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Sunday Papers: Wall Street braced for ‘disorderly Brexit’

And European Union closes in on Google as it prepares second antitrust fine.

Sunday Papers: Wall Street braced for ‘disorderly Brexit’

Top stories

  • The Sunday Times: A “disorderly Brexit” is now seen as almost inevitable by the world’s biggest banks - ranking on a par with a global cyber-attack as a threat to the international financial system, the City of London Corporation has warned.
  • The Sunday Telegraph: The EU is preparing to fine Google over its multi-billion dollar advertising empire as a high-profile investigation into its Android operating system is pushed back to next year.
  • The Observer: An investigation has showed how deals done by the UK telecoms giant benefited politically connected elites in eastern Africa.
  • The Sunday Times: The accounts for Vantas International, ultimately owned by the Toblerone-to-Ritz maker Mondelez, show that the British subsidiary of Cadbury’s American owner paid no tax last year, despite making a £2.1 billion profit.
  • The Sunday Telegraph: Oil services firm Petrofac is readying its defence against the looming threat of an opportunistic takeover as its ­battle against corruption allegations drags on.

Business and economics

  • The Sunday Times: Apple’s claim that an overhaul of its corporate structure did not reduce its tax bill has been called into question by an analysis of its latest accounts.
  • The Sunday Telegraph: Airbus’s troubled A380 airliner will be thrown a lifeline when Gulf carrier Emirates places a multi-billion dollar order for the “superjumbo” jets.
  • The Sunday Times: HSBC’s new chairman Mark Tucker has told investors that he is on the prowl for acquisitions, with American credit card businesses among his targets.
  • The Sunday Telegraph: The founder and former chairman of ground engineer Van Elle has launched an attempt to oust the chief executive and senior independent director.
  • The Sunday Telegraph: Unilever’s Dutch Works Council is threatening to call for strike action across the consumer goods giant’s global factories if potential buyers of its margarine business don’t agree to protect jobs and pension guarantees.
  • The Sunday Times: Go-Ahead has moved a step closer to resolving a long-running dispute over the role of guards on its strike-hit Southern rail service.
  • The Sunday Times: Simon Peckham, chief executive of Melrose, will become a non-executive director of Greensphere Capital when it lists on the stock market for about £400 million.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tips): Compass sticks to the recipe for succession and serves up steady growth.
  • The Sunday Times: Plumbing supplier Ferguson has sold its Nordic building materials business to US private equity firm Lone Star Funds for €1billion (£885million).
  • The Sunday Telegraph: Andrew Neil, the founding chairman of Sky, has urged the Government to block the takeover of the pay-TV giant by 21st Century Fox in order to preserve it as one of the “crown jewels” of British broadcasting.
  • The Sunday Times: An American company Boku, which counts Apple, Facebook and Spotify among its clients, that allows people to pay for digital goods and services by charging the cost to their mobile phone bills is poised to raise £45 million through a float in London.
  • The Sunday Times: A group of dissident Nisa shopkeepers are raising the stakes in a row with the board before a vote tomorrow on a planned £143 million sale of the chain to the Co-operative Group.
  • The Sunday Times:, a karaoke app popular with schoolchildren in the UK and America, was this weekend sold to Chinese rival Bytedance.
  • The Sunday Telegraph (Comment): To Netflix the spoils as the old guard is eclipsed.

22 comments so far. Why not have your say?

Mark Stringer

Nov 12, 2017 at 09:59

"A “disorderly Brexit” is now seen as almost inevitable by the world’s biggest banks - ranking on a par with a global cyber-attack as a threat to the international financial system, the City of London Corporation has warned".

More drivel from the remnants of a boozy city lunch.

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Cynical Investor2

Nov 12, 2017 at 10:11

Agree with Sir James Dyson, we should just walk away as the so-called negotiations are becoming a farce. The EU and all it's Bureacracy are not going to compromise on many issues, fundamentally because they cannot fill the Financial Black-Hole after our departure.

It may be tough for a while but best to have some certainty with which everyone can then work rather than the mealy mouthed rhetoric coming from many quarters, Politicians in particular.

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john brace

Nov 12, 2017 at 11:47

Watching the Remembrance Parade and wondering what we have to do to get the gratitude and respect we deserve.

