- Financial Times: Facebook’s share plunged on Friday as Sheryl Sandberg, chief operating officer, came under increasing pressure to resolve the social network’s crisis.
- The Daily Telegraph: Michael Gove and four other Eurosceptic Cabinet ministers will try to force Theresa May into a last-minute change to the Brexit deal.
- The Times: Johnston Press, owner of The Scotsman and the i newspapers, collapsed into administration last night after it failed to find a buyer.
- Financial Times: Shares in Nintendo and its Switch graphics unit supplier Nvidia plunged after another spate of gloomy outlook statements by computer chipmakers hit the electronics market.
- Financial Times: Richard Branson is making his first move into the US rail market having agreed to a strategic partnership with Brightline.
- Financial Times: Deutsche Bank, Bank of America and JP Morgan Chase have become embroiled in the criminal probe of Danske Bank’s €200 billion money-laundering scandal.
Business and economics
- The Daily Telegraph: The Russian energy-to-aluminium producer EN+ Group revealed that its net profits for the first nine months of the year climbed by over 80% to $1.62 billion and warned that it is yet to take the full brunt of US sanctions.
- Daily Mail: RBS now won’t have to hold extra cash to protect itself against the risk of future collapse as it has been dropped from a list of the world's most important banks.
- Daily Mail: Short sellers are raking in millions of pounds betting against sterling and big UK companies as Brexit turmoil grips the markets.
- The Guardian: Confederation of British Industry has warned MPs that rejecting the prime minister’s Brexit deal would lead to shortages and prevent vital supplies reaching the public.
- The Daily Telegraph: Rolls-Royce chief executive Warren East has appealed lawmakers to arrive at a “practical” Brexit deal for the good of UK business.
- The Daily Telegraph: The Gambling Commission has started looking for bidders to take over the National Lottery operating licence, putting Camelot’s long-term monopoly under threat.
- The Guardian: Virgin Media and EE have been fined more than £13 million by Ofcom for overcharging customers.
- Financial Times: Volkswagen is set to invest €44 billion on technologies for electric cars, autonomous driving and new mobility services, such as ride-sharing, over the next five years.
- The Guardian: Luke Johnson, Patisserie Valerie’s executive chairman, is understood to have hired John Gibson, a former top prosecutor at the Serious Fraud Office.
- The Daily Telegraph: AstraZeneca's most important oncology drug has failed in the final results of a clinical trial in improving survival rates in patients with late-stage lung cancer than chemotherapy.
Share tips, comment and bids
- The Daily Telegraph (Questor share tips): HOLD Royal Mail; HOLD National Grid; HOLD Premier Oil bonds; HOLD Regional Reit.
- The Times: Rebel shareholders trying to block the £46 billion takeover of Shire by Takeda are seeking support of an influential member of the Japanese company’s founding family.
- The Daily Telegraph: Construction company Kier has sold its Australian road maintenance business KHSA for £24 million in a bid to reduce its rising debt and concentrate on its core markets.
- Financial Times: Apple has entered into a new partnership with A24, in which the New York-based studio will produce several original films for the iPhone maker.
- The Times (Comment): Brexit will take a heavy toll, but could herald an economic rebirth.
- The Guardian (Comment): Does Apple's sales slump mean the firm has finally peaked?
- The Daily Telegraph (Comment): Facebook’s founder is running out of time.