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Friday Papers: Nato powers close ranks against Putin

Friday Papers: Nato powers close ranks against Putin

Top stories

  • Financial Times: Nato’s leading powers closed ranks against Vladimir Putin on Thursday as the US unveiled new sanctions against Moscow and joined France and Germany to back Britain’s accusations against the Kremlin for the poisoning of a former Russian spy on UK soil.
  • The Times: The battle for GKN intensified yesterday after Rolls-Royce became the latest company to intervene when it raised no objections to a takeover by Melrose.
  • The Daily Telegraph: World leaders have been warned that a Donald Trump-inspired trade war could trash the global economic recovery with protectionist policies tearing up global supply chains and killing off the green shoots of productivity growth.
  • The Times: Google has spent tens of millions of pounds funding think tanks that have published papers supporting its policy interests.
  • Financial Times: Unilever has decided to shift its headquarters to the Netherlands, breaking a near century-old structure of running the company from both the UK and European mainland, in a setback for Theresa May’s pledge that it will be business as usual after Brexit.
  • Financial Times: CME Group, the US futures exchange, has made a preliminary bid for Michael Spencer’s Nex Group, a move likely to spark a race among global exchanges to buy the UK financial technology company.

Business and economics

  • The Daily Telegraph: Norway’s state oil company is hoping to distance itself from its fossil fuel legacy by removing “oil” from its name after half a century as part of a major rebrand.
  • The Daily Telegraph: German airline Lufthansa boasted its best ever results thanks to a successful cost-cutting programme but optimism was tempered for 2018 due to an expected hike in its fuel bill.
  • Daily Mail: Cineworld posted blockbuster results as it prepares to make its US debut after buying Regal Entertainment – making it the second-largest chain in the world.
  • Daily Mail: Pottery firm Portmeirion has posted a record profit as Americans kept snapping up fine dining tableware.
  • The Daily Telegraph: Kier Group has sought to put clear blue water between itself and collapsed peer Carillion after reporting rising profits and a healthy order book.
  • The Times: Savills, the property agent, has said it is bracing itself for slower momentum in the residential market this year, despite growing revenues and profit in 2017.
  • Daily Mail: Virgin Atlantic swung to its first loss in four years as the pound's tumbling, hurricane disruption and engine supply woes took their toll.
  • Daily Mail: Shares in PZ Cussons, the group behind Carex and Imperial Leather soap, fell by more than 20% this morning after it warned over profits.
  • The Daily Telegraph: Rihanna wiped around $1 billion (£720 million) off Snapchat’s parent company on Thursday when she criticised the messaging app for hosting an advert that appeared to make light of her history as a victim of domestic violence.
  • Financial Times: MasterCard and IBM are teaming up to create one of Europe’s first “data trusts” in an attempt to help businesses meet strict new EU rules on how companies hold personal information that will come into force in two months.
  • The Guardian: Uber is to share data from journeys made in London, as it bids to be what it terms a “better partner” and reclaim its licence to operate in the capital.
  • The Guardian: Crocs, the manufacturer of a range of plastic clogs, has lost a battle to protect its design from copycats as judges in Luxembourg backed a decision by the EU’s intellectual property office (EUIPO) in 2016 to cancel legal protection for the shoe.
  • Financial Times: Activist investor Elliott Management will seek to remove Arnaud de Puyfontaine, Telecom Italia’s executive chairman, at an extraordinary general meeting in April.
  • Financial Times: Japan’s anti-monopoly watchdog has raided Amazon’s Tokyo headquarters for the second time in two years, as the US technology group continues to grab market share at the expense of Japanese ecommerce rivals.

Share tips, comment and bids

  • The Times (Tempus share tips): BUY Just; BUY One Savingsbank.
  • The Daily Telegraph (Questor share tips): JPEL Private Equity is selling off its assets – and getting good prices.
  • The Daily Telegraph: Spotify will make its Wall Street debut at the beginning of next month, the music streaming giant announced on Thursday, as it laid out its case to investors ahead of the most hotly-anticipated technology flotation of the year.
  • The Times: Experian, the world’s biggest credit-checking company, has bought Clearscore, a young London-based fintech company, in a deal worth £275 million.
  • The Daily Telegraph: En+, the Russian power giant owned by billionaire Oleg Deripaska, has delayed its plan to sell a one-tenth stake in the company to mining giant Glencore after the surprise departure of the oligarch from the top spot.
  • The Times: Old Mutual is on track to complete its break-up plans this year, including a listing of its UK asset management business.
  • The Times: Glencore has struck a deal to sell one third of its cobalt production to a Chinese company, in the latest sign that Beijing is gaining an upper hand in a battle for control of global supplies of the prized metal.
  • The Times: Lord Rothschild suffered his second flotation setback in the space of a week after Helios Towers, the African mobile phone masts operator, abandoned plans for a £2 billion flotation yesterday.
  • The Times: Vernalis, the drugs company backed by the fund manager Neil Woodford has put itself up for sale and has begun to wind down its American operations after disappointing sales and regulatory setbacks.
  • Financial Times (Comment): Why a stronger yen has room to appreciate further.
  • The Daily Telegraph (Comment): New Cold War is a chance to spy out hot opportunities.

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