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Friday Papers: Walmart reports surge in online sales

And Tory manifesto targets business as Theresa May signals more Government intervention.

Friday Papers: Walmart reports surge in online sales

Top stories

  • Financial Times: Walmart showed it was making progress in its attempt to compete with Amazon as a destination for online shoppers, reporting surging ecommerce sales in its most recent quarter.
  • The Daily Telegraph: Theresa May has unveiled an array of new measures targeting Britain’s boardrooms in a manifesto launch that signals her determination to intervene more in business.
  • The Times: Market fears over the political upheaval in Washington spilled across the Atlantic yesterday, sending the FTSE 100 down almost 70 points.
  • Financial Times: The criminal investigation into a wide range of practices at Fox News is now on shaky ground after the death on Thursday of Roger Ailes, the cable channel’s founder.
  • The Times: Business groups yesterday accused the Conservatives of a misguided interventionist attack on free markets that threatens to saddle companies with costs and strip them of skills.

Business and economics

  • The Daily Telegraph: Shoppers came out in force last month as good weather combined with the long Easter weekend boosted household spending.
  • The Daily Telegraph: Royal Mail will target growth overseas in a bid to offset the continued decline in the number of letters it delivers in the UK, as it faces further competition from online retailers.
  • Financial Times: British football giant Manchester United has lifted its revenue and profit guidance for the year, in a season where the club has picked up one domestic trophy and is eyeing more silverware before the end of the season.
  • The Daily Telegraph: Four carmakers, including Toyota and BMW, have agreed to pay $553 million (£425 million) to settle class-action lawsuits covering owners of recalled vehicles, fitted with potentially faulty Takata airbags.
  • The Times: Sales of Harry Potter books rose by 88%, boosted by a new illustrated edition of The Chamber of Secrets, while an 87% rise in sales of fantasy novels such as A Court of Mist by Maas, took children’s sales to £55.9 million, up 48%.
  • The Guardian: Mothercare is to almost halve the size of its UK chain and stop selling clothes for older children as it tries to carve out a profitable future on the high street.
  • The Times: Shire was boosted yesterday by promising trial data for a drug to treat a rare and sometimes deadly hereditary disease.
  • Daily Mail: Profits at British fashion firm Burberry have plunged by a fifth after weak wholesale trading in the US.
  • The Times: Sales at Booker Group have broken £5 billion for the first time in a strong performance for the wholesaler before its takeover by Tesco.
  • The Guardian: Credit checking agency Experian has launched a $600 million (£460 million) share buyback in order to reduce its capital, as it hails a “vibrant” sector.
  • The Times: Deutsche Bank said it expects former board members to pay substantial sums for misconduct that tarnished the reputation of Germany’s biggest lender.
  • The Times: Prudential is shaking up its senior management again with its finance director taking over its Asian business.
  • The Times: The chairman of Hargreaves Lansdown is to leave after running the board for almost eight years, as the investment firm faces stiff competition from a new low-cost rival.

Share tips, comment and bids

  • The Daily Telegraph (Questor share tips): BUY Schroder Asiapacific Fund.
  • The Times (Tempus share tips): BUY SSP; BUY National Grid; AVOID Dairy Crest Group.
  • Financial Times: French laundry services group Elis is threatening a hostile takeover of UK-based rival Berendsen after the target’s board of directors repeatedly rejected its cash and share offers.
  • The Guardian: Transline, the controversial employment agency, has been bought out by rival Russell Taylor Group after falling into administration.
  • The Times: Marston’s has added beer brands including Bombardier, Courage, Young’s and McEwan’s to its bulging collection after announcing the £55 million acquisition of the 141-year-old Charles Wells brewing business.
  • Daily Mail: Mining giant Glencore has teamed up with US private equity investor Carlyle Group to buy Morocco’s only oil refinery.
  • Financial Times (Lex): Cisco: forget the tax holiday, Washington’s turmoil is already hitting earnings.
  • Financial Times (Lex): The Trump trade: the turmoil around the latest ‘CEO’ of the US may have limited impact on markets.
  • Financial Times (Lex): Ubisoft: the video game maker, not Vivendi, deserves credit for the share rally.

1 comment so far. Why not have your say?


May 19, 2017 at 10:21

Post Office ever since the 1840 the first stamp the penny black came into being the post office has become a british first for its people .prior to 1840 we where in the prestamp era with stage coaches ect having to deliver mail hundreds of miles up country .with frequent robberies by highwaymen . roads where very bad the toll system improved travel then the railways took over .but there was job creation .london had started the organized buisness of letter carrying with the first penny post only a few of the first postage letters with the famous triangle stamp still remain this post was taken off the inventor and developed by the crown .

Nowadays we rely on the post more than ever .take the oncoming election contact by political parties ect .councils.sending election cards to voters are important to this country .many people dont have or want computers they want contact by letter the era of postal deliveries will never end ...

The first class delivery letterpost take one day most of the work happens at night letters seem by magic to appear hundreds of miles away the post office will always have postmen and women to deliver our mail.

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FTSE 100 hands back gains as Bank turns hawkish

by Michelle McGagh on Jun 21, 2018 at 17:05

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