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Sunday Papers: German resistance grows to LSE merger

And Shell prepares North Sea sale after BG tie-up as the oil giant launches review of British assets in rush to meet $30 billion pledge.

Sunday Papers: German resistance grows to LSE merger

Top stories

  • The Sunday Telegraph: The London Stock Exchange’s merger with Deutsche Boerse is coming under fire in Germany, with politicians and industry veterans speaking out against the deal amid fears that Frankfurt’s status as a financial hub will be eroded.
  • The Sunday Times: Shell has quietly begun sounding out buyers for parts of its sprawling North Sea operations amid a slump that has seen the industry shed tens of thousands of jobs.
  • The Sunday Telegraph: Oil prices could rebound sooner than expected as smaller oil producing nations make deeper cuts to output than forecasts suggested.
  • The Sunday Times: Britain's trade deficit has ballooned because of jitters over the global economy and a slump in exports, figures will show this week.

Business and economics

  • The Sunday Telegraph: The wave of Chinese money seeking refuge in the West is provoking unease in the City as the country’s entrepreneurs and businessmen come under increased regulatory scrutiny in the UK.
  • The Observer: A report of drone sightings from the Federal Aviation Administration (FAA) shows that despite a new registration scheme, near misses between unmanned and piloted aircraft in the US are on the rise.
  • Mail on Sunday: The directors of auction house Sotheby’s in the UK have warned of declining prices in the art world due to falling demand, and an increase in costs.
  • Mail on Sunday: Premier Foods must pay £185 million into its pension fund over the next four years, sparking fears that the massive rise in costs may be too much for suitor McCormick to swallow.
  • The Sunday Telegraph: Short-sellers have cranked their bets against Halfords up a gear as the cycle chain works to revive its sales.
  • Mail on Sunday: Luxury handbag maker Aspinal of London has appointed new corporate financiers to find an investor to back international expansion plans.
  • The Sunday Times: The embattled jails-to-trains giant Serco has handed its boss a £2.2 million pay packet, despite another year of heavy losses.
  • The Sunday Times: GlaxoSmithKline risks sparking a pay row with investors over its plan to hand a “golden hello” worth up to £11 million to its next chief executive.

Share tips, comment and bids

  • Mail on Sunday (Midas Share Tip)United Cacao: a bitter taste for now, but cocoa grower should rise.
  • Mail on Sunday (Midas Share Tip)HealthCare Royalty Trust flotation catches a cold.
  • Mail on Sunday (Midas Share Tip)Charities Aid Foundation: charity bond gives income – and the feel good factor.
  • The Sunday Telegraph (Questor): Dairy Crest renewal depends on a new whey to reach export markets; Hold
  • The Sunday Times: America’s biggest buyout funds are preparing bids for Old Mutual’s £4.5 billion wealth management arm after the FTSE 100 financial giant outlined break-up plans earlier this month.
  • The Sunday Times: BHS is close to raising £55 million by selling the lease on its flagship London store on Oxford Street to Abu Dhabi’s ruling family.
  • The Sunday Times: The owner of Monarch Airlines is weighing a sale of the holiday carrier less than 18 months after rescuing it from collapse.
  • Mail on Sunday: Formula 1 motor racing could be about to get new owners after US private equity firm CVC was understood to have agreed a price for the sale of its controlling stake in the $8.5 billion (£6 billion) business.
  • Mail on Sunday: Inspiring Learning, which organises holiday activities and trips for thousands of British schoolchildren, could be about to change hands for up to £100 million.
  • The Sunday Times (Comment): Ashmore rally looks set to run out of steam.
  • The Sunday Telegraph (Comment): Let the LSE’s ill-matched union go no further.
  • The Sunday Telegraph (Comment): After a bumpy quarter, the EU vote promises yet more volatility.

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