- Financial Times: UK Prime Minister Theresa May is expected to get the green light from ministers on Monday to increase her Brexit “divorce bill” offer, narrowing the gap with the EU’s €60 billion estimate in a bid to break the deadlock in talks with Brussels.
- The Times: Retailers are braced for the most disappointing final two months of the year since 2012 as shop sales shrink and growth in online sales slows, according to a report from Visa UK.
- The Daily Telegraph: The week’s haul at Christie’s and Sotheby’s topped $1.5 billion, with Asian buyers snapping up Monets; it screams late-cycle liquidity, recalling Japan’s impressionist fever in the late Eighties before the Nikkei collapsed and the bottom fell out of the art market.
- The Times: Companies should face punitive fines for falsely classifying workers as self-employed and denying them benefits such as holiday pay, a guaranteed minimum wage and pensions, under proposals by MPs to crack down on abuses of the gig economy.
- Financial Times: Eight of the world’s largest banks are set to discuss financial settlements with the European Commission, drawing a line under a four-year probe into allegations they formed a cartel to rig the $5.3 trillion global foreign exchange market.
- Financial Times: ConocoPhillips, the largest US exploration and production company, has ruled out investing in projects that need an oil price of $50 or higher to make a profit, as it attempts to raise shareholder returns after years of poor profitability.
- Financial Times: Robert Mugabe, the man who has presided over Zimbabwe for nearly 40 years, defied calls to step down as head of state on Sunday night after earlier being sacked as leader of the ruling Zanu-PF party.
Business and economics
- Financial Times: The world’s biggest companies will spend tens of millions of dollars to meet new EU data protection laws by next May’s deadline, according to a survey that shows the costs of meeting some of the world’s toughest privacy rules.
- The Times: Dividends are growing at their fastest for three years with companies around the world forecast to pay out a record $1.25 trillion to shareholders this year.
- The Daily Telegraph: The Government looks to have given a rival bid to develop Heathrow’s third runway a lift after stating for the first time it welcomed competition in the construction of the nation’s airports.
- Financial Times: Natixis launched new targets for its strategic plan on Sunday, with the French investment bank looking to take advantage of the strides it has made restructuring its business since the financial crisis.
- The Times: Hyperoptic, broadband company backed by George Soros, the billionaire financier, is working with 100 of Britain’s biggest property developers, including Barratt, Berkeley Homes and Crest Nicholson, to lay high-speed connections to newly built houses and flats.
- The Times: Wizz Air, the carrier responsible for opening up routes for eastern European migrant workers to Britain and building UK trade links with countries behind the former Iron Curtain, is to increase its presence in the London aviation market significantly.
- Financial Times: Fintech group Glint has teamed up with Lloyds Banking Group in the UK and MasterCard to create an app that enables people to load credit in various currencies, which can then be used to buy a portion of a physical gold bar.
- Financial Times: Ermenegildo Zegna, the Italian men’s luxury group, is hoping to lure a new generation of millennial-minded businessmen for whom the suit and tie risk becoming outdated, with the launch of a “wash and go” luxury merino wool suit this month.
- Financial Times: Wood, the oilfield services group newly enlarged by its £2.2 billion takeover of Amec Foster Wheeler, is bracing for a showdown with shareholders over a proposed 25% pay increase for its chief executive.
- Financial Times: Bain & Company has appointed its first Asian leader in the consultancy’s 44-year history after electing Manny Maceda as the firm’s new global managing director.
- The Daily Telegraph: Around 28,000 pensioners who used to work at Carillion could end up owning a stake in the construction company under plans to keep it afloat.
- Financial Times: Legal & General is targeting acquisitions in the US as it takes aim at the world’s biggest insurance market and one of the most difficult regions for European companies to crack.
- Financial Times: Banking app Monzo is planning to launch one of the UK’s largest crowdfunding efforts next year to give customers in the fast-growing bank what it calls “a greater share of ownership”.
Share tips, comment and bids
- Daily Mail (Trader tips): BUY payment services provider SafeCharge; SELL GKN.
- The Times: A little known London hedge fund Tages Capital has played a pivotal role in the first rescue of an Italian bank Banca Carige without state intervention since the country’s bad debt crisis started three years ago.
- The Times: Boku, an American company that allows people to pay for digital goods and services by charging the cost to their mobile phone bills, will become the latest in a wave of fintech companies seeking to go mainstream when it is admitted to trading on the London Stock Exchange’s Aim market today.
- The Guardian (Comment): As Norway sells out of oil, suddenly fossil fuels are starting to look risky.