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Sunday Papers: Investors use crisis to force WPP overhaul

And politicians and public expressed anger over more number of European firms lining up to bid on Britain's rail franchises.

 
Sunday Papers: Investors use crisis to force WPP overhaul

Top stories

  • The Sunday Times: Shareholders are using the leadership crisis at WPP to step up their campaign for deep-seated change at the advertising giant, starting with offloading its £3.5 billion market research division.
  • The Sunday Telegraph: UK rail operators owned by European governments are lining up to bid for more franchises, which is likely to give rise to a new wave of anger from politicians and the public.
  • The Sunday Times: In a bid to survive brutal trading conditions on the high street, Mothercare is considering closing loss-making stores and slashing rents.
  • The Sunday Telegraph: British banknote printer De La Rue has roped in top lawyer Slaughter and May to contest the Government’s decision to let a Franco-Dutch rival make the country’s new blue passports after Brexit.

Business and economics

  • The Sunday Times: Investment banks including Citigroup and Credit Suisse could be forced to sever ties with Oleg Deripaska and six other oligarchs who were slapped with sanctions by the US government.
  • Mail on Sunday: American Airlines has purchased 47 787 Dreamliners from Boeing in a $12 billion deal, cancelling a major agreement with rival Airbus for 22 A350s.
  • Mail on Sunday: Posh maternity and babywear brand Jojo Maman Bebe has recorded increase in profit by 6.8% to more than £3.9 million defying the gloom on the High Street.
  • The Sunday Times: JP Morgan has denied any wrongdoing in the 2011 oil deal in Nigeria that has sparked a $875 million lawsuit.
  • The Sunday Telegraph: Facebook has taken strict measures to thwart foreign attempts to influence elections, ahead of Mark Zuckerberg’s Congressional appearance.

Share tips, comment and bids

  • The Sunday Times: Britain’s biggest nightclub operator Deltic, which has more than 50 venues under brands including Pryzm and Atik, has reignited its plans to float after abandoning a stock offering last year because of challenging trading conditions.
  • The Sunday Times: Tesco boss Dave Lewis will have to convince the City on Tesco’s future profitability and the benefits of its merger with the wholesaler Booker when it reports a £1.6 billion annual operating profit this week.
  • The Sunday Telegraph: Rathbone Brothers and Permira are locked in a takeover battle for the Scottish stockbroker Speirs & Jeffrey.
  • The Sunday Times: Irish start-up Drop has agreed on a deal with Kenwood to connect its kitchen appliances to the internet.
  • The Sunday Times: Controversial healthcare tycoon Chai Patel has asked bankers at NM Rothschild to find a buyer for Care Management Group.
  • The Sunday Times: An exhibition business put up for sale by the owner of Retail Week and the Cannes Lions advertising festival is likely to get a £300 million bid from Events organiser ITE.
  • The Observer (Comment): What is the Donald Trump v Jeff Bezos feud really about?
  • The Observer (Comment): How a US-China trade war would hurt us all.
  • The Sunday Telegraph (Comment): After Mark Carney leaves, who will be the next governor of the Bank of England?

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