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Sunday Papers: Cabinet mutiny threatens to kill May’s Brexit

Sunday Papers: Cabinet mutiny threatens to kill May’s Brexit

Top stories

  • The Sunday Times: Brexit secretary David Davis has called for a cabinet uprising against Theresa May over Brexit - as MPs and ministers said they are ready to oust her if she does not change course.
  • The Sunday Telegraph: Patisserie Valerie’s management turned down a £30 million deal from investment fund Crystal Amber that would have protected small investors, it has been revealed.
  • The Observer: James Hansen, who is known as the father of climate science, has launched a scathing attack on the government’s fracking programme.

Business and economics

  • The Sunday Telegraph: The Competition & Markets Authority is planning preliminary work on its investigations into the actions of US online giants by the end of this year.
  • The Sunday Telegraph: Harry Ramsden’s, the fish-and-chip shop chain, has swung to a £5 million loss after closing a chunk of its restaurant estate.
  • The Sunday Telegraph: MPs have slammed Capita, the outsourcer which handles British Army recruitment, for hiring just 7% of its annual target for non-commissioned soldiers in the first quarter of the year.
  • The Sunday Times: Babcock International has come under attack from a shadowy research firm, called Boatman Capital Research, for “burying bad news about its performance”.
  • The Sunday Telegraph: The UK’s failure to strike a deal on regulation of £41 trillion worth of derivative deals could trigger a further wave of departures and “very volatile markets”, experts have warned.
  • The Sunday Times: Ailing restaurant chain Gourmet Burger Kitchen is poised to press ahead with an insolvency process to close outlets and cut rents.
  • The Sunday Times: Virgin billionaire Sir Richard Branson and Stagecoach tycoon Sir Brian Souter shared in a payout of more than £50 million from the West Coast main line shortly before walking away from another franchise, at a cost to taxpayers of £2 billion.
  • The Observer: Saudi Arabia was further isolated over the disappearance of Jamal Khashoggi after the business world turned its back on a high-profile investment conference in the kingdom.
  • The Sunday Times: The Serious Fraud Office is considering a fresh investigation into a multimillion-pound fraud at a subsidiary of Lloyds Bank.
  • The Sunday Times: Unilever’s bosses will this week face investors for the first time since the failed attempt to move the company’s headquarters from London to Rotterdam.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tips): BUY 3i Infrastructure.
  • The Sunday Telegraph: Wejo, which allows car manufacturers to sell data generated by their vehicles to insurers and transport authorities, is paying several million dollars for American company Carjojo, a website that negotiates car purchases on buyers’ behalf.
  • The Sunday Times: The billionaire brothers David and Simon Reuben are in the fray for buying Santander’s £2.6 billion headquarters in Madrid, which is being sold following years of legal wrangling between property speculators.
  • The Sunday Times: Intosol, which has been taking wealthy Germans and Swiss on holiday since 2002, wants to raise up to £5 million in a share offering that would value the company at £11.4 million.
  • The Observer (Comment): May could yet leave the Brexit rebels high and dry.
  • The Sunday Telegraph (Comment): Federal Reserve threatens to bring Trump's bull market crashing down.

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