- Financial Times: China’s securities regulator has rejected more applications for initial public offerings this year than in the previous four years combined, as regulators block fundraising deals that undermine economic policy goals.
- The Daily Telegraph: Google is facing a new battle in Brussels as its opponents gear up to challenge the internet behemoth’s “inadequate” response to a record monopoly fine.
- Financial Times: Bitcoin mania has reignited a race to launch an exchange-traded fund in the US that would track the volatile cryptocurrency.
- The Times: Concerns have been raised about Poundland’s ability to continue sourcing goods after credit insurers reduced their cover for the retailer.
- Financial Times: Millennials and gig economy workers face a pension squeeze in retirement despite the latest government efforts to prepare the public for their old age, with more than a third of the workforce still under-saving.
- Financial Times: Netflix is widening the gap with its Hollywood-backed rival Hulu in the battle for viewers, researchers said, as Walt Disneymoves to take full control of the video streaming service through its 20th Century Fox acquisition.
- Financial Times: Brussels is set to launch an investigation into Ikea on Monday, as the EU widens the net in its four-year crackdown on aggressive corporate tax avoidance.
Business and economics
- The Guardian: The chairman of the London Stock Exchange, Donald Brydon, is expected to survive an audacious attempt by an activist investor to bring about an abrupt end to his two and a half years at the helm of the group.
- The Guardian: Britain’s banks have written to Theresa May and Philip Hammond warning that a Canada-style free trade agreement with the EU post-Brexit is not ambitious enough and that alignment with EU rules on finance is crucial.
- Financial Times: Barclays’ unpopular bet on investment banking seems to be paying off in the UK as the bank closes in on the top spot in the UK’s annual investment banking league tables for the first time since 2012.
- The Times: Average house prices in England and Wales are rising at the slowest pace in nearly six years as a downturn in London and the South East weighs on the national average.
- Daily Mail: Luxury department store Harvey Nichols has slumped to a £6.7 million loss after it ploughed millions into a revamp in a battle for super-rich shoppers.
- Financial Times: Teva, the Israeli drugmaker, plans to raise prices on a string of medicines in the US to help repair its ailing business — even as analysts warn that the move risks provoking a backlash among customers and politicians.
- The Daily Telegraph: Growing global tensions mean defence spending is about to hit its highest level since the Cold War peak of the Eighties; data prepared by IHS Markit Jane’s defence analysts forecast that arms spending will hit $1.67 trillion in the coming year – overtaking the recent high seen in 2010 of $1.63 trillion.
- Financial Times: Ministers have gone cold on the £1.3 billion project to build a tidal power lagoon in Swansea Bay, concluding that the “eye-wateringly” expensive project does not represent sufficient value for money for taxpayers.
- The Times: The City watchdog has been criticised by MPs over its “grossly inadequate” attempt to stop members of the British Steel pension scheme being taken advantage of by rogue advisers.
- The Daily Telegraph: The boss of wealth management giant St James’s Place (SJP) is to be named the chairman of horse racing-focused Weatherbys Bank as he prepares to step down from the FTSE 100 group.
- The Guardian: Amazon could face an investigation by the Advertising Standards Authority over complaints that its premium service is failing to deliver on time in the run-up to Christmas.
- The Daily Telegraph: The fate of Britain’s new breed of upstart energy suppliers hangs in the balance after a series of gas supply disruptions ripped through energy markets last week.
Share tips, comment and bids
- The Times: Nearly 100 companies have floated on the London Stock Exchange this year, marking one of the best 12 months for new listings in recent years.
- The Times: Venezuela has awarded licences to Rosneft, the Russian state-owned oil producer, to develop two offshore gasfields in the South American country, Rosneft said in a statement.
- The Times: Avesoro Resources was expected today to complete its acquisition of two gold mines in Burkina Faso that are poised to give the London-listed miner’s shares a boost.