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Tuesday Papers: Vodafone and Liberty Global announce Dutch tie-up

And UK would be a 'better place' if it left the European Union, claimed Toscafund, one of London's biggest hedge funds.

 
Tuesday Papers: Vodafone and Liberty Global announce Dutch tie-up

Top stories

  • The Daily Telegraph: Vodafone has agreed a deal with US cable giant Liberty Global to merge their Dutch operations.
  • The Daily Telegraph: Britain would be a “better place” if it left the European Union, according to one of London's largest hedge funds, said Toscafund, adding that the UK had nothing to fear if it exited the bloc, as it would free the country from Brussels' repeated power grabs.
  • Financial Times: Ben van Beurden, chief executive of Royal Dutch Shell, predicted on Monday that oil prices would rebound this year to levels that allowed production in Brazil’s ultra deepwater fields to break even.
  • Financial Times: Reckitt Benckiser, the consumer goods group, defied the slowdown in emerging markets to beat expectations for 2015 and said it was confident of further growth, despite warning of “tough” economic conditions ahead.
  • Financial Times: The British government has found itself at the centre of a battle between Israel and Palestinian campaigners, after saying it would punish local councils who boycott Israeli goods.
  • The Independent: HSBC could switch up to 1,000 jobs to Paris if Britain votes to exit the EU in the forthcoming referendum.

Business and economics

  • Financial Times: Mario Draghi said the European Central Bank was “ready to do its part” to make the eurozone more resilient, in the latest indication that it could unveil further stimulus measures next month.
  • Financial Times: Tension between Russia and Turkey has reached a new peak as the two countries step up military action in Syria in support of opposing sides, edging closer to direct confrontation in the country’s increasingly internationalised war.
  • Daily Mail: Gold faltered as panic subsided and FTSE rose 2% but analysts don't expect the good times to last until Friday.
  • The Guardian: The mining giant Anglo American Plc’s debt has been downgraded further into junk territory by Moody’s, which cited a deterioration in commodities market conditions and doubts over how long it will take the company to reduce debt levels.
  • Financial Times: The chief executive of Europe’s largest asset manager has described the sell off in banking stocks as “completely irrational” - and dismissed fears that sliding share prices could trigger a repeat of the Lehman Brothers collapse.
  • Daily Mail: The boss of Hornby has been driven out of his job after less than two years following the latest share price collapse and profits warnings at the model train maker.
  • Daily Mail: Alliance Trust, the 128-year old investment giant, confirmed it has been ‘mutually agreed’ that Katherine Garrett-Cox, will stand down as chief executive of its fund management arm.
  • Financial Times: Germany’s largest listed property group, Vonovia, which last week failed in a hostile €14 billion takeover of its rival Deutsche Wohnen, has announced the departure of the deputy chairman of its management board, Thomas Zinnöcker.
  • The Guardian: Potential boardroom changes at HSBC have been brought into focus following Britain’s biggest bank’s decision to remain in the UK rather than return its headquarters to Hong Kong.
  • Financial Times: Shares in SoftBank soared as much as 15.2% in early trade on Tuesday morning, after the Japanese telecoms group announced a $4.4 billion share buy back on Monday.
  • Daily Mail: Budget supermarket Aldi announced today it is opening 80 new stores across the country this year as its appeal to savvy shoppers shows no signs of slowing down.
  • The Guardian: Almost 1,400 retail jobs have been saved after the private equity firm Alteri that put the discount shoe chain Brantano into administration bought it back.
  • Financial Times: Etihad Airways has been busy forging its own airline alliance by buying stakes in regional carriers but the Abu Dhabi-based company’s bold plan to fill its aircraft with partner airlines’ passengers is coming under threat in both Europe and the US, where rivals are complaining of unfair competition from fast-growing Gulf carriers.
  • The Daily Telegraph: VW scandal highlighted 'complacency' in auto industry and the scandal has failed to spur awareness of concerns about emissions, claimed responsible investment campaigners.
  • The Guardian: A long-distance cargo train has travelled from China to Iran as part of an attempted revival of the ancient Silk Road, a trans-Asian trade route connecting the east to Europe and the Mediterranean Sea.
  • The Guardian: Japan’s economy shrank at an annualised rate of 1.4% in the last quarter of 2015, new figures showed on Monday, dealing a further blow to attempts by the Prime Minister, Shinzo Abe, to lift the country out of stagnation.

Share tips, comment and bids

  • Daily Mail: Shell shareholders questioned whether company can dispose of £30 billion in assets following merger with BG Group.
  • Financial Times: The Hut, the online marketplace backed by some of the biggest names in British retail, has secured private funding of at least $200 million for acquisitions as it looks to expand its presence in health and beauty.
  • Financial Times: Freeport-McMoRan is selling a stake in an Arizona mine for $1 billion, in a sign of the indebted US copper miner’s urgent need to shore up its balance sheet to respond to the commodities price rout.
  • Financial Times: Melrose Industries is preparing to end a hunt for its first big acquisition in more than three years as the British engineering group attempts to clinch a deal for up to £4 billion.
  • Financial Times (Comment): Verso’s demise shines spotlight on distressed debt gambits.
  • Financial Times (Lex): Hammerson: winner takes mall.
  • Financial Times (Lex): HSBC: eastern promises.
  • Financial Times (Lex): Reckitt Benckiser: cleaning up.
  • Financial Times (Lex): China: New Year cheer.
  • Financial Times (Lex): Twitter: rubbing the right way.

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