05 July

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Factbox-England ends lockdown: No facemasks, no distancing, no WFH order By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson set out plans on Monday for the final step in easing England's COVID-19 lockdown, including the removal of laws governing social distancing and face coverings, and an end to official advice to work from home. Johnson said he expected the lifting of restrictions to go ahead on July 19. He said a final decision would be announced on July 12. Some elements, including education and travel policy, will be announced later this week. Here's the plan: FACEMASKS - Regulations mandating facemasks will be lifted. The government will...

05 July

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Strong business activity lifts European shares; London mid-caps at record high By Reuters

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By Sagarika Jaisinghani and Susan Mathew (Reuters) - Upbeat eurozone business activity saw European shares reverse session losses on Monday, leaving them just about half a percent away from all-time peaks, while a nearly 12% surge in Morrisons sent London mid-caps to record highs. Extending gains to a third straight session, the pan-European STOXX 600 rose 0.3%. Euro zone businesses expanded activity at the fastest rate in 15 years in June as the easing of more coronavirus restrictions powered the bloc's dominant service industry, PMIs showed. The surge came at the cost of...

05 July

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UK watchdog confirms cold-calling ban, other rules for funeral plan providers By Reuters

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(Reuters) - Britain's financial watchdog on Monday confirmed rules funeral plan providers should follow from next July, including a ban on cold calling, as it aims to raise industry standards to ensure plans provide better value to customers. The Financial Conduct Authority said the providers must start planning for the new regulatory regime or prepare to leave the market in an orderly manner. ...

05 July

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Didi says had no knowledge of cyberspace investigation before IPO By Reuters

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HONG KONG (Reuters) - Didi Global Inc says it had no knowledge before its $4.4 billion New York listing last week that China's cyberspace administration would start to investigate the company and order its app be taken down over its handling of customer data, according to a statement. "Prior to the IPO, Didi had no knowledge of the CAC's decisions, announced on July 2 and July 4, 2021, with respect to the cybersecurity review and suspension of new user registrations in China, and the removal of the Didi Chuxing app from the app stores in...

05 July

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Australia’s Ramsay Health Care sweetens offer for UK’s Spire to $1.4 billion By Reuters

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(Reuters) - Australia's Ramsay Health Care (ASX:RHC) has raised its offer to buy British peer Spire Healthcare (LON:SPI) to about 1.04 billion pounds ($1.44 billion), the companies said on Monday, after reports of some investor resistance to a previously agreed deal. Ramsay said its latest offer of 250 pence per share for Spire would be its final, unless another party made a bid for the London-listed company. The two hospital operators had agreed in May to a 240 pence per share proposal. The latest offer is a premium of about 30% to Spire's share price the...

05 July

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Facebook, Google, Twitter say could quit Hong Kong over proposed data laws- WSJ By Reuters

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(Reuters) - U.S. tech giants Facebook Inc (NASDAQ:FB), Alphabet (NASDAQ:GOOGL) Inc's Google and Twitter Inc (NYSE:TWTR) have privately warned the Hong Kong government that they could stop offering their services in the city if authorities proceed with planned changes to data-protection laws, the Wall Street Journal reported on Monday, citing a letter. The laws could make the tech companies liable for the malicious sharing of individuals' information online, the newspaper added. A letter sent by an industry group that includes the internet firms said companies are concerned that the planned rules...

05 July

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Swedish Social Democrat Lofven is asked to return as PM By Reuters

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By Johan Ahlander and Niklas Pollard STOCKHOLM (Reuters) - Social Democrat Stefan Lofven will try to win a new term as Sweden's prime minister in a parliamentary vote on Wednesday after the assembly's speaker asked him to return to the post he quit last month. The outcome of Wednesday's vote of confidence is far from certain, and parties whose support he may need are making conflicting demands of Lofven as he seeks their backing. Lofven's centre-left minority government collapsed last month after the Left Party withdrew its support over plans to ease some rent controls on...

05 July

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Fortress offer for Morrisons is “good value” -investor abrdn CEO By Reuters

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LONDON (Reuters) - The $8.7 billion takeover offer for supermarket chain Morrisons led by Fortress Investment Group is "good value", the chief executive of Morrisons investor abrdn said on Monday. "I think the Morrisons deal is good value, I think it's a smart thing to do," abrdn CEO Stephen Bird told Reuters. On Saturday Morrisons said the board, led by Chairman Andrew Higginson, had recommended a takeover led by SoftBank owned Fortress Investment Group that valued the firm at 6.3 billion pounds ($8.7 billion). Abrdn, formerly Standard Life (LON:ABDN) Aberdeen, is a number...

05 July

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India shares higher at close of trade; Nifty 50 up 0.71% By Investing.com

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Investing.com – India equities were higher at the close on Monday, as gains in the Real Estate, Metals and Banking sectors propelled shares higher. At the close in NSE, the Nifty 50 rose 0.71%, while the BSE Sensex 30 index added 0.75%. The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 3.80% or 14.30 points to trade at 390.35 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) added 2.36% or 2.80 points to end at 121.25 and State Bank Of India (NS:SBI) was up...

05 July

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Factbox-The $9 billion battle for Britain’s Morrisons By Reuters

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By James Davey LONDON (Reuters) - An $8.7 billion bid battle for Britain's Morrisons heated up on Monday when a third private equity group entered the fray and the supermarket group's share price raced ahead of the value of an offer it recommended on Saturday. Following are some details about the suitors of the 122-year-old Bradford, northern England, based grocer, which is Britain's fourth largest. FORTRESS INVESTMENT GROUP LED CONSORTIUM On Saturday, the 500-store Morrisons agreed a 6.3 billion pound ($8.72 billion) takeover led by the SoftBank owned Fortress and backed by Canada Pension Plan Investment...

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Factbox-England ends lockdown: No facemasks, no distancing, no WFH order By Reuters

Strong business activity lifts European shares; London mid-caps at record high By Reuters

UK watchdog confirms cold-calling ban, other rules for funeral plan providers By Reuters

Didi says had no knowledge of cyberspace investigation before IPO By Reuters

Australia’s Ramsay Health Care sweetens offer for UK’s Spire to $1.4 billion By Reuters

Facebook, Google, Twitter say could quit Hong Kong over proposed data laws- WSJ By Reuters

Swedish Social Democrat Lofven is asked to return as PM By Reuters

Fortress offer for Morrisons is “good value” -investor abrdn CEO By Reuters

India shares higher at close of trade; Nifty 50 up 0.71% By Investing.com

Factbox-The $9 billion battle for Britain’s Morrisons By Reuters

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