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.

Sunday Papers: Blackout threat to Britain from Russia

And worldwide bidding battle sparked for Spencer's broking giant Nex.

Sunday Papers: Blackout threat to Britain from Russia

Top stories

  • The Sunday Times: Spy chiefs have warned the bosses of Britain’s key power companies to boost their security amid fears of a Russian cyber-attack that could put the lights out.
  • The Sunday Telegraph: A global bidding war is set to erupt for Nex Group, the financial technology giant created by City veteran ­Michael Spencer more than 30 years ago with two friends and a single trading screen.
  • The Sunday Times: Melrose has made a dramatic final pitch for GKN by promising to plough £1 billion into the engineering titan’s cash-strapped pension fund.
  • The Sunday Telegraph: The high street is facing a full-blown crisis as the company behind off-licence chains Bargain Booze and Wine Rack scrambles to avert collapse and Carpetright prepares to close scores of shops.

Business and economics

  • The Sunday Telegraph: Dozens of the world’s top economists have called on the US to pull back from a trade war, warning that it will have ruinous consequences for the country and the wider world economy.
  • The Sunday Times: Bank of England governor Mark Carney is set to lay the groundwork this week for an interest rate rise in May, despite signs that inflation is slowing.
  • The Observer: Rogue bosses will face fines or prosecution for putting the pensions of their workers at risk under new laws to be unveiled by the government.
  • Mail on Sunday: Fullshare, controlled by billionaire Ji Changqun, one of the Chinese suitors behind a bid for House of Fraser, has issued a profit warning a fortnight before the deal is expected to be finalised.
  • The Observer: The accounting watchdog is expected to announce an investigation into potential misconduct by two former finance directors at Carillion, the failed government contractor.
  • The Sunday Times: Credit insurers are tightening terms for suppliers to Poundstretcher, the struggling discount retail chain owned by two low-profile brothers based in Leicestershire.
  • Mail on Sunday: Sir Martin Sorrell, the head of advertising giant WPP, is on course for a big pay cut this year, leaving him with his lowest total package since 2011.
  • The Sunday Times: Mitchells & Butlers, the pubs operator behind All Bar One and Harvester, is embroiled in a High Court row with its pension trustees over a plan to cut retirement benefits for more than 20,000 people.
  • The Sunday Telegraph: Bonuses for top executives at Hiscox have been scrapped following a record year for natural disasters that left the insurer swallowing a £160 million claims bill.
  • The Sunday Times: Heathrow is under pressure to cut blockbuster dividends for its shareholders while it builds a £14 billion third runway.
  • The Sunday Times: Struggling outsourcing giant Capita is expected to strip its former boss Andy Parker of an £845,000 cash bonus.
  • The Sunday Telegraph: A team of​ entrepreneurs is planning to build a £10 million Bitcoin farm in the South East that it claims will be the biggest in the UK.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): Join the Caribbean oil rush as Trinidad-based Trinity Exploration & Production looks set to drum up healthy returns for investors.
  • Mail on Sunday (Midas share tips): Our paymaster tip Equiniti soars by 80% in 20 months.
  • The Sunday Times: The upmarket housebuilder Berkeley Homes is eyeing an approach for the Earls Court site owned by Capital & Counties, the troubled FTSE 250 property developer.
  • The Sunday Times: Unilever is preparing the ground for a series of blockbuster mergers that could include deals with rivals such as Colgate-Palmolive and Estée Lauder, according to City sources.
  • The Observer (Comment): Can Spotify and Dropbox finally prove that tech is a sound investment?

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
7331.43 + 7 0.1% 08:46
More Content
More Content

BUSINESS

Janus Henderson veteran Stephen Peak to retire

Janus Henderson veteran Stephen Peak to retire

Peak, who joined Henderson back in 1992, is retiring in a reshuffle on Janus Henderson's European equity desk.

ADVICE

Six ways to improve mental health in financial services

Six ways to improve mental health in financial services

Things are not always sunny side up, and when employees struggle with mental health issues, the whole business suffers. Learning to communicate and resolve issues is crucial

twitter_banner

INVESTMENT