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Sunday Papers: Tories give Theresa May 10 days to ‘shape up’

And Jaguar Land Rover to hire 5,000 extra staff in major vote of confidence for UK industry.

Sunday Papers: Tories give Theresa May 10 days to ‘shape up’

Top stories

  • The Sunday Times: Theresa May has 10 days to save her premiership after she was put on notice to “shape up” and show she is fit to lead.
  • The Sunday Telegraph: Jaguar Land Rover is drawing up plans to hire an extra 5,000 engineers and technical staff in the next 12 months in what will be seen as a major boost to the UK economy ahead of its departure from the European Union.
  • The Observer: Sainsbury’s is closing in on a £130 million deal to acquire the convenience chain Nisa as the industry rushes to consolidate following Tesco’s £3.7 billion swoop on rival Booker.
  • The Sunday Times: Britain’s top business lobby groups have united to demand open-ended access to the European single market - for as long as it takes to seal a final Brexit deal.
  • The Sunday Telegraph: Donald Trump will fail to double America’s growth rate as he grapples with Congress and long-term challenges that will raise the country’s debt pile, according to Standard & Poor’s.

Business and economics

  • Mail on Sunday: Fears are growing of a recruitment crisis for British business in the event of a hard Brexit with almost half of companies reporting a drop in the number of EU nationals applying for jobs.
  • The Sunday Telegraph: The City’s biggest banks are contemplating stepping up their lobbying attempts amid hopes of guaranteeing a softer Brexit in the wake of the hung parliament.
  • The Sunday Times: A bailout deal for two struggling Italian lenders is expected to be given the nod by the European Commission this week; Veneto Banca and Banca Popolare di Vicenza need a total of €6.4 billion (£5.6 billion) as they attempt to offload toxic debts from their books.
  • The Sunday Telegraph: Pallinghurst Resources, the South African private equity fund that is trying to take control of ruby and emerald miner Gemfields, neglected to declare that its chairman was censured by a court for breaching his fiduciary duties.
  • The Sunday Times: The rescue of the troubled Co-operative Bank could be scuppered by a row over its pension deficit as a clutch of hedge funds orchestrating a bailout of the lender are at loggerheads with the Co-op Group over guarantees of retirement benefits for workers.
  • The Sunday Telegraph: Fears about a slowdown in consumer spending are threatening the sale of a string of British businesses as buyers take fright at the recent shock profit warning from DFS.
  • The Sunday Times: Barclays could be hit with criminal charges this week over its Gulf-backed emergency fundraising in 2008.
  • The Sunday Times: Energy suppliers should not be allowed to keep customers on pricy standard variable deals indefinitely, the boss of British Gas’s owner has said.

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3 comments so far. Why not have your say?

Cynical Investor2

Jun 18, 2017 at 09:28

Theresa May is between a rock and a hard place and is possibly one of Life's people who do not get any Luck. Unless the Conservatives rally around her( for how ever long it takes), or she is replaced by a Leader who has charisma and skills, the Nation is looking at an abyss. The Labour Party, true to form, can appeal to those easily persuaded by the promise of Jam today and Tomorrow, however they do not have a clue about Financial Management.

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Jun 18, 2017 at 09:55

The way the Conservative Party are behaving they are in self-destruct mode. The trouble is that not only will they self-destruct but they will allow the Corbynistas to take over, possibly in the non-democratic way of mob rule.

Support PM May or face the awful consequences of Trades Union rule is the only present option.

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Dennis .

Jun 18, 2017 at 09:58

President Bush once said that being President is easy as you are surrounded by people giving you good advice, the problem is choosing which advice to follow. Theresa May appears to have some poor advisors and is incapable of seeing it. Can you imagine how Alastair Campbell would have handled the recent fire tradegy?

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The Accumulator: FTSE see-saws on trade war fears

by Michelle McGagh on Jun 22, 2018 at 14:57

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