Walk away

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Mark Stringer

Nov 12, 2017 at 11:59

John Brace,

Spot on.

If only we had fewer gutless people in this country and more who actually identified with the UK as it's country of origin.

I'm sure many do support this country but there is abject hyper fear heaped up by the rotten jobsworth journos.

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Mark Stringer

Nov 12, 2017 at 11:59

Cynical Investor 2, Yes, quite right. Why aren't we calling their bluff because that is what it is.

Simply tell them to come up with the offer then if we like it great if not, goodbye.

I can just see the terror on the faces of the non job brigade attempting to digest that.

The issue we face today with the metrosexual types that they have never faced any type of adversity other than which moron to vote for on the current "reality" tv tripe or which odd socks to go down the pub in.

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Cynical Investor2

Nov 12, 2017 at 12:09

Mark, agree, there are too many lily livered individuals who have never faced a challenge and expect a cosseted life-style. As James Dyson has demonstrated, get off your arse and make it happen and we can. All this uncertainty does no one any good. How the hell do we believe getting agreement from 27 different States is going to happen. No way in my opinion as they each have their own needs, some take and some give.

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Mark Stringer

Nov 12, 2017 at 12:16

Yes, it would be great to just call their bluff. Dyson along with Tim Weatherspoon have good points.

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Nov 12, 2017 at 13:39

James Dyson, that great champion of Britain, relocated his UK factory jobs to Malaysia, putting 800 British people out of work. We definitely need more people like him to protect British industry post-Brexit.

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Mark Stringer

Nov 12, 2017 at 17:00

Oh, yes, that makes his opinion wrong.

Should I mention Dyson’s £2.5 billion investment in Wiltshire providing 3,500 jobs at a former MOD base? Yeah, why not.

If you want to start the who does sod all for this country Dyson ain’t your best example.

Dyson pales into insignificance when the EU wallahs are called to account. We could go way back to the 70’s.

You can chose not to buy a Dyson product currently, try that with the EU diktats, ECJ .

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Cynical Investor2

Nov 12, 2017 at 17:24

Mark, absolutely agree, afraid there are too many who are very quick to condemn people who have made this Country great. Dyson has put his name on a product much like Hoover did and similarly has Bamford of JCB fame. JCB are claimed to be the largest manufacturer of certain earth moving equipment in many territories. I would suggest Dyson and Bamford are synonymous with Rolls Royce.....say no more eh?

Regret we have a class of people who really are envious of success but are the first in the queue for hand outs.

This Country is built on Entrepreneurs and will continue to be so have no fear. The UK will continue to lead the World in many areas, it is just regrettable our Politicians fail to give the positive motivation Business and the Country as whole want.

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Mark Stringer

Nov 12, 2017 at 17:40

Cynical Investor 2, we do have many great business minds and entrepreneurs in this country still and it always amazes me that some people are either ignorant or chose to purposely ignore what the UK had to do by decimating parts of our industry to appease the EEC as it was.

I’m a great fan for examples of market traders who used to and to some extent still do trade in almost its purest form.

People forget that the EU as it is now is not necessary to buy or sell anything between nations they have created the conditions the ultimate job creation and quango nirvana jamboree. It is a complete perversion of most of what it set out to pretend to be originally.

The EU is the perfect nanny to the neurotics among us who can’t function without the mirage of an overlord safety net.

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Nov 12, 2017 at 18:31

I agree with much that has been said. The EU has much to fear from no deal so why do we allow them to bully us? Tomorrow we might sign up for an EU army. No doubt with future financial commitments. The answer should be no until everything else is sorted and the use of our resources should be extremely expensive. I am proud of our nation and the huge opportunities global trading will bring us. I am sick and tired of overpaid leaders worried more about the risk to their personal wealth than the to the future of our country. The EU is a failed idea. How else do you explain the abysmal growth rate (Antartica is the only continent worse) ? You might expect with free trade and hundreds of billions of Euros invested it might have done better. If you do not believe me ask why so many are unemployed ,or indeed why so many member states are struggling? Now is not the time (and never will be) to pour more money into this organisation. It would be cynical to think it could be lining the pockets of those who do not deserve it.

