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Monday Papers: Putin seeks ‘statehood’ talks for SE Ukraine

Monday Papers: Putin seeks ‘statehood’ talks for SE Ukraine

Top stories

  • Financial Times: Vladimir Putin has called for talks on the “statehood” of southeast Ukraine, in a provocative comment that will heighten fears Moscow is seeking the partition of the country.
  • The Guardian: Growth in UK manufacturing has eased back to more moderate levels, but companies remain confident about the economic outlook, according to a new study.
  • The Independent: Speculators are taking a £400 million bet on more stock market pain for Tesco and the beleaguered supermarket is vulnerable to further attacks in the wake of its dividend cut, financial experts have warned.
  • The Daily Telegraph: New airport capacity decision is critical to UK economy, warned CBI; the business lobby group said work on new runway must start by 2020 as it signalled its backing for Heathrow expansion.
  • The Guardian: Alexander Temerko, a leading oil industrialist in Britain, has launched a stinging attack on BP, accusing it of abandoning its lead role in the North Sea in favour of championing the interests of Russia.
  • Financial Times: The link between US monetary policy and US bond yields has fallen apart this year, showing how fears of deflation in Europe are driving global financial markets.
  • Financial Times: The top three private debt funds raised more than $73 billion in the past five years, underlining the appetite for alternative credit at a time when banks are under pressure to shrink their balance sheets in the wake of the financial crisis.
  • Financial Times: Carlyle has enlisted Sir Michael Rake, the president of the Confederation of British Industry, to spearhead the planned flotation of the RAC in a move to attract investors after a series of disappointing London listings.
  • Financial Times: Germany has become “overconfident” and “complacent”, with the government pursuing policies that put the country’s hard-won competitiveness at risk, some of Germany’s top business leaders warn.

Business and economics

  • Financial Times: David Cameron’s new business minister will lead a delegation of businesses to China on Monday in a bid to forge fresh agreement over intellectual property.
  • Financial Times: Concern over spiralling costs has thrust energy management up the boardroom agenda across UK manufacturing, according to research.
  • Financial Times: The economies of Manchester, Birmingham and Milton Keynes expanded more rapidly than anywhere outside London over the past eight years, according to a report that underlined the gap between the growth of London and the rest of the country.
  • Financial Times: Workers in Brazil’s automotive industry have become accustomed to seeing their sector break new records, with Latin America’s biggest country becoming the fourth largest car producer in the world over the past decade.
  • Financial Times: BHP Billiton is trying to assuage South African concern over its curtailed role in the country by promising that the local assets it is shedding in a corporate break-up will get more leadership and better chances to grow.
  • Financial Times: Some of Britain’s smaller aerospace companies have expressed concern that capacity issues in the supply chain could derail the big aircraft makers’ ambitious plans to step up production of passenger jets.
  • Financial Times: China’s official bad-loan ratio looks benign at 1.08%, but few analysts believe that figure reflects the true magnitude of lenders’ asset-quality problems; the share of non-performing loans in Chinese banks is almost certainly well below the officially acknowledged peak of 25% reached in 1997, but estimates of the true ratio remain a topic of speculation.
  • Financial Times: Carlyle has brought to an end allegations that the world’s largest private equity groups conspired to fix the prices of leveraged buyouts, by agreeing to a settlement ahead of a jury trial.
  • Financial Times: France’s €1.2 billion contract to sell Mistral warships to Russia generated a lot of publicity this summer, but a Norwegian company’s bigger deal to supply offshore drilling rigs for Rosneft, the Russian state-owned oil company, is just as instructive about the limits of European Union sanctions.
  • Financial Times: The latest wave of cyber attacks against US banks highlights the persistent threat facing the global financial sector, as the number of so-called financial Trojans targeting banks more than tripled last year.
  • Financial Times: Citigroup has become the latest bank to boost fixed pay for hundreds of its high earners in Europe as a way of compensating for rules introduced this year that limit bonuses to up to twice the level of base salaries.
  • Financial Times: The lossmaking Co-operative Group can begin searching for new leadership after members backed reforms to restructure its board.
  • Daily Mail: Interest rates are an almost cast iron certainty to be held this week when the MPC meets for the first time since a split in views was revealed but while economists see rebels Ian McCafferty and Martin Weale arguing for others to join them in voting for a first increase from 0.5%, they do not expect them to succeed.
  • Daily Mail: Financial services group Hargreaves Lansdown is expected to say it will apply for a full banking licence to take advantage of a growing flood of client money through its business.
  • Daily Express: Virgin Money and breakdown service RAC are expected to announce plans to float on the stock market within weeks, valuing each of the two business at about £2 billion.
  • The Daily Telegraph: Security firm G4S could face a government investigation over its acceptance of a £70 million contract to provide “janitorial services” at Guantanamo Bay, the US naval base which houses terrorism suspects.
  • The Daily Telegraph: City 'will soon be run by robots' and artificial intelligence will render human efforts redundant, says Microsoft executive.
  • The Daily Telegraph: HMV is poised to reclaim the title of Britain’s biggest entertainment retailer less than 18 months after it was saved from oblivion by the turnaround specialists Hilco.

Share tips, comment and bids

  • Financial Times: The rapid consolidation of Spain’s banking sector took another important step forward, after Caixabank revealed on Sunday night that it was buying Barclays’ Spanish operations for €800 million.
  • Financial Times: Emaar Properties, owner of one of the world’s biggest shopping centres, has set the initial public offering of its malls business in Dubai for October, in what could be the largest share sale in the United Arab Emirates since the financial crisis, underscoring the region’s revival.
  • Financial Times: Buyout groups Blackstone and Blue Water Energy are providing $500 million to Siccar Point Energy, a new UK-focused oil company, in one of the largest ever private equity investments in North Sea oil.
  • Financial Times (Lex): Margins: the new normal.
  • Financial Times (Lex): US banking: too small to fail.
  • Financial Times (Lex): Russia: faute de mieux.

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Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

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