From Breakingviews: South Korean exports sputter back to life, and G4S’s results bolster its takeover defenses. Catch up with the latest financial insights
LATESTSIGN OF LIFE. South Korean exports have stumbled back into growth, rising 3.6% year-on-year for the first 20 days of September according to the country’s customs agency – the first such positive reading in six months. The surge was mostly led by demand for semiconductors, up 25%, as well as passenger cars. Notably, exports to the United States and European Union rose 16% and 10% respectively.
FIGHTING FIT. Security and outsourcing group G4S is desperate to prove its Covid-19 resilience. On Monday it said its underlying earnings for the eight months to August were ahead of 2019. That’s because security revenue, which accounts for 93%, was broadly in line with last year. Overall revenue fell just 1.9% – a decline more than offset by reining in costs.
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