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Sunday Papers: Hammond pledges to build 300,000 homes a year

Sunday Papers: Hammond pledges to build 300,000 homes a year

Top stories

  • The Sunday Times: Philip Hammond will use the budget this week to announce plans to build 300,000 homes every year - the equivalent of a city the size of Leeds.
  • The Sunday Telegraph: Brexiteer Lord Bamford has waded back into the political debate, accusing the Government and lobby groups of ignoring the millions of small businesses that form the “backbone” of Britain.
  • The Observer: Marks & Spencer has been usurped by online rival Asos in what has been described as the high street’s “Tesla moment” as old retailing stalwarts get overtaken by new online rivals.

Business and economics

  • The Observer: Polluting coal power stations in Britain have been profiting from the woes of the low-carbon French nuclear industry this month, according to analysis of energy generation data.
  • The Sunday Telegraph: Profits at ARM Holdings have fallen for two quarters in a row as the iPhone microchip designer counts the soaring costs of a hiring spree under its new Japanese owners.
  • The Sunday Times: Dame Carolyn McCall is set to reveal another slide in profits at easyJet as she prepares to hand over the controls of the budget airline.
  • Mail on Sunday: RGL Management Limited is signing up aggrieved small business owners to take legal action against Clydesdale Bank over the alleged mis-selling of small business loans is also planning to sue National Australia Bank.
  • Mail on Sunday: The Dutch government has been accused of waging ‘war’ on the UK and using Brexit to lure Marmite-maker Unilever away from London.
  • The Sunday Telegraph: Fears are growing over troubled care homes operator Four Seasons, with restructuring talks between its private equity owner and its main lender deadlocked by a bitter £136 million legal row.
  • The Sunday Times: Accrol, which makes toilet rolls for Lidl and other retailers, is poised to unveil plans to raise new funds in an effort to escape a cash crisis.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): Amryt Pharma makes remedies that can save lives - and cheer savers.
  • The Sunday Telegraph (Questor share tips): Paper shuffler Equiniti eyes US expansion as it snaps up Wells Fargo services arm.
  • The Sunday Times: Rolls-Royce boss Warren East is ramping up his revival plan for the embattled engineer after putting a German components business on the auction block; the company is seeking buyers for L’Orange, which makes diesel injection technology for huge trucks and generators.
  • The Sunday Times: Vivo Energy, jointly owned by the giant oil trader Vitol and buyout firm Helios Investment Partners, which operates a vast chain of African petrol stations, is to be floated on the London Stock Exchange in a deal valued at more than $3 billion (£2.3 billion).
  • Mail on Sunday: Ten Group, a personal concierge service that promises to secure tables in exclusive restaurants and tickets for coveted music events plans to raise up to £35million on the stock market this week.
  • Mail on Sunday: A New York stock market listing for Pret A Manger appears to be facing delays; private equity firm Bridgepoint, which bought Pret in 2008, hired advisers back in May to explore a listing this year but it now looks unlikely that it will list before the New Year.
  • The Sunday Telegraph: Fast-growing digital bank Monzo is planning one of Britain’s biggest ever crowdfundings, paving a quick path to a stock market float, just months after receiving a full banking licence.
  • The Sunday Telegraph (Comment): Radical Budget needed to fix housing crisis.
  • The Sunday Telegraph (Comment): Looming oil price shock that could trigger the next global recession.

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