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Monday Papers: Trump warns Assad after Syria gas attack

And Deutsche Bank has replaced its chief executive John Cryan with the co-head of its retail division Christian Sewing.

 
Monday Papers: Trump warns Assad after Syria gas attack

Top stories

  • The Times: US President Donald Trump warned the Assad regime and its allies yesterday that they would pay a “big price” after as many as 70 people were feared dead in a suspected chemical attack in Syria.
  • Financial Times: Deutsche Bank’s supervisory board has ousted John Cryan two years before his contract runs out after a spat with chairman Paul Achleitner; Christian Sewing, currently co-head of the bank’s retail division, has been appointed as the German lender’s new chief executive.
  • The Daily Telegraph: Bureaucratic deadlock in London and Brussels has resulted into abrupt suspension of the Enterprise Management Incentive scheme, a tax break used by thousands of entrepreneurs to attract top talent.
  • Financial Times: Corporate tax cut by the Trump administration is expected to deliver the biggest quarterly earnings increase in seven years as US companies are expected to report earnings growth of 17.1% per share for the first three months of the years.
  • Financial Times: Barclays is planning to split its euro rates trading team to allow the bank to continue trading euro securities with European clients after Brexit.

Business and economics

  • Financial Times: Norway’s government is split between allowing the country’s $1 trillion oil fund to become an investor in private equity or continue investing in publicly traded shares, ahead of a decision on the matter this week.
  • The Times: US President Donald Trump has predicted that “a deal will be done” with China to diffuse the possible tariff battle, in a bid to allay fears of a full blown trade war that sent markets reeling last week.
  • The Times: Short sellers are targeting high street retailers and restaurants by taking almost a third of the total positions on the stock market in the consumer sector, according to a research.
  • The Guardian: Philip Bier, owner of Tiger stores, is launching a new children’s clothing and toy chain in London next month.
  • Financial Times: Adidas is closing more stores for digital push as it looks to more than double ecommerce sales over the next two years.
  • The Daily Telegraph: Disney has spent more than £1.3 billion to produce elements of its Marvel series in Britain over the years.
  • Financial Times: A 25% levy imposed by US on flatscreen televisions from China has put the world’s third-largest TV manufacturer China’s TCL Corporation under new pressure.
  • The Times: Government’s plans to block a string of tidal energy power stations along Britain’s west coast will cost more than £50 million to nearly 400 private investors.
  • The Daily Telegraph: The Government has appointed Peter Bucks, a former Ofwat and Office of Rail Regulation non-executive director, to lead its independent Airline Insolvency Review in order to avoid tax payers footing the bill of repatriation of stricken passengers after collapse of airlines.
  • The Times: Rico Back, the German who runs Royal Mail’s highly profitable international parcel delivery operations GLS, has been lined up to be the new chief executive of Royal Mail as its current chief Moya Greene is understood to step down soon.
  • The Daily Telegraph: Former BHS owner Dominic Chappell is trying to repair his “tarnished reputation” and resurrect his career by planning to sue Sir Philip Green and contest a proposed boardroom ban.
  • Daily Mail: Mortgage Express has admitted to making a series of careless errors in highly sensitive court documents used to try to evict borrowers from their homes.

Share tips, comment and bids

  • Daily Mail (Trader tips): BUY Rank Group, but SELL retail chain Next.
  • Financial Times: Biotech giant Celgene is looking for acquisition targets with promising drugs to cover the loss of patent protection on its flagship cancer medicine Revlimid.
  • The Daily Telegraph: Beer brand BrewDog is targeting a stock market flotation as early as 2020 following a hefty private equity investment.
  • Financial Times: Toshiba’s biggest lenders are pushing the company to move ahead with the planned ¥2 trillion sale of its prized memory chip unit to Bain Capital; however, an activist shareholder has calculated that the business is worth more than twice that figure.
  • The Daily Telegraph (Comment): The City is still concerned about the future of artificial joint-maker Smith & Nephew.
  • The Guardian (Comment): Why the UK trade deficit with the EU is woeful and widening.
  • The Guardian (Comment): How Facebook got into a mess – and why it can’t get out of it.

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Asia shares flat ahead of Xi’s speech

by Himanshu Singh on Apr 09, 2018 at 03:18

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