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Sunday Papers: Next set to disappoint as high street struggles

And directors of the failed wholesaler Palmer & Harvey altered the terms of an interest-free loan for the company’s former boss.

 
Sunday Papers: Next set to disappoint as high street struggles

Top stories

  • The Sunday Times: Sluggish footfall and fierce discounting are likely to weigh on Next this week when it becomes the first retailer to report on Christmas trading.
  • The Sunday Times: Directors of the failed wholesaler Palmer & Harvey (P&H) altered the terms of an interest-free loan for the company’s former boss so it would not have to be repaid if P&H went bust.
  • The Sunday Times: The peer-to-peer lender Funding Circle is poised to hire advisers to prepare for a £1 billion-plus float next year.
  • The Observer: The consensus view among economists is that the global economy will put in a strong performance in 2018, carrying on its strong momentum from 2017.

Business and economics

  • Mail on Sunday: Troubled taxi app company Uber will have a board bigger than the United Nations Security Council after sealing a £6.7 billion deal with Softbank.
  • The Sunday Times: The family behind Sunspot Tours could be in line for a multimillion-pound cash payout after appointing advisers to work on a sale of the company.
  • The Sunday Telegraph: Investors have told Deutsche Bank’s under-pressure boss John Cryan that another set of disappointing results could trigger a management shake-up.
  • The Sunday Times: Big banks are charging some business customers more than 20% in interest — despite receiving billions in taxpayer support to ramp up lending, new research reveals.
  • The Sunday Times: The boss of Balfour Beatty has netted a further £1.5 million shares bonus for turning around Britain’s biggest builder.
  • The Independent on Sunday: Vauxhall slips to third place in UK car sales rankings, overtaken by scandal-hit Volkswagen; Vauxhall recorded a 22% year-on-year decrease in new car registrations in the first 11 months of 2017.
  • The Sunday Times: High Speed 2 has collided with more potential conflicts of interest after the merger of two engineers working on the £56 billion rail line.
  • The Observer: The first-ever shipment of Russian gas to the UK looks likely to head straight back out on another ship, disproving Moscow’s claims that Britain will be reliant on it for supplies this winter.
  • The Sunday Telegraph: Google launched a midnight attempt to disrupt the record £2 billion fine it was handed for monopoly abuse, EU documents reveal.

Share tips, comment and bids

  • The Sunday Times (Share Tips): Top share tips for 2018 - Oxford BioMedica; CityFibre; Balfour Beatty; William Hill; Apple; ITV; Faron Pharmaceuticals; Clipper Logistics; Lloyds Banking Group.
  • The Independent on Sunday: A total of 106 companies listed on the London Stock Exchange in 2017, raising £15 billion and marking a three-year high.
  • The Sunday Times: Data from the analyst Mergermarket shows 1,461 deals involving British companies were announced this year, close to the pre-crisis boom level of 2007; the dealmaking boom is expected to continue next year, the analyst said.
  • The Sunday Times: Gatwick’s private equity owners have reaped a £175 million dividend as speculation mounts over a sale of the airport.
  • The Sunday Times: Virgin is launching an accelerator programme for start-ups that want to raise more than £100,000 on platforms such as Crowdcube and Seedrs.

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