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Sunday Papers: Stampede into stock markets may signal end of bull run

And former Carillion bosses to give explosive testimony to MPs and try to pin blame on Qataris.

Sunday Papers: Stampede into stock markets may signal end of bull run

Top stories

  • The Sunday Times: Investors poured their cash into global stock markets at a record rate in January, a sign of exuberance that has raised fears that last week’s wobble on Wall Street could be the start of a bigger sell-off.
  • The Daily Telegraph: Zafar Khan, Carillion’s former finance chief, is preparing to give explosive testimony to MPs on Tuesday shining a light on how spiralling debts and missed payments by its clients took down the company.
  • Mail on Sunday: Property mogul Vincent Tchenguiz has lost control of a string of Hilton hotels after the investment vehicles that own them fell into administration with £250 million of debt.
  • The Sunday Telegraph: The Bank of England is expected to hold interest rates this week – but savings rates and the costs of mortgages could rise anyway as a cheap source of bank funding is cut off.
  • The Sunday Times: A savage sell-off of cryptocurrencies has wiped out more than £280 billion of paper profits in just four weeks, leading to warnings of further investor pain.
  • Mail on Sunday: Britain's biggest Government contractors have lost billions of pounds in value since the summer amid increasing concerns about their financial stability.

Business and economics

  • The Sunday Telegraph: Sachem Head, an activist hedge fund, is pushing for an aggressive break-up of Whitbread, which would leave the company loaded with debt, with scores of its properties sold off and the proceeds returned to shareholders in a move reminiscent of the private equity deal boom that preceded the financial crisis.
  • The Observer: Contractors hit by the collapse of Carillion will be able to apply for government-backed loans from high-street lenders as part of a £100 million support package.
  • The Sunday Times: Royal London Asset Management, a leading Capita shareholder, has attacked the embattled outsourcing giant for flouting corporate governance rules, and claimed its current crisis was “preventable”.
  • Mail on Sunday: Department store John Lewis has clashed with fashion brands it has hit with a charge for each item sold on its website – and slapped on another fee if the item is later returned by shoppers.
  • The Sunday Telegraph: Short-sellers are ramping up their bets against struggling defence outsourcer Babcock amid concerns of a funding black hole and shares in other government contractors collapsing.
  • The Sunday Telegraph: New Look is expected to unveil a widening of losses alongside plunging Christmas sales, exacerbating the chain’s financial problems.
  • The Sunday Telegraph: Sainsbury’s is severing its ties with petrol station operator EuroGarages, culling a trial of stores on forecourts in a blow to the grocer’s ambitions in the convenience market.
  • The Sunday Times: Glencore is facing a $250 million (£177 million) hit from a looming windfall tax on cobalt - a key component of the rechargeable batteries that power electric cars.

Share tips, comment and bids

  • The Sunday Telegraph: Royal Dutch Shell has struck a stumbling block in its march into the European power sector over plans to pluck a Dutch utility Eneco from public ownership.
  • The Sunday Telegraph: GKN’s chances of fending off a hostile takeover bid have been dealt a blow amid concern among major customers about the company’s track record of delivering on large contracts.
  • The Sunday Times: Soho House, the private members’ club chain, is considering a $2 billion float in New York.
  • The Sunday Telegraph (Comment): Ministers delude themselves over a bespoke deal as EU hardens stance.
  • The Observer (Comment): Whoever wins the argument over wages growth will likely win the next election.
  • The Observer (Comment): Ducking and diving on infrastructure won’t drag us into the 21st century.

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