- Financial Times: Michel Barnier, the EU’s chief Brexit negotiator, has proposed extending Britain’s transition out of the bloc until as late as December 2022.
- The Times: Edward Bramson, the activist investor pushing Barclays to curtail its investment banking ambitions, might push for a seat on the board if he feels he is being ignored.
- Financial Times: The overall global bond and equity universe shrank by a cumulative $5 trillion since the start of this year – the biggest contraction of capital markets since the financial crisis.
- Financial Times: Hitachi is in talks to acquire part or all of ABB’s power grids business, which could be worth around $13 billion.
- The Daily Telegraph: Leading managed pubs, including Pizza Hut, YO! Sushi and TGI Fridays, saw slow sales growth last month as business costs squeezed margins.
- Financial Times: Sino-US trade tensions were on display at the Asia Pacific Economic Co-operation meeting over the weekend after the two countries failed to issue a joint communiqué.
Business and economics
- The Guardian: Retail experts predicting that the Black Friday phenomenon will push even more British shoppers online and slash footfall during the crucial pre-Christmas sales period.
- The Times: Interserve, one of the biggest suppliers of cleaning and catering services to government departments, has failed to provide back up plans in the event of a Carillion-style collapse.
- Daily Mail: Airbus has signed a major deal with Eutelsat to build components in the UK for two European satellites.
- Financial Times: The chief executive of Mitsubishi Heavy Industries has said that the restructuring of the group is complete and it is now ready to pursue growth.
- The Daily Telegraph: Private equity fund Horus Capital said its new solar development arm, Suncore Energy, will begin construction of three new solar farms in the UK from next month.
- The Times: Rio Tinto has signed up Nestlé as its first customer for its “responsibly sourced” aluminium to make coffee capsules for Nespresso.
- The Daily Telegraph: Bailout inspectors from the European Commission have warned that the Irish economy risks overheating.
- The Times: Almost 5,000 Johnston Press pensioners face cuts to their pensions in the wake of the collapse of the publisher.
- The Guardian: CBI president John Allan is to endorse Theresa May’s draft European Union withdrawal agreement, arguing that while not perfect it opens “a route to a long-term trade arrangement”.
- The Daily Telegraph: Facebook will pay $69 million to a group of investors who sued the social network for legal fees they incurred while fighting a plan to tighten Mark Zuckerberg's control of the company.
Share tips, comment and bids
- The Daily Telegraph (Questor share tips): BUY Associated British Food.
- The Daily Telegraph: A Sydney-based litigation funding house, Litigation Capital Management, which claims that 95% of its cases have reached settlement, is preparing to float in London next month.
- The Daily Telegraph: Russian gold miner Polyus has put back plans to sell down more of its shares in London as markets turn volatile and the gold price slides.
- Financial Times: PAG, the Hong Kong-based private equity group, has raised $6 billion for a new fund.
- The Times (Tempus share tips): A no-deal Brexit would not be as bad as the doom-mongers tell you.