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Monday Papers: Comcast to preserve Sky’s independence

Monday Papers: Comcast to preserve Sky’s independence

Top stories

  • Financial Times: Comcast has assured that Sky will operate independently after its £30 billion takeover from the American media giant.
  • The Daily Telegraph: Anti-corruption groups Corruption Watch and Transparency International have urged City regulators to investigate UK links to a €200 billion dirty money scandal at Denmark’s largest lender, Danske Bank.
  • The Times: The European Medicines Agency, which is being moved to Amsterdam after Brexit, is this week preparing for a court battle with Canary Wharf, its landlord, as it fights to get out of a £500 million office lease.
  • Financial Times: A former employee of Apollo Global Management has criticised the group for the scale of asset management fees charged to create a life insurance company, Athene Holding, in the wake of the financial crisis.
  • Financial Times: Labour Party is planning to unveil policies under which every large British company would be forced to hand over 10% of its equity to workers.

Business and economics

  • The Times: Donald Trump’s escalating global trade war has created “enormous appetite” among his officials for a post-Brexit pact with Britain, according to the National Farmers Union.
  • Financial Times: Brookfield Asset Management and Global Infrastructure Partners are vying to raise $20 billion each for what will be the world’s biggest unlisted infrastructure funds.
  • Financial Times: The Avon lady is getting a digital makeover in a belated campaign by the beauty company to put new emphasis on social media.
  • The Guardian: A dramatic expansion in demand from airlines will push world oil production to new highs over the next five years, offsetting the arrival of electric cars, according to a report from Opec.
  • The Times: Cash transfer app Revolut is set to double its staff levels at its base in London in the next two years after its turnover leapt by 500% to almost £13 million last year.
  • The Daily Telegraph: The Bank of International Settlements has warned that surging risky debts, rocky financial markets and signs of a growth slowdown threaten to strike the world economy at a time when central banks have little ammunition left to fight back.
  • Daily Mail: The rush to claim PPI compensation has enticed huge numbers of Britons to make dishonest claims for mis-sold payment protection insurance, one of the country’s most senior bankers, Barclays chairman John McFarlane, has said.
  • The Times: Shareholder Action Group, set up to sue the Royal Bank of Scotland over its £12 billion rights issue in 2008, could be investigated by police.

Share tips, comment and bids

  • The Daily Telegraph (Questor share tips): BUY Auto Trader.
  • Daily Mail: The private equity arm of Lloyds Banking Group is in talks to buy a substantial stake in Halewood Wines & Spirits as part of a deal that could value the maker of Crabbie's ginger beer at up to £300 million.
  • The Daily Telegraph: Clydesdale bank has joined the race for an £833 million competition to be sold by rival Royal Bank of Scotland, with plans to bolster its business bank with 150 extra recruits.
  • The Daily Telegraph: Failed fashion brand Orla Kiely’s administrators are seeking a buyer for the business.
  • The Times: Greybull Capital has bought a majority stake in Redeem Group, one of Britain’s largest mobile phone recyclers, as the pre-owned smartphone market has hit an estimated value of £14 billion.
  • The Daily Telegraph (Comment): Amazon's size alone is starting to become a headache.
  • The Times (Comment): When it comes to post-Brexit trade, the EU is not the only chess game in town.

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