- Financial Times: Billionaire James Dyson, the prominent UK inventor and outspoken Brexit supporter, is relocating his business headquarters from Britain to Singapore.
- The Times: Patisserie Valerie collapsed into administration yesterday, putting more than 3,000 jobs at risk and closing months of speculation about the future of the café chain.
- The Daily Telegraph: Pay growth in the UK posted its fastest rise in a decade and unemployment returned to its joint-lowest level since the 1970s at a rate of 4%.
- Financial Times: Two activist hedge funds, Starboard and Elliott Management, have acquired large stakes in eBay and demanded the online retailer break itself apart and overhaul its management team.
- Financial Times: Sale of Arconic, the company which made flammable cladding panels linked to the deadly Grenfell Tower fire in the UK, has collapsed after it failed to find a buyer.
- Financial Times: Netflix has scored 15 Oscar nominations, including best picture nod for its film Roma, in a sign the streaming service is disrupting the silver screen.
Business and economics
- Financial Times: UBS has blamed an economic slowdown and geopolitical tensions for causing almost $13 billion of client outflows.
- The Guardian: Online retailers experienced their worst Christmas sales growth in nearly 20 years in 2018 as shoppers reined in buying electrical goods.
- The Guardian: Sports Direct has struck a deal with the shopping centre giant Intu to save four House of Fraser stores.
- The Daily Telegraph: Dixons Carphone boss Alex Baldock is planning to have gaming “arenas” across its stores as the retailer battles the rise of online shopping and a precipitous fall in mobile phone sales.
- The Times: Pets At Home is likely to stockpile up to £8 million of dog food and other products as the retailer braces for a hard Brexit.
- The Times: Foxconn, the Taiwanese company that owns Chinese factories assembling most of Apple’s iPhones, is considering a switch to manufacturing in India in response to the trade war between Washington and Beijing.
- Daily Mail: Veteran investment boss Martin Gilbert, the joint chief of Standard Life Aberdeen, is preparing for retirement after 36 years at the helm of his firm.
- Daily Mail: Investment house Jupiter’s boss Dutchman Maarten Slendebroek has been ousted after a year that saw clients pull £4.6 billion of their money from its funds.
- Daily Mail: Kier Group has edged out its chief executive Haydn Mursell after a bungled fundraising sparked an investor backlash.
- The Daily Telegraph: EasyJet is demanding compensation from Gatwick airport after the airline suffered a multimillion-pound hit for flight chaos caused by drone sightings before Christmas.
- Daily Mail: Co-op Insurance will continue with its £130 million lawsuit against IBM following its acquisition by Markerstudy, the group has confirmed.
- Daily Mail: Mastercard has been fined more than half a billion pounds by the European Commission for stopping retailers from looking for better card payment terms at banks around Europe.
- The Times: An MP who led an inquiry into the collapse of Carillion has accused KPMG of “egregious wrongdoing at every stop on this gravy train”.
Share tips, comment and bids
- The Times (Tempus share tips): HOLD Cairn Energy; HOLD IG Group.
- The Daily Telegraph (Questor share tips): AVOID Vodafone Group; AVOID Pearson.
- The Times: Tom Tom has struck a €910 million deal to offload its vehicle fleet management business to Bridgestone, the tyre manufacturer.
- Financial Times (Comment): Why Nissan and Renault need each other.