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Monday Papers: UK says Huawei is manageable risk to 5G

And Citigroup hands Britain £1.2 billion vote of confidence only weeks before Brexit.

Monday Papers: UK says Huawei is manageable risk to 5G

Top stories

  • Financial Times: British intelligence has contradicted US claims that the risk to 5G networks from Huawei telecommunication equipment is too high, and concluded that it is possible to mitigate the threat.
  • The Times: Citigroup is in advance talks to buy the skyscraper in Canary Wharf that houses its European headquarters in a deal worth £1.2 billion, just weeks before Brexit.
  • The Daily Telegraph: The European Union risks allowing the US to capture a slice of the UK’s valuable clearing industry if Brussels tries to win advantage by reneging on G20 promises to avoid breaking up financial markets.
  • Financial Times: The UK’s latest attempt to persuade Japan to agree a quick post-Brexit trade deal has soured after Tokyo officials reacted with dismay at British tactics.
  • Financial Times: Tiger Global, one of the biggest investors in Barclays, has sold its entire holding in the bank, in a blow to the lender’s efforts to win support for its turnround strategy.
  • Financial Times: Volkswagen has given ultimatum to its 40,000 suppliers to either cooperate with the carmaker in cutting carbon emissions, or risk losing their businesses.

Business and economics

  • The Times: Dividend payments by the world’s largest companies hit a record $1.37 trillion last year.
  • The Daily Telegraph: Loganair, the sister company of Flybmi, has started to move in on the collapsed regional airline’s routes.
  • The Guardian: More than 50 chemicals companies have moved regulatory approvals from the UK to the EU amid the threat of a no-deal Brexit.
  • The Times: Amazon has abandoned its expansion plans in Saudi Arabia in the wake of the killing of Jamal Khashoggi, the dissident journalist.
  • The Daily Telegraph: Intu is preparing to unveil a dramatic slump in the value of its properties, prompting hedge funds to ramp up their bets against the under-pressure shopping centre owner.
  • Daily Mail: High Street tycoon Philip Day is eyeing up shops that will be closed by Marks & Spencer to turn them into new branches of his Days department store business.
  • The Daily Telegraph: Peter Truscott, chief executive of Galliford Try, has called on the Government to offer more “joined-up thinking” and “less initiatives and soundbites” if it wants to solve the housing crisis.
  • The Times: Britain and Germany are at loggerheads over plans to let Royal Dutch Shell abandon oil platform legs in the North Sea.
  • The Times: The European Commission is looking into tie-ups between Formula One racing teams and big tobacco companies amid concerns from public health campaigners.
  • Financial Times: Australia’s mining industry has been jolted by a court ruling that cited “climate change” as a key reason for blocking a coal project.

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