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Sunday Papers: Short-seller WorldQuant eyes Sainsbury

And Saudis told to prop up currency amid global devaluation war fears as investors bet on collapse of the kingdom's dollar peg.

 
Sunday Papers: Short-seller WorldQuant eyes Sainsbury

Top stories

  • The Sunday Telegraph: WorldQuant, a giant hedge fund that was burnt by the surge in Home Retail shares last week, is now betting against J Sainsbury following its failed bid for the owner of Argos and Homebase.
  • The Sunday Telegraph: Saudi Arabia should use its massive foreign exchange reserves to defend the riyal, amid fears the world is descending into a new phase of global currency wars, the World Bank has said.
  • The Observer: Financial Conduct Authority chief Tracey McDermott has denied claims the City watchdog has gone soft on banks following the decision to drop its inquiry into banking culture.
  • Mail on Sunday: Shell's £36 billion offer for rival BG Group has received a boost after shareholder advisory group Glass Lewis is understood to have come out in favour ahead of the investors’ vote later this month.

Business and economics

  • The Observer: The US may have seen its two best years of job growth since the late 90s, but according to the labour secretary, Tom Perez, the American people still need a raise.
  • The Observer: Technology giants appeared to be open to helping the US government combat Islamic State during an extraordinary closed-door summit on Friday that brought together America’s most senior counter-terrorism officials with some of Silicon Valley’s most powerful executives.
  • Mail on Sunday: Official output figures this week are expected to reignite concerns that productivity growth in Britain is worryingly low.
  • Mail on Sunday: Global Radio, which owns stations including Capital, Heart and Classic FM, made a £35 million operating profit last year, though it reported a pre-tax loss of £37 million after paying interest on loans from its owners.
  • Mail on Sunday: Paypal Working Capital, the business lending arm of the online payments giant, has provided £690 million to small firms since launching in 2013.
  • Mail on Sunday: City experts are calling for the incoming chief executive at Marks & Spencer, Steve Rowe, to take a more revolutionary approach to turn it around after last week’s poor sales figures and the shock departure of its chief executive Marc Bolland.
  • The Sunday Telegraph: Apple is under pressure from mobile operators to make it easier for customers to switch between the iPhone and smartphones that use Google’s Android software, amid mounting fears over its dominance.
  • The Sunday Telegraph: ASSOS, the high-end cycling clothing brand, is to open its first flagship store outside Switzerland in St James’s Market.
  • The Sunday Telegraph: The boss of Asda has warned that Britain’s struggling supermarkets will face further challenges in 2016 as it fires the first salvo of the year in the industry’s savage price wars.
  • The Sunday Telegraph: Buyers of Jaguar’s new F-Pace car will have to wait up to nine months before they get behind the wheel in a sign of the model’s expected popularity.
  • The Sunday Telegraph: EDM Group, a British software company that puts exam papers online, allowing professors across the country to mark at the same time, has raised £100 million from BlueBay Asset Management and Lloyds Bank.
  • The Sunday Telegraph: The multi-millionaire owner of Wigan Athletic football club enjoyed a doubling of annual profits at his gym and retail empire last year.
  • The Sunday Telegraph: Britain should reduce the tax burden on struggling manufacturers to stem the “catastrophic” decline of UK industry, Jim Ratcliffe, boss of chemical empire Ineos has warned.

Share tips, comment and bids

  • The Sunday Telegraph: Wireless components specialist Laird is being sized up as a takeover target by bigger American rivals keen to take advantage of potential tax benefits and growth prospects for internet-connected cars in their home market.
  • The Sunday Telegraph (Comment): China’s giant threat to global financial stability.
  • The Observer (Comment): Is 2016 the year when the world tumbles back into economic crisis?

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Investment Trust Insider: the Trojan Horse issue!

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