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Sunday Papers: British American Tobacco faces inquiry

And Rolls-Royce is due to stun the stock market by issuing its sixth profit downgrade in two years.

 
Sunday Papers: British American Tobacco faces inquiry

Top stories

  • The Observer: One of the UK’s largest companies, British American Tobacco is facing demands that it be investigated by the US Department of Justice, following allegations that it engaged in widespread bribery of politicians and policymakers in Africa.
  • The Sunday Telegraph: Rolls-Royce is due to stun the stock market by issuing its sixth profit downgrade in two years, and taking the axe to its dividend.
  • Sunday Express: Bankers should prepare themselves to get either no annual bonus or a small one, salary benchmarking website Emolument.com says.
  • The Daily Telegraph: BAE Systems' development of futuristic guns capable of firing ultra-high speed projectiles huge distances at super-high speeds could put it in line for lucrative new contracts with the United States government.
  • The Observer: Asteroid mining could be space’s new frontier but extracting minerals in space will be costly and challenging, while the biggest difficulty may lie in a treaty over who owns the moon.
  • The Sunday Telegraph: Shareholders in GlaxoSmith­Kline are at loggerheads over whether the company should bow to activist pressure by splitting up the UK’s biggest drugmaker and overhauling its board.
  • The Independent on Sunday: Turmoil in global stock markets, combined with poor form on the pitch, has wiped $500 million (£345 million) off Manchester United’s value this year.
  • The Sunday Telegraph: Lone Pine, a US hedge fund has taken a £60 million bet against Next after the retailer admitted that its online advantage over its rivals might be waning.

Business and economics

  • The Sunday Telegraph: John Lewis Partnership has hosted a debate between the opposing EU referendum camps over the consequences of a “leave” or “remain” vote.
  • The Sunday Telegraph: Shareholders in easyJet have rejected calls by Sir Stelios Haji-Ioannou, the carrier’s founder, for the budget airline to boost its dividend, just days before HE plans to stage a protest over its pay-out policy.
  • The Sunday Telegraph: Online gambling company 888 is seeking the go-ahead from regulators to promote its chief operating officer to become its new boss.
  • Mail on Sunday: Small and medium-sized companies are struggling to survive under the burden of a huge rise in business rates while the Treasury’s income from corporation tax has fallen, according to the Confederation of British Industry.
  • The Sunday Telegraph: Jailed Libor fraudster Tom Hayes is thought to be considering a new appeal in a bid to overturn his conviction.

Share tips, comment and bids

  • The Sunday Telegraph: Morrisons’ online tie-up with Ocado is coming under fresh pressure as the supermarket chain attempts to loosen the ties between the two companies.
  • The Sunday Telegraph (Comment): As the world economy again flirts with recession, prepare for years to come of zero interest rates.
  • The Observer (Comment): The world’s most hated company: can NGOs help turn Shell’s reputation around?

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