Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Sunday Papers: HS2 project delayed by a year

Sunday Papers: HS2 project delayed by a year

Top stories

  • The Sunday Times: The £56 billion HS2 rail line is likely to get delayed by more than a year due to risk of soaring budget.
  • The Sunday Telegraph: Conservatives’ former London mayoral candidate Zac Goldsmith called on Theresa May to resign on Saturday as the campaign to unseat the UK Prime Minister neared tipping point.
  • The Sunday Telegraph: Sports Direct, which snapped up the remnants of the bicycle retailer last month, has cut hundreds of Evans Cycles jobs despite advice from the chain’s ­administrator that “almost all” of its stores are ­profitable.
  • Mail on Sunday: Some of the world's biggest insurers and banks will start moving £253 billion of assets out of the UK in just two weeks' time as they attempt to avert Brexit chaos, legal papers reveal.
  • The Sunday Times: Facebook is in talks with three local newspaper publishers in Britain, Johnston Press, Newsquest and Reach, owner of the Daily Mirror, over a radical plan to help fund journalism in an attempt to clean up its toxic reputation.

Business and economics

  • The Observer: Johnston Press agreed a deal to secure its future – only a day after the company entered administration – allowing scores of local newspapers continue to publish.
  • Mail on Sunday: American fashion group Urban Outfitters has defied Britain's high street gloom by reversing losses and increasing sales by 10% to £206 million.
  • The Sunday Telegraph: A Wall Street hedge fund, Coast Capital Management, is threatening an audacious boardroom coup at FirstGroup after accusing bosses of “driving the bus off the cliff”.
  • The Sunday Times: Astra Zeneca has begun succession planning for Pascal Soriot, its chief executive of six years, after pressure from shareholders.
  • The Sunday Telegraph: Amazon has embarked on a major hiring push for a secretive new device.
  • The Sunday Times: The Pensions Regulator has been warned that thousands of low-paid staff at Costa owner Whitbread have lost out on hundreds of pounds in tax breaks because of the type of pension they are enrolled in.
  • The Sunday Times: The billionaire brothers and property tycoons David and Simon Reuben are locked in a legal battle with Santander over ownership of the bank’s Madrid headquarters.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): BUY Glencore.
  • Mail on Sunday (Midas share tips): Hold your nerve as market robots give UK shares a hammering after Brexit talks.
  • The Sunday Times: Retailer Kingfisher is seeking to sell six B&Q stores in an effort to raise cash to fund chief executive Veronique Laury’s costly turnaround plan.
  • The Sunday Times: Sir Jim Ratcliffe’s company, Ineos, is understood to be in exclusive talks to buy £2.3 billion of North Sea oil and gas fields being sold by the US giant Conoco Phillips.
  • The Sunday Times: Business publisher Centaur Media has hoisted a “for sale” sign over The Lawyer magazine, in a move that could fetch up to £45 million.
  • The Sunday Telegraph (Comment): For all her grit and resolve, the Prime Minister is selling a false prospectus.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Hugh Young: the buck stops with me on Asia recovery

Hugh Young: the buck stops with me on Asia recovery

The Veteran Asia Pacific fund manager discusses how he is going to improve the performance of Aberdeen Standard Asia Focus and the other investment trusts run by his team.

Play Tim Steer: fund managers will have to get 'stuck in'

Tim Steer: fund managers will have to get 'stuck in'

The second part of our film with former Artemis and New Star fund manager Tim Steer looks at how his profession has evolved over the past two decades.

2 Comments Play Tim Steer: how to spot a stock disaster coming

Tim Steer: how to spot a stock disaster coming

The former Citywire AAA-rated fund manager has written a book on 22 stock disasters and how forensic examination of annual reports could have spotted them coming.

Read More
Your Business: Cover Star Club

Profile: how a private office combined Lord North Street and C Hoare veterans

Profile: how a private office combined Lord North Street and C Hoare veterans

Quite different roads took Koerling and McArdle to Owl, but this diversity of background and experience is designed to be at the very heart of the business.

Wealth Manager on Twitter