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Sunday Papers: Tesco takes the Christmas crown in festive retail wars

And Bitcoin futures investors set to suffer losses as cryptocurrency fever fades.

Sunday Papers: Tesco takes the Christmas crown in festive retail wars

Top stories

  • The Sunday Telegraph: Tesco is expected to take the Christmas crown in the grocery wars this week as Britain’s biggest retailer reveals its best festive trading for six years.
  • The Sunday Telegraph: Wall Street investors are nursing heavy losses on Bitcoin-linked investments as the first monthly futures contracts expire.
  • The Sunday Times: New Look’s precarious finances are set to come under more pressure after the withdrawal of credit insurance to many of its suppliers.
  • The Sunday Times: Taxpayers will help prop up ailing rail franchises under plans to encourage more companies to bid for routes.

Business and economics

  • The Observer: Up to £70 million will have to be diverted from developing new cancer drugs in order to prepare for the impact of Brexit, Britain’s biggest maker pharmaceuticals of has warned.
  • The Sunday Times: A powerful committee of MPs is to investigate the collapse of wholesaler Palmer & Harvey (P&H), which one senior politician has likened to the BHS scandal.
  • The Sunday Times: Investors should buckle up for a bumpier ride and not expect a repeat of last year’s returns despite a stellar start to 2018 for stock markets, according to one of the world’s most prominent investors, Mohamed El-Erian, chief economic adviser at Allianz.
  • The Sunday Times: Bloor Holdings, the Derbyshire company behind Triumph motorbikes and Bloor Homes, grew profits almost 50% to £185 million in the year to the end of June, while turnover leapt 26% to £1.4 billion.
  • The Sunday Telegraph: Sales at Dave Whelan Sports Ltd jumped nearly a third to £203 million after scooping up more than 60 gyms under the Fitness First brand, however, the company swung from a £3.6 million pre-tax profit to an £8 million loss during the year to March 2017 as a result of costs associated with takeover.
  • The Sunday Times: Marks & Spencer is expected to lift the lid on the volatile state of high street trading this week when it reports a substantial drop in fashion and furniture sales.
  • The Sunday Times: Small companies have quietly been cut off from a key European fund that encourages financial institutions to lend to them, in a sign Brussels is closing the door early on some of its funding of UK businesses.
  • The Sunday Times: The embattled builder Carillion could be bailed out by the government as it runs out of road with its lenders.
  • The Sunday Telegraph: Thomas Heatherwick, the man behind London 2012’s Olympic Cauldron and the capital’s controversial New Routemaster buses, is set to receive a payout of at least £2.6 million despite falling profits at his design company.
  • The Sunday Times: A British advertising agency is suing Uber over $19 million (£14 million) in unpaid bills, raising the stakes in a year-long row.

Share tips, comment and bids

  • The Sunday Times: The Italian owner of Aston Martin has bought an upmarket furniture company co-founded by Samantha Cameron’s mother Lady Astor.
  • The Sunday Times: Tension is mounting between Capital & Counties and the London borough of Hammersmith and Fulham amid speculation a Saudi predator is circling the property developer; the FTSE 250 company is reportedly in the sights of Olayan Group, a Saudi investment firm.
  • The Sunday Times: Chinese internet giant Tencent is eyeing a tie-up with a Burmese social network listed in London; the owner of the WeChat messaging app has held talks with MySQUAR about commercial partnerships and a potential investment, according to Asia-based bankers.
  • The Observer (Comment): Shares have gone through the roof: could they possibly go even higher?
  • The Sunday Telegraph (Comment): Brexit offers the chance to positively reshape our immigration policies.
  • The Sunday Telegraph (Comment): Planets align for deal boom as nations set sights on overseas riches.

2 comments so far. Why not have your say?

steven fieldfare

Jan 07, 2018 at 11:47

Far from taking the Crown, I thought Tesco Christmas trading had become something of a turkey. Ho Ho Ho.

GSK's forecast of a £70M hit from Brexit on cancer drug research seems scaremongering of the worst sort; given exit terms are unknown. Perhaps more reflective of a school boy mentality in the Boardroom.

report this


Jan 07, 2018 at 16:35

Thought exactly the same about GSKs comment. Very unsubtle & as if 70m is a lot to a company like GSK anyway!

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