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Daily Archives: October 7, 2020

G4S blasts Garda over ‘misleading’ pension claims

Security firm G4S fought back against GardaWorld yesterday, blasting ‘misleading’ pension claims. Garda, which has mounted a hostile bid for G4S, began talks with shareholders on Monday, arguing they should be ‘seriously concerned’ by the pension deficit and ‘mistakes’ that have driven the share price down. Yesterday, G4S hit back …

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Glaxo accused of turning blind eye to racism

British drug maker Glaxosmithkline was last night accused of turning ‘a blind eye to racism’ in a row over a party held for a board member. Urs Rohner, chairman of Credit Suisse, who has been a non-executive director at Glaxo since 2015, faces questions over his 60th birthday party last …

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Tesco hikes dividend amid online shopping boom

Tesco has raised its dividend as a pandemic-fuelled surge in online grocery shopping boosted profits. Britain’s biggest supermarket will fork out a £313million interim payout to shareholders, worth 3.2p per share, as new chief executive Ken Murphy hailed last week as the ‘biggest in our history for home delivery’. In …

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ALEX BRUMMER: Rolls-Royce gets a state lifeline

Hitachi’s abandonment of nuclear investment at Wylfa in Anglesey together with Foreign Secretary Dominic Raab’s harder line on human rights in China may do Britain’s struggling engineering warrior Rolls-Royce a favour. For the last several years, the group’s researchers have been championing British-designed and manufactured small modular reactors (SMRs) to …

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MARKET REPORT: Cineworld shares fall as Chinese tycoon hovers

The plot has thickened at Cineworld after a secretive Chinese millionaire hiked his stake in the cinema chain. Liu Zaiwang made his fortune in construction business in the 1990s during the country’s building boom.  But his interest in Cineworld since the Covid crisis triggered a catastrophic drop in its share …

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Fix testing fiasco to put us back in air, says Virgin Atlantic boss 

The boss of Virgin Atlantic is ramping up calls for mass Covid testing to be introduced to help revive the aviation industry and the economy. Describing the past six months as ‘devastating and humbling’, Shai Weiss warned of an extended recession and soaring unemployment without a fully functioning test regime. …

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£2bn aid plan to build 16 mini nuclear power stations by 2050 

Up to £2billion could be put into a project to design and build mini-nuclear power stations. Ministers are considering the huge injection of funds as the UK’s nuclear industry reels from crippling setbacks that could leave a gaping hole in the electricity supply. The project to build 16 sites by …

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Fed minutes leave room for manoeuvre on interest rate policy

Federal Reserve officials offered few additional clues to investors on the implementation of the central bank’s new monetary policy guidance, saying it was not an “unconditional commitment” to keeping interest rates low regardless of economic conditions. At last month’s FOMC meeting, the US central bank said it would not increase interest …

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World Economic Forum drops Davos for 2021 meeting

The next Davos will not be in Davos.  The World Economic Forum, whose base in the Swiss Alpine ski resort has become shorthand for its annual meetings each January, had already told the executives, environmentalists and world leaders who usually attend that Covid-19 had forced it to push back its …

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