Citywire for Financial Professionals

View the article online at http://citywire.co.uk/money/article/a892561

Sunday Papers: Soft drink giants prepare to sue over sugar tax

And Europe's markets will be at mercy of the US if London Stock Exchange merger fails, says Deutsche Boerse boss.

 
Sunday Papers: Soft drink giants prepare to sue over sugar tax

Top stories

  • The Sunday Times: Coca-Cola and other drink makers are poised to sue the government over George Osborne’s new sugar tax.
  • The Sunday Telegraph: Europe’s biggest financial markets would fall into American hands unless the London Stock Exchange succeeds in its bid to merge with Deutsche Boerse, the head of the German exchange has warned.
  • The Sunday Telegraph: Rolls-Royce is positioning itself as a “white knight” that could rescue Britain’s faltering nuclear power strategy and stop the UK’s lights going out.
  • The Sunday Telegraph: Thousands of steel workers at Tata’s giant Port Talbot site are braced for a “doomsday scenario”, amid fears that the company’s board may fail to back a plan to revive the ailing plant.
  • The Sunday Times: Britain's biggest drug company, GlaxoSmithKline, has waded into the debate over Britain’s membership of the European Union, saying that Brexit would not hammer its profits.

Business and economics

  • The Sunday Times: Lenders to two of the London’s market’s most prominent oil producers are lining up advisers ahead of talks to renegotiate the terms of their bulging debts.
  • Mail on Sunday: The French government is expected to agree the terms for a bailout for EDF this weekend so the energy firm can go ahead and start building the £18 billion nuclear power station at Hinkley Point in Somerset.
  • The Sunday Telegraph: It’s been “a year to forget” for Jimmy Choo, a highly rated broker cautioned, ahead of the luxury brand’s full-year results.
  • The Sunday Times: Former BP boss Tony Hayward plans to cash in on the slump in the price of crude by setting up an investment fund to buy distressed oil and gas assets.
  • Mail on Sunday: The Pensions Regulator is understood to be considering enforcement action to compel billionaire Sir Philip Green’s family or its retail business, Arcadia Group, to stump up at least £300 million to plug a pensions black hole at his former company, BHS.
  • The Sunday Times: Sandwich bar chain Eat is having to digest a meaty VAT bill after a long-running legal battle over the “pasty tax”.
  • The Sunday Times: Henri, Comte de Castries, who has run Axa since 2000, is the favourite to succeed Douglas Flint, who is standing down as head of the HSBC board next year.
  • The Sunday Telegraph: Britain should seize the opportunity to leave the European Union and forge trade ties with other nations, according to the co-founder of Hargreaves Lansdown.
  • Mail on Sunday: Profits have rocketed at the award-winning motorway services operator Westmorland after a year of expansion.
  • The Sunday Telegraph: Central banks cannot haul economies out of stagnation on their own, the OECD has warned.

Share tips, comment and bids

  • The Sunday Times: Petainer, which used to be owned by FTSE 100 stalwart Rexam, is expected to go public by the end of the month.
  • The Sunday Times: An investment vehicle controlled by oil tycoon Ayman Asfari snapped up a 10% stake in a beleaguered Syrian company days before last-ditch talks opened in Geneva to end the five-year civil war.
  • The Sunday Times (Comment): Fear of killing the brisk recovery paralyses Yellen.
  • The Sunday Telegraph (Comment): Central banks are already doing the unthinkable - you just don't know it.

2 comments so far. Why not have your say?

croppp

Mar 20, 2016 at 10:52

There is not enough tv and media coverage for people that back brexit .

Mr cameron is trying to force his will by giving high profile intervievs .this time with the independant newspaper .plainly the rattle in the tories tail is getting louder .

Other views from mr cameron .Mr cameron was surprised and puzzled by Mr Duncans Smith`s RESIGNATION .would mr cameron replace the entire british people if it would give him more obedience and power .

report this

Philmoco

Mar 20, 2016 at 11:58

Every food processing company's liquid or solid products should be taxed until proven to be good for us and totally without health risk ingredients initially, during or at the end of the manufacturing process.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: The sterling slump: what’s next?


After Boris announced he was backing Brexit, sterling suffered its biggest slump in six years. Our Market Mavens discuss. Follow the Market Mavens LinkedIn page for weekly videos, in which our panel of industry experts share their views on financial news

The Citywire guide to investment trusts

In association with Aberdeen Asset Management

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.

Read more...

David Kempton: 5 stocks I'm buying as EU vote looms

by David Kempton on May 24, 2016 at 17:15

Sorry, this link is not
quite ready yet