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Mark Stringer

Nov 12, 2017 at 20:12

Richz, well said. On the whole we are still a great nation. Watching the people line the Main Street today on Remembrance Sunday in the village where I live demonstrated that it is still possible to share a common goal across generations. I just wish that the media would stop the incessant fear mongering in order to sell papers. We deserve better as a nation.

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James White

Nov 12, 2017 at 20:56

If we walk away without honouring the commitments we have made, won’t it harm our potential future trade deals? Won’t other countries be worried that we will renegade in a similar way on any future commitments Britain makes? Is this the sort of future and reputation we want?

Why don’t we just pay the money to get rid (as I did to my ex). The Mirror on Friday said the true cost of the EU is £890m per week, so we could clear the £60n divorce bill in just over a year.

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richard tomkin

Nov 12, 2017 at 20:58

@ mark stringer. The chairman of Weatherspoon is actually called Tim Martin not Tim Weatherspoon ( should it matter )

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Thomas Smith II

Nov 12, 2017 at 21:13

It may be worth knowing that one reason the EU was created in the 1950, in the wake of Three devastating European Wars, to try to get countries to work together to prevent another war, which has now not happened for 70 years.

It's not just about money.

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Mark Stringer

Nov 12, 2017 at 22:49

Richard Tomkin, it should matter he owes me a fiver and i’ve been chasing Tim weatherspoon😀

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richard tomkin

Nov 13, 2017 at 08:29

Well,good luck with the correct quarry !

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Mark Stringer

Nov 13, 2017 at 09:15

I was considering mentioning Lord Alan Amstrad but..........I shan't mistake Tim Martin again. A Hoover/Vacuum moment perhaps.

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Keith Tunstall

Nov 23, 2017 at 17:53

I think anyone reading all this tripe from Brexiteers will know what to do - sell up UK shares. Dyson, JCB and Wetherspoons are always trotted out as good UK companies. They are tiny companies in the scheme of things, simply run by owners happy for publicity.

Yes, the UK looks very likely to be crashing out of the EU. We have amateur negotiators and there simply isn't time to get a decent trade agreement.

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Mark Stringer

Nov 23, 2017 at 18:57

Keith Tunstall, in the scheme of things all big named companies are tiny in the overall scheme of things, it is SME’s that are the backbone.

I accept that we have the politicians that we deserve but I’m always one for learning so let’s assume that the EU cheerleaders are right and politicians in the UK did concede the trade deal that was what they wanted, what form would that take.

I ask this as there is one overriding certainty above all else and that is that the EU clerks will and have done everything to destroy us, be it threatening other countries with trade tariffs if they dare do deals with us, stage managed press releases dressed up as off the record comment,open threats to make life difficult, interfering in our political affairs.

What I have heard from the EU is that they want money and lots of it before they will talk about a trade deal and they want us to make the first move. I mean I know judging from two world wars that the average European is a spineless lot but there are 27 of these brave warriors aren’t there. Surely they aren’t afraid of us little Englanders are they?

The other perfect examples of electoral excellence like the German political fiasco, the Italians, more governments since WW2 than I’ve had hot dinners, Belgians, no government for over a year, Eire want a united Ireland so much that they look the other way unless we keep bailing them out like the last banking fiasco, Spain and it’s implosion arresting electors wanting to vote, Poland who doesn’t want what we have taken (millions of immigrants), Greece the perfect metaphor for the EU. I could go on, but I might just might have made my point.

We keep getting these well timed leaks, the Irish lot now being primed from EU clerks HQ no doubt.

So come on, what is it that we should be putting on the table that you feel will stop the spineless EU clerks like tusk, junckers that Dutch prat, bernier.....from fearing for their cushy well padded backsides because they need to make our life difficult as a lesson to any others. The judicial arm of the EU and is now telling Poland what it can and cannot do internally. These little nothings in the EU have form and aren’t that well liked in their own countries.

I’m sick of people having a pop at this country. All I keep hearing is whinge,whinge, whinge.

If it’s so bad where’s the need for all these houses that the speculators keep building.

So indeed flog all your UK shares and buy into the European renaissance of growth if you believe it.

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john brace

Nov 23, 2017 at 19:19

Well said

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