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Sunday Papers: Carillion bosses make last-ditch plea

And Wall Street raider Carlyle eyes swoop as GKN battle heats up.

 
Sunday Papers: Carillion bosses make last-ditch plea

Top stories

  • The Sunday Telegraph: Bosses at Carillion have appealed for a state-backed rescue, telling ministers that its survival rests on a bail-out of the firm’s most troubled contracts.
  • The Sunday Times: American buyout giant Carlyle is weighing an audacious counter-bid for the embattled plane and car parts maker GKN.
  • The Sunday Telegraph: An earthquake triggered by a giant Dutch gas field has rocked the UK’s gas market in a further threat to energy supplies that risks driving gas bills higher.
  • The Sunday Times: Surging oil prices are set to prolong the squeeze on household incomes this year, with economists expecting inflation to fall only gradually from its recent peak.

Business and economics

  • The Sunday Times: Google has invested millions of pounds in an Oxford University spinout that is developing a universal flu vaccine.
  • Mail on Sunday: Ryanair was yesterday accused by MPs of ‘fobbing them off’ over how much it pays its cabin crew.
  • The Sunday Times: A string of draws in Premier League football matches over the Christmas period is expected to have shored up profits at William Hill.
  • The Sunday Times: Asprey, which has supplied jewellery to the royal family since Queen Victoria, reported pre-tax losses of £19.1 million — one-third deeper than the year before, though sales over the period rose 63% to £35.9 million.
  • The Sunday Times: The vacuum cleaner manufacturer Dyson is embroiled in a legal battle with an American rival over whose product is more powerful; the British company has filed a claim at the High Court accusing Shark of misleading customers when comparing its cordless IF2 cleaners with Dyson’s V8 in TV and online advertisements.
  • The Sunday Telegraph: The man in charge of Britain’s railways - Mark Carne, the chief executive of Network Rail - is under pressure in Whitehall to step down, amid frustration about the slow pace of change and criticism of his £820,000 pay package.
  • The Sunday Times: The owner of British Airways has demanded that Heathrow be forced to sell Britain’s most expensive train service and focus on running the airport instead.
  • The Sunday Times: The buyout firm behind the Eat sandwich chain has pulled a £400 million fundraising and shown the door to a raft of senior staff.
  • Mail on Sunday: Major shareholders are in revolt over a ‘completely unjustified’ £630 million payout for housebuilding bosses; Persimmon has been under fire ever since it announced the bonus scheme, which is one of the biggest in UK business history.
  • The Sunday Telegraph: City law firm Hogan Lovells has been drawn into the growing corruption scandal in South Africa amid allegations it produced a “whitewash” report into claims of money laundering at a government agency.
  • The Sunday Times: The long-running battle between American technology giant HP and British software tycoon Mike Lynch will burst into the open again next month when the trial of Autonomy’s former finance director opens.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tips): Phoenix Group is poised to return to the acquisition trail.
  • The Sunday Times: Premier Foods is in talks to sell the soup and noodles brand Batchelors to its biggest shareholder Nissin Foods - a move that could trigger a gradual break-up of the debt-laden business.
  • The Sunday Telegraph: Bosses who found themselves on the Christmas retail losers list have spent more than a quarter of a million pounds of their own money trying to prop up share prices left ravaged by a flurry of profit warnings.
  • The Observer (Comment): Year of the disruptors: bitcoin, Tesla and the slow demise of cash.
  • The Observer (Comment): When it comes to negative gearing, this government prefers fiction to fact.
  • The Sunday Telegraph (Comment): Will the 'Trump bump' on stock markets boost the economy?

3 comments so far. Why not have your say?

stirrer

Jan 14, 2018 at 09:39

the profits of the builders suggests the price of houses should be controlled/drop

report this

Henry Wilson

Jan 14, 2018 at 10:04

Spread betters & options trading should be illegal this is the main cause of the collapse of the Carrlion share price the hedge funds walk away with fat profits 20000 lose their jobs shareholders loose their investments

All companies go through good & bad patches & under normal circumstances are able to deal with there problems all we have now is short term gain & to hell with the consequences how are we able to build a strong economy & companies when these practices are allowed to continue

report this

Gleaner

Jan 14, 2018 at 13:19

Got to agree Henry, RIP Carillion, death by hedge funds

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