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Monday Papers: Putin’s landslide election victory

And Facebook is in storm over Cambridge Analytica scandal after whistleblower said that 50 million users were exploited.

Monday Papers: Putin’s landslide election victory

Top stories

  • The Times: Vladimir Putin secured a decisive victory in the Russian presidential election last night, with his campaign claiming that turnout was bolstered by the confrontation with Britain over the poisoning of Sergei Skripal.
  • Financial Times: Facebook is under increasing pressure to explain how data collected on 50 million users were exploited for political gain, following claims that data firm Cambridge Analytica used the leaked information to help Donald Trump win the US presidency.
  • Financial Times: Yields on one-year US Treasury bills are hitting levels not seen since the financial crisis, driven by a combination of tighter Federal Reserve policy and looser fiscal policy.
  • The Daily Telegraph: Rolls-Royce, the engineering giant, is joining the race to build the next generation of energy storage “batteries” using the same material originally designed for hard-wearing contact lenses.
  • Financial Times: Latvia has vowed to overhaul its offshore banking system and drastically reduce foreign deposits as it tries to appease US and European regulators following accusations of money laundering and breaching sanctions against North Korea.
  • Financial Times: Melrose Industries has stepped up its fight to win support for its hostile £8 billion cash and shares bid for GKN, with a pledge to pump £1 billion into the UK engineering company’s pension fund.

Business and economics

  • The Times: Economic growth in the UK will remain at the bottom of the G7 group of advanced countries until at least the end of the decade, the British Chambers of Commerce has warned.
  • Financial Times: General Electric is looking to offshore wind power as one way to rebuild its earnings, as its traditional business making equipment for gas-fired power plants faces weaker demand because of the shift towards renewable energy sources.
  • Daily Mail: Upmarket fashion retailer Ted Baker is set to defy the doom and gloom on the High Street when it posts results this week.
  • The Times: Travelodge’s revenues are being boosted by the introduction of slightly more upmarket “super rooms” aimed at higher-spending business customers.
  • Daily Mail: The crisis hammering the High Street continues to gather pace, with shopping stalwart Next set to be the latest to uncover a dramatic drop in profits this week.
  • The Guardian: The rollercoaster ride for some cryptocurrency investors could be about to take another tax-time lurch, according to experts, as the taxman looks for his share of transactions made using bitcoin and its like.
  • Financial Times: The head of TalkTalk’s ultrafast broadband division has jumped ship to a rival just as the company is moving to enter the market for full fibre networks; Richard Sinclair, general manager of ultrafast broadband at TalkTalk, will join Virgin Media in the coming months as executive director of connectivity.
  • Financial Times: A board of scientific advisers recruited by Theranos has suffered a setback after a leading member resigned, as outside experts and directors continue to distance themselves from the scandal-hit blood-testing group.
  • Financial Times: UK based engineering company Weir will this week revive the push to reform executive pay in Britain with a plan to ditch a controversial kind of reward scheme linked to excessive boardroom remuneration.
  • The Daily Telegraph: The Government has been urged to use Brexit to slash red tape for small banks to boost competition and follow the deregulatory path set by the US.
  • The Times: The accounting and financial reporting watchdog should be put in special measures and run by commissioners until it can be abolished and replaced by a fully independent agency, an influential pensions body has said.
  • Financial Times: Leading consumer goods companies including Kraft Heinz, Johnson & Johnson and Carex soap maker PZ Cussons have failed to disclose the producers of their palm oil supplies, despite pledging to achieve traceability in one of their key ingredients.
  • The Times: The East India Club is threatening to sue Royal Bank of Scotland over alleged failings that enabled a former employee to steal more than £560,000.
  • Financial Times: A federal court in Washington DC will be the scene of the biggest antitrust showdown in recent memory as the US Department of Justice faces off with AT&T over its $85.4 billion plan to buy Time Warner.

Share tips, comment and bids

  • Daily Mail (Trader tips): BUY Cineworld after increase in profits, but SELL takeaway firm Just Eat.
  • The Times: Klépierre, one of Europe’s largest owners of shopping centres, has made a £5 billion takeover approach for Hammerson in a move that threatens to derail the British property company’s proposed merger with Intu.
  • The Times: Dana, the US automotive group in talks to buy GKN’s driveline division, is to seek a secondary listing in London as it bumps up its efforts to win over shareholders in the engineering group.
  • The Guardian (Comment): Trump is on path to full-scale trade war: first China, then Europe.
  • The Daily Telegraph (Comment): Silicon Valley should heed warnings from Theranos scandal.
  • The Times (Comment): Trump’s mixed signals are damaging his hopes for a stronger dollar.

5 comments so far. Why not have your say?

alan franklin

Mar 19, 2018 at 07:58

Well, who would have thought Putin would win again ? (!) The fact that his main rival has been locked up and all the media dare not criticise him had nothing to do with it. Outspoken journalists tend to have nasty accidents crossing bridges. Poor Russians.

The megalomaniac carries on , occupying parts of Ukraine and Crimea, flattening much of Syria, and we just wring our hands. Time to stop his propaganda arm Russia Today broadcasting here on Sky.

report this

Donald Chan

Mar 19, 2018 at 10:20

RT is a good, if biased, news channel. To ban it would be an assault on free speech. It is regulated by Ofcom. If you don't like it, don't watch.

report this

john brace

Mar 19, 2018 at 11:32

I partly agree. I watch RT for the news that our own channels hide away.

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John M.

Mar 19, 2018 at 12:28

Free speech in the UK is becoming a joke. Even journalists with right-wing viewpoints are now being banned from the country - four in the last week alone.

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John M.

Mar 19, 2018 at 12:34

Sorry - should read "banned from entering the country"

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The Accumulator: oil's rally sparks Trump anger

by Daniel Grote on Apr 20, 2018 at 16:31

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