New Model Adviser - For professional financial planners

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Saturday Papers: Pressure grows on May to quit

And Robert Mueller recommends no new criminal charges as he ends Russia probe into Donald Trump.

Saturday Papers: Pressure grows on May to quit

Top stories

  • The Times: Pressure is growing on Theresa May to name a date for her departure after cabinet support drained away and the DUP made clear its lack of faith in her.
  • The Daily Telegraph: Robert Mueller, the special counsel, has not any recommended any further criminal charges as he finished his report into whether Donald Trump's 2016 presidential campaign colluded with Russia.
  • Financial Times: Credit Suisse CEO Tidjane Thiam received a 30% pay rise last year despite a 38% plunge in the bank’s stock.
  • Financial Times: Citigroup has fired eight traders from its Hong Kong trading desk after an internal investigation found that they had misled clients.
  • The Times: Boeing lost a $5 billion order for its 737 Max jets, which have suffered two disasters in five months.

Business and economics

  • The Guardian: Mounting fears of a slowdown in the global economy hit financial markets around the world, after eurozone factory output fell at the fastest rate in almost six years.
  • The Daily Telegraph: Deutsche Bank has doubled the pay of its chief executive and investment banking boss despite the threat of sweeping job losses ahead.
  • The Guardian: Richard Branson has claimed in an open letter that Britain is “dangerously close to the full-scale disaster” of a no-deal Brexit.
  • The Times: Flannels, the luxury chain owned by Sports Direct, aims to open about 60 new shops in the next three years.
  • The Daily Telegraph: Thomas Cook has announced the closure of 21 stores putting more than 300 jobs at risk, as it grapples with the switch to online bookings.
  • Daily Mail: GVC chairman Lee Feldman is stepping down amid investor fury after he sold a £6 million stake in the bookmaker.
  • The Daily Telegraph: Royal Mail’s top investors have warned that its latest choice of chairman Keith Williams will be spread too thinly.
  • The Guardian: The UK has signed a post-Brexit trade deal with a group of Caribbean countries including Jamaica and Barbados.
  • The Daily Telegraph: Nokia has warned that there may be "compliance issues" at a French company that it acquired three years ago for €15.6 billion.
  • The Times: Paperchase stationery chain has agreed with its landlords to slash its rent bill by linking the amount it pays at half of its shops to turnover and closing five branches.
  • The Daily Telegraph: EasyJet is primed to activate Brexit contingency plans after revealing its ownership structure will breach Brussels aviation rules in case of a no-deal Brexit.
  • The Guardian: Jaguar Land Rover has won a landmark court case against a Chinese firm that was selling a copycat of its Evoque model for a fraction of the price.

Share tips, comment and bids

  • The Daily Telegraph (Questor share tips): HOLD Gamma Communications; HOLD Fulcrum Utility Services.
  • The Guardian: Sainsbury’s and Asda are ready to sell off up to 150 supermarkets and 38 petrol stations in a bid to persuade the competition watchdog that their £7 billion merger should be allowed to go ahead.
  • The Guardian: Debenhams has dismissed a bid for its Danish stores from Mike Ashley as it confirmed plans to raise £200 million in fresh loans.
  • Daily Mail: Smiths Group has announced plans to spin off its healthcare business next year so it can focus on industrial technology.
  • The Times: Uber has reportedly selected the New York Stock Exchange for its forthcoming flotation in what could be one of the biggest listings on record.
  • The Daily Telegraph (Comment): Three lessons from Levi's 160 year history and successful IPO.

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
More Content
7427.94 -44 0.59% 08:49
More Content
More Content

BUSINESS

RBS chief exec to stand down after ‘biggest turnaround in history’

RBS chief exec to stand down after ‘biggest turnaround in history’

The chief executive of the Royal Bank of Scotland (RBS) Ross McEwan announced today he is stepping down after completing one of ‘the biggest UK corporate turnarounds in history’

ADVICE

Tax Doctor: Adviser solves cross-border tax confusion

Tax Doctor: Adviser solves cross-border tax confusion

John’s specialist cross-border adviser mitigates between his UK and Australian finances to maximise tax efficiency and structure his planning for retirement

twitter_banner

INVESTMENT