns in the depths of the pandemic last year.
  • Financial Times: BioNTech and Pfizer plan to deliver another 500 million doses of their Covid-19 vaccine this year thanks to a new factory in Germany and adapted European guidelines.
  • The times: Smith & Nephew announced yesterday that underlying sales were likely to be 7% year-over-year for the fourth quarter.
  • The times: Twitter lost up to an eighth of its value yesterday as Wall Street weighed the cost of its decision to close President Trump’s account.
  • The times: EasyJet has secured a government-backed £ 1.4 billion credit facility to help support its finances amid the ongoing slump in air traffic.
  • The times: British Land has raised less than half of the quarterly rent retailers owed last month as pandemic restrictions continue to weigh heavily on commercial landlords.
  • Financial Times: Former managing director of Credit Suisse, Tidjane Thiam, is procuring a special acquisition tool worth US $ 250 million to invest in financial services companies in developed and developing countries.
  • The guard: Royal Mail has appointed Simon Thompson, former Ocado manager, as its new boss and has made him responsible for a major overhaul of the postal business.
  • The times: Mike Evans retires as Chairman of M&G to recover from a stress-related illness.
  • The daily telegraph: Moody’s made Italy and Spain very vulnerable to another shock in investor confidence with a credit boost in Covid when it triggered the alarm about the rising mountains of debt in the euro zone.

Share tips, comments, and bids

  • The Times (Tempus Share Tips): Avoid Investing in Caledonia; BUY Renewi.
  • The guard: Marks & Spencer bought the fashion brand Jaeger from administrators, excluding the 63 remaining stores of the retailers.
  • Daily mail: MGM’s hopes of hitting a deal for Ladbrokes owner Entain got a step closer after Shay Segev resigned as head of the UK gambling company.
  • The times: Sanofi, the French pharmaceutical company, has agreed to acquire Kymab for an upfront payment of approximately $ 1.1 billion, which could increase by an additional $ 350 million depending on future milestones.
  • The daily telegraph: Retail tycoon Philip Day has signed a deal with Middle Eastern investors to save the Edinburgh Woolen Mill, Ponden Home and Bonmarche brands from collapse and protect up to 2,500 jobs and 300 stores.
  • The times: Global Infrastructure Partners, the previous owner of Gatwick Airport, jumped to the top of the line in the race to buy Signature Aviation. The private jets group recommends a new bid of £ 3.4bn.
  • The times: Quadreal Property Group, investing on behalf of British Columbia Investment Management Corporation, has delivered a vote of confidence in the UK city center rental market by investing approximately £ 750 million in a portfolio of eight developments.
  • Financial Times: The US office supply chain Staples has offered to buy the owner of Office Depot for USD 2.1 billion. This is a third step in acquiring its smaller rival.
  • Financial Times: KKR has joined a feeding frenzy for lucrative song rights after agreeing to acquire a majority stake in songwriter Ryan Tedder’s catalog.
  • The Daily Telegraph (Commentary): Can oil prices continue to rise in 2021?

Tuesday Papers: Truckers Raise Rates If Brexit Bites

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