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Sunday Papers: Airbus boss eyes BAE fighter merger

Sunday Papers: Airbus boss eyes BAE fighter merger

Top stories

  • The Sunday Times: Airbus is considering merger of its jet fighter business with that of BAE Systems to create a pan-European military aircraft company with the might to take on America.
  • The Sunday Telegraph: Fiat Chrysler Automobiles’ US chief Michael Manley has replaced the company’s boss Sergio Marchionne with immediate effect.
  • The Sunday Telegraph: RPC’s top shareholder, Standard Life Aberdeen, which holds a 10% stake, has warned that the plastic packaging giant is “highly vulnerable” to a takeover bid as investors row over its expansion plans.

Business and economics

  • Mail on Sunday: Tesco is set to launch a chain of discount shops to take on cut-price German retailers Aldi and Lidl at their own game.
  • Mail on Sunday: Soaring price of butter has hit Scottish shortbread maker Walkers, as profits slipped by 60% prompting its boss to say that it was one of the 'most challenging' times in its 120-year history.
  • The Sunday Times: A Wall Street analyst has slashed price target for Tesla to $200 a share amid reports that cancellations for Tesla’s saloon have outpaced new orders - raising the spectre of a cash crunch at the heavily indebted electric car maker.
  • The Sunday Times: Pensions Infrastructure Platform (PIP), which invests the pensions of councils from Strathclyde to the West Midlands, is under fire for pouring tens of millions of pounds of councils’ pension money into projects run by the outsourcer Carillion weeks before it went bust.
  • The Sunday Times: David Atkins, chief executive of Hammerson for almost a decade, has been warned by its investors to improve the performance of the shopping centres owner or face being ousted.
  • The Sunday Times: Hedge funds are set to reap a £5 billion windfall as investment bets they took on the collapsed Wall Street giant Lehman Brothers begin to pay off.
  • The Sunday Times: The owners of Bourne Leisure, which reported profits of £155 million in the year to 31 December, have taken more than £97 million in dividends since the beginning of last year.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): Tech firm Xeros making waves...after developing a way of reducing water usage in washing machines by up to 80%.
  • The Sunday Times: Tech conglomerates Alibaba, Tencent and China Media Capital are in talks to acquire advertising giant WPP’s stake in its £1.9 billion Chinese business.
  • The Sunday Telegraph: Britain’s biggest estate agency Countrywide will go to investors to raise more than £100 million help tackle its debts and the fierce competition posed by online rivals.
  • The Observer (Comment): Netflix has revolutionised television, but is its crown starting to slip?
  • The Times (Comment): Trade war could bust the boom.
  • The Sunday Telegraph (Comment): Corporate governance is Greece’s final frontier and the root of its tragedy.

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Profile: the continuing story of jonathanfry, minus Jonathan Fry

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