Wednesday papers: Britain on alert

Top stories

  • The times: Britain faces tightening lockdown measures amid rising coronavirus infection rates, overshadowing Boris Johnson’s attempt yesterday to focus on life after the pandemic.
  • Financial Times: Boeing has lowered its expectations for global demand for passenger aircraft by 11% over the next decade, meaning the industry lost an estimated $ 200 billion in potential revenue.
  • The times: Stocks hit Wall Street late in trading after President Trump cut off negotiations with Democrats on further fiscal stimulus measures until after next month’s elections.
  • Financial Times: Chrysaor has entered into a deal to acquire Premier Oil that will make the combined company the largest independent oil and gas company listed on the London Stock Exchange.
  • The daily telegraph: A study by US politicians has shown that the world’s largest technology companies are not allowed to compete with competing companies on their own platforms and may even have to be liquidated.

Business and economy

  • The times: European Central Bank President Christine Lagarde said rate cuts in combating the economic effects of Covid-19 will not be as effective as flooding the system with cheap liquidity.
  • The daily telegraph: UK builders had their best month since Covid-19 in September after the number of projects delayed by the pandemic rose.
  • The times: Gross lending between April and June this year was 50% above the total for 2019 as a whole, new figures show.
  • The guard: Watches of Switzerland, the UK’s largest seller of Rolex and Omega watches, has raised its earnings forecast and opposed the economic upheaval caused by coronavirus.
  • The daily telegraph: Wagamama owner The Restaurant Group has welcomed a resurgence in sales in its suburban pubs and restaurants after the coronavirus pandemic shot up losses for half a year.
  • The times: A huge surge in online sales and demand for cooking appliances, storage and home office furniture helped cushion Ikea, despite three-quarters of stores closing during the pandemic.
  • Daily mail: Jaguar Land Rover has confirmed that vehicle production at its UK plants has ramped up due to increasing orders around the world.
  • The times: Tesco is expected to complete the overhaul of its top executive team today by raiding Tate & Lyle to recruit its new chief financial officer.
  • Daily mail: The credit union was caught in fresh turmoil yesterday after losing its fifth chairman in less than a decade.
  • The guard: The National Audit Office has warned that taxpayers will lose up to £ 26 billion on the government’s most popular Covid-19 business loan program due to fraud or an inability to return the money.
  • The times: Dozens of stores to be closed by Clarks under a more than £ 100m bailout deal.
  • The guard: Heathrow will challenge an appeals court ruling that halted the airport’s expansion plans, arguing in the Supreme Court that it is required to meet UK carbon reduction targets.
  • The times: Ocado has lost more than £ 2 billion in market value since a Norwegian rival took legal action claiming the UK company copied its technology and infringed patents.
  • Financial Times: Investors and environmentalists have beaten up Samsung after research showed its insurance units have funded $ 14 billion in fossil fuel projects and investments over the past 10 years.
  • The daily telegraph: According to forecasters from Danske Bank, Sweden will outperform its Nordic neighbors and escape the expected depths of recession in the euro zone and the US.

Share tips, comments, and bids

  • The Times (Tempus Share Tips): TAKE PROFITS FROM Ocado; BUY Renewable Infrastructure Group.
  • Daily mail: Security firm Garda World, backed by private equity giant BC Partners and making a hostile takeover bid for UK rival G4S, reiterated its attack on the board when it began its charm offensive with shareholders.
  • The daily telegraph: Finablr, the former owner of Travelex, hit by the scandal, is being sold to Israel-based Prism Advance Solutions in what has been known as the “first major UAE-Israel deal”
  • The times: Auditors at Seedrs, the equity crowdfunding platform that is planning to merge with Crowdcube, have identified “material uncertainties” about the company’s going concern status.
  • Financial Times: Swedish company Telia sold the world’s largest international telecommunications company to local pension funds for almost EUR 1 billion as divestments in industry continue to grow in Europe.
  • The times (comment): The Chancellor may be popular now, but his reputation will be based on Jobs.

Wednesday papers: Britain on alert

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