- The Times: Britain needs to start implementing plans for a no-deal Brexit within weeks, ministers have been told, as last-ditch talks in Brussels between Britain and the EU broke up.
- Financial Times: The world’s biggest hedge fund Bridgewater has warned that tighter monetary policy will weigh on activity and ratchets up pressure on financial markets causing deceleration in the US economy.
- The Daily Telegraph: Saudi Arabia has threatened to use its economic might in retaliation against any US action following the disappearance of journalist Jamal Khashoggi.
- Financial Times: Chinese video games companies expect Beijing’s freeze on approvals for new titles to last until next year, dealing a fresh blow to internet giant Tencent and other publishers.
- Financial Times: The value of Italian bonds out on loan hits four month high, indicating the country’s budget proposals have fuelled concern about its economic outlook.
Business and economics
- Financial Times: The Bank of England has put banks and insurers on notice to appoint top executives to oversee their planning for the long-term risks of climate change.
- The Guardian: Leading economic forecaster EY Item Club has warned that the British economy is heading for its worst year in almost a decade amid the growing risks from no-deal Brexit.
- Financial Times: TP ICAP, the interdealer broker, is looking into overhauling management incentive scheme following the sacking of former chief John Phizackerley.
- Daily Mail: Carmignac, a French asset manager, has become the first investor to disclose a short position in Aston Martin, just a week after the sports carmaker's IPO.
- The Daily Telegraph: Brian Bickell, chief executive of Carnaby Street owner Shaftesbury, has backed calls for higher taxes on online retailers.
- Daily Mail: Digital music giant Spotify has been booking three-quarters of its revenue to an entity in Sweden, allowing it to pay just £891,425 a year in UK tax.
- Financial Times: Ryanair could put an end to its workers’ strikes if the airline was “sincere” about contract negotiations, a senior union official has said.
- The Times: The biggest housebuilders are facing renewed pressure to cap executive bonuses after Sir Vince Cable, the former business secretary, urged companies to stop counting Help to Buy homes when calculating the pay rewards of their bosses.
- The Daily Telegraph: The Treasury has asked high street banks to assess their exposure to at-risk sectors and companies if a “no-deal” Brexit leads to a cash crunch for UK plc.
- The Times: The company that owns Patisserie Valerie is considering taking legal action against its auditors Grant Thornton for their alleged failure to spot a £40 million black hole.
Share tips, comment and bids
- Daily Mail (Midas share tips): Sabre Insurance Group pursues policies others shun such as expensive cars and young drivers.
- The Daily Telegraph: The billionaire Len Blavatnik is plotting to split his sports media empire, Perform Group, in two and sell half of it to help finance his costly attempt to create the “Netflix of sport”.
- Daily Mail: Gatwick Airport could be about to change hands for up to £10 billion, as City sources said that New York-based Global Infrastructure Partners is 'very close' to making a decision.
- The Times: The Midland Hotel, a grade II listed building next to the former Manchester Central station, is being bought by Pandox, a Swedish hotel investor, in a deal valuing the 115-year-old property at £115 million.
- The Guardian (Comment): Johnston Press falls prey to capitalism and greed.
- The Daily Telegraph (Comment): Uber wants to be the Amazon of transport. That won't be easy.