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Sunday Papers: Shire on alert after Takeda's bid

And Twitter bots were found to be manipulating stock markets as fake news spreads to financial sector.

Sunday Papers: Shire on alert after Takeda's bid

Top stories

  • The Sunday Times: Investors are pressuring the Shire board to seek alternative buyers after Takeda revealed last week it was considering an approach for the FTSE 100 rare disease specialist.
  • The Sunday Telegraph: Twitter bots are spreading fake news online that drove shares in FTSE 100 companies up or down for short periods, effectively moving markets, a major study has revealed.
  • The Sunday Telegraph: Government's intervention could force Melrose to make tough new commitments on the future of GKN; the turnaround specialist could have to agree to a legally binding undertaking that requires it to hold on to GKN’s cherished aerospace arm for a minimum of five years.
  • The Sunday Telegraph: The former chief of Wall Street giant Merrill Lynch, John Thain, has joined Deutsche Bank's supervisory board as pressure mounts on the troubled German lender’s boss John Cryan.
  • Mail on Sunday: Deutsche Bank is reportedly trying to get former UBS wealth management chief Juerg Zeltner on board to succeed embattled boss John Cryan.

Business and economics

  • The Sunday Telegraph: Personal fortunes of Silicon Valley tycoons Mark Zuckerberg, Jeff Bezos and Elon Musk have plunged by billions of dollars after a backlash sent technology stocks spiralling.
  • The Observer: US President Donald Trump has called Amazon’s business deal with the US Postal Service a money-losing agreement, in a further attack on the online retailer on Twitter.
  • The Sunday Times: Magmatic, which was founded 12 years ago by entrepreneur Rob Law and is best known for its ride-on luggage for children Trunki, swung back into profit last year after a surge in international sales.
  • The Sunday Telegraph: Kenes Rakishev, the Kazak investor who took a 22% stake in the mining company Petropavlovsk last year, called on the board to revive deals scrapped last year and embarks on an acquisition spree.
  • Mail on Sunday: Building society group Skipton has paid its chief £1,012,000 in remuneration last year.
  • The Sunday Telegraph: Some Wall Street hedge funds have struck an 11th hour deal to rescue stricken UK satellite operator Avanti Communications.
  • The Sunday Times: PwC, which is handling the winding up of the failed construction giant Carillion, is slapping surcharges of more than 20% on to contracts agreed to by the defunct outsourcing company exerting pressure on cash-strapped councils and private finance initiative investors.
  • The Sunday Times: Likelihood of Roll-Royce splitting its marine engines business from its aircraft engines core has increased as the company agreed to let the American activist investor ValueAct speak freely about the aircraft engine giant’s strategy.
  • Mail on Sunday: Companies like AstraZeneca, Amazon, store chain John Lewis, British Gas owner Centrica and fast food chain McDonald’s are concerned that Brexit will make then move head offices out of the country leading to loss of thousands of jobs, supply disruptions and many more in a confidential report.
  • The Sunday Times: Barclays is planning a multimillion-pound share buyback after its last week’s claims settlement of $2 billion with the US Department of Justice was much smaller than expected, leaving the lender with extra cash to give back to investors.
  • The Sunday Times: House of Fraser’s Chinese shareholder has Sanpower Group, controlled by Yuan Yafei, promised to inject more than £30 million to ease the department store chain’s strained finances; it provided £15 million last week to help meet payments to concessionaires and landlords.
  • The Sunday Times: TMO Renewables’ administrators are suing the former Tory minister Tim Yeo and four ex-colleagues for £20 million, accusing them of breaching their duties and misleading investors before the energy developer’s failure.
  • The Sunday Times: Lucy Burnford – the founder of car maintenance website Motoriety – and a former AA employee is suing the breakdown recovery company for unfair dismissal and sex discrimination.
  • The Sunday Times: No-frills airline Ryanair has revealed that it pays its male staff in the UK more than three times as much as their female colleagues.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): Primary Health Properties can boost the nation’s health...and your wealth.
  • The Sunday Telegraph (Questor share tips): Solid foundations mean it’s too soon to call time on pub firm Greene King.
  • Mail on Sunday: Flooring tycoon Lord Harris of Peckham, who founded Carpetright chain 30 years ago, is trying to buy 100 of the embattled carpet retailer's stores.
  • The Sunday Telegraph: Wesfarmers, the Australian owner of struggling DIY chain Homebase, is scouting for potential buyers just two years after a dismal £340 million takeover.
  • The Sunday Times: Molson Coors, the North American brewing giant that makes Carling and Cobra lagers, has launched a bid to buy all or part of Conviviality Retail, the stricken owner of the Bargain Booze chain.
  • The Sunday Times: BMI Healthcare, Britain’s biggest chain of private hospitals, is seeking buyers after its South African owner failed to slash its rent bill.
  • The Sunday Times: BBA Aviation is inviting buyers for its engine repair and overhaul business, with a price tag of as much as £300 million.
  • The Sunday Telegraph: An Israeli investment and cryptocurrency trading start-up eToro is eying London listing.
  • The Sunday Telegraph (Comment): Political posturing must not kill GKN deal.
  • The Sunday Telegraph (Comment): Why it's make or break for Tesla as Model 3 deadline looms.
  • The Sunday Times (Comment): Fulcrum plugged in to electric car boom.

1 comment so far. Why not have your say?


Apr 01, 2018 at 10:36

"Carillion... slapping surcharges of more than 20% on to contracts agreed to by the defunct outsourcing company..." Despite being the second biggest, guess we now know how much it was undercharging by. Should be positive for the contractors and services companies left standing.

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Friday Papers: BoE might not hike rates next month

by Himanshu Singh on Apr 20, 2018 at 04:56

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