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Monday Papers: Hopes for peace summit with North Korea revived

Monday Papers: Hopes for peace summit with North Korea revived

Top stories

  • The Times: The leaders of North Korea and the US have revived the prospect of conducting summit meeting next month, three days after the US President Trump called off the engagement.
  • The Daily Telegraph: A UK Government review is considering a full competition investigation of Google and Facebook over their dominance of the digital advertising market.
  • Financial Times: US is pressing China to enter into multiyear contracts to buy American agricultural and energy imports as part of a broader trade deal.
  • Financial Times: US is pressing China to enter into multiyear contracts to buy American agricultural and energy imports as part of a broader trade deal.
  • The Guardian: High street landlords have increased resistance against struggling businesses' company voluntary arrangements that force the property owners into agreeing to lower rents to help a tenant avoid financial collapse.

Business and economics

  • Financial Times: The four new biggest hedge funds launched by better known managers have attracted more than $17 billion compared to the $13.7 billion that investors have put in existing funds.
  • Daily Mail: Market value of the online grocer Ocado has increased to £5.8 billion, making it valuable enough to join the ranks of the UK’s biggest listed companies in a FTSE 100 reshuffle on Wednesday.
  • The Guardian: Shareholders in the gambling company GVC, that owns Ladbrokes Coral and Foxy Bingo, are being advised to vote against the “excessively disproportionate” £67 million paid to two of its bosses in the upcoming annual meeting.
  • The Daily Telegraph: Hema, the largest furnishings and housewares chain in the Netherlands, and Williams-Sonoma, one of the biggest kitchenware and furnishings store companies in the US, are planning to open dozens of new stores in the UK, boosting the struggling high street.
  • Daily Mail: J Sainsbury’s chief executive Mike Coupe has admitted that a small-number of managerial jobs will be slashed as part of its £14.1 billion merger with Asda.
  • The Daily Telegraph: Job of FirstGroup CEO Tim O’Toole is hanging in balance after the transport company announced first fall in profits in five years which comes after the company's rejection of two bids from private equity firm Apollo.
  • The Times: Customers may have to face higher cost due to technical problems with the government’s £11 billion smart meter rollout, a leaked energy industry document warns.
  • Financial Times: Howard Marks, founder of Oaktree, has warned that lowered standards over investment choices of private equity groups will lead to lower returns.
  • The Daily Telegraph: Hopes of a summer interest rate hike is waning as economists have slashed their forecasts for price rises, reducing the scope for the Bank of England to step in to raise interest rates.
  • The Guardian: More than a million cars in Australia with potentially deadly Takata airbags have been added to a recall list by the consumer watchdog.
  • Financial Times: Polyus, Russia’s biggest gold producer, has still not been able to recover from the effects of US sanctions.
  • The Times: Julian Richer, founder of Richer Sounds, the hi-fi chain, is launching Taxwatch to help to fix Britain’s “broken” tax system, exposing people and companies that avoid paying tax.
  • Financial Times: Chinese regulators have appointed CICC and UBS to advise on winding down the government holding in Anbang Insurance.

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