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Monday Papers: Putin handed ultimatum over crash site

Monday Papers: Putin handed ultimatum over crash site

Top stories

  • Financial Times: Western leaders on Sunday night set an ultimatum for Vladimir Putin as the international outcry over the treatment of bodies from Malaysia Airlines Flight MH17 led to calls for Russia to be further punished over its role in Ukraine.
  • The Independent: RJ Reynolds, America’s second biggest tobacco company, has been ordered to pay $23.6 billion (£13.8 billion) in punitive damages to the widow of a cigarette smoker who died of lung cancer.
  • The Daily Telegraph: Formula One to get new owner by next year; Private equity firm CVC is nearing the end of its run as F1 owner.
  • Financial Times: At least 60 Palestinians, many of them civilians, were killed by Israeli tank shells, air strikes, or gunfire in the Gaza Strip’s largest city on Sunday.
  • Financial Times: American International Group has recovered more than $2 billion in settlements with banks over the soured mortgage bonds that helped push the world’s biggest insurer to the brink of failure during the financial crisis.

Business and economics

  • Daily Mail: Ex Co-operative chairman Len Wardle rejects reforms proposed by Lord Myners and lobbies members to resist changes.
  • Daily Express: BSkyB is expected to post a drop in annual profits on Friday as it invests in smart TV services and pays for Premier League football rights.
  • The Guardian: Vince Cable has announced plans to scrap a proposed sale of student loans, forcing a U-turn on the government's privatisation programme and potentially opening a new rift in the coalition cabinet.
  • Financial Times: Insurers dispute almost half of claims made by businesses and typically take three years to reach settlements, according to a study that will put pressure on government to take further action against what it calls “systemic problems” in the industry.
  • The Guardian: The hot property market and a pick-up in housebuilding is expected to have buoyed British brickmaker Michelmersh Brick Holdings when it reports half-year results on Monday.
  • Financial Times: General Motors plans to enter Europe’s entry-level car market with a line of low-cost models as it looks to claw back market share lost to budget rivals.
  • The Daily Telegraph: Anya Hindmarch bags further Qatari £24 million; fundraising will finance expansion in Japan, which accounts for 35% of the firm's revenues but had previously been run through franchisees.
  • Financial Times: One of the biggest private equity investors in the banking sector has warned that regulation has depressed profitability so much that lenders will struggle to attract sufficient investors to survive the next financial crisis.
  • The Guardian: Along with Royal Mail, the bosses of brewer SABMiller and telecoms firm TalkTalk will face the anger of shareholders over boardroom pay this week.
  • Financial Times: Officials led by Mark Carney, the Bank of England governor, are attempting to bridge sharp differences among leading G20 countries as they prepare a landmark set of proposals aimed at tackling the problem of “too big to fail” banks.
  • The Independent: Would-be house sellers have dropped asking prices this month for the first time in 2014, according to property website Rightmove, amid stricter mortgage rules and increasing fears of an early interest rate rise.
  • The Independent: Every bank employee “from the teller to the chief executive” must have their incentives reformed so that it is in their best interests to help customers, George Osborne will be told this week.
  • Financial Times: The UK’s main anti-fraud agency is gearing up to launch a full-blown criminal investigation into alleged rigging of the $5.3 trillion-a-day foreign-exchange market, adding to the web of regulatory and criminal investigations around the world.
  • Financial Times: Emerging and frontier market countries have borrowed a record amount of money in capital markets in the first half of this year, even as central bankers warn that “debt market euphoria” could be storing up trouble for the future.
  • Financial Times: Three of Europe’s largest oil companies could take a $1.5 billion hit to earnings as a result of delays to Kashagan, the $50 billion oil project in the Caspian Sea that has been bedevilled by hold-ups and cost over-runs.
  • Financial Times: More than half of European banks are using cash allowances to bypass a cap on bonuses for high earners, putting them on a potential collision course with the continent’s banking regulator and their investors.

Share tips, comment and bids

  • Financial Times: Private equity group KKR is poised to take a stake in fast-growing ecommerce group The Hut in a deal that will value the retailer at £500 million.
  • Daily Express: Building products firm Epwin Group is set to move on to Aim this week with a market value of £135 million.
  • Daily Express: Internet shopping outfit Attraqt is shaping up for an Aim float in the next three weeks.
  • The Daily Telegraph: Fraspens sets compass for London flotation; Chinese outdoor clothing company is seeking to raise about £4 million, giving it a market value of approximately £40 million.
  • Financial Times (Lex): SoftBank: a year on from the takeover, the performance of the combined group has failed to live up the claims made by Masayoshi Son.
  • Financial Times (Lex): IBM: Big Blue has been particularly enthusiastic about buying back its shares and as a consequence earnings have been rising faster than its revenues.
  • Financial Times (Lex): Amazon has found a new way to sell books, but it is sticking with an old style of financial reporting.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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