- Financial Times: Audi is to invest almost €22 billion in new models and technology over the next five years, as it looks to keep pace with market leader BMW.
- Financial Times: Benchmark UK borrowing costs rose to their highest for more than two years on Friday; 10-year UK government bond yields, a bellwether for interest rates across the economy, broke the 3% mark on Friday, climbing from 2.97% to 3.07%, the highest since July 2011.
- Daily Mail: Barclays has been fined £2.3 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages.
- The Guardian: Target, the US retail giant, revealed on Friday that encrypted debit card pin numbers were also stolen in the massive security breach it suffered in early December.
- Financial Times: Twitter shares fell by 13% to $63.75 by the close in New York on Friday.
- The Daily Telegraph: Shell is likely to press ahead with buyback scheme into next year after returning about $5 billion to shareholders in 2013.
- Daily Mail: Blue-chip British firms, such as Tesco, Marks & Spencer, Guinness-maker Diageo and Vodafone, are keeping a close watch on Turkey amid fears that political chaos is putting their prosperity at risk.
- Financial Times: General Motors will recall almost 1.5 million cars in China over safety concerns, in one of the biggest-ever recalls in the world’s largest car market by sales.
Business and economics
- The Daily Telegraph: Index of top 100 shares in London rose for sixth day on Friday as Santa Rally continued.
- Financial Times: Christmas Day has declined in importance as a catalyst for sales of Apple’s iPad and iPhone, according to a report by Flurry, which suggests that cheaper devices have become more popular as festive gifts.
- Financial Times: Shares in private equity-backed companies listing this year have risen 18.6%, a performance that will fuel institutional investors' demand as the pipeline of planned initial public offerings grows.
- The Guardian: Welcome to Egerton Crescent, the most expensive street in Britain, where the average house will set you back £7.4 million – or 42 times the national average property price.
- Financial Times: Home owners in the wealthiest parts of London are rushing to extend their homes underground before new planning restrictions are brought in next year.
- Financial Times: Shoppers’ interest in the Christmas sales looked to have tailed off, amid warnings to retailers that the public was likely to exercise caution over forking out on the bargains dangled in front of them, according to Springboard, the retail data analyst.
- Financial Times: 25 December, a day intended for religious observance and quiet contemplation, is fast becoming a day for observing online bargains and contemplating buying them; online sales were up 16.5% on 25 December, compared with last year’s Christmas day, said IBM, which tracks 800 retail US sites.
- The Daily Telegraph: Facebook walls, Instagram accounts and music downloads should be left in our wills and bequeathed to loved ones, according to leading accountants.
- Financial Times: Johnston Press and its lenders have agreed to reset the covenants on its £300 million of debt after the struggling regional newspaper group hired financial advisers for a full refinancing in 2014.
- The Daily Telegraph: Credit rating agency Moody's offers upbeat assessment of Skipton's turnaround but warn mutual still faces challenges.
- The Independent: Andy Janowski, the chief executive of Smythson, the leather goods and stationery brand that counts Samantha Cameron as a consultant, will leave the brand after the recent birth of his twins.
- The Daily Telegraph: Chief executive of Flybe urges reform of Air Passenger Duty so that regional passengers are not unfairly disadvantaged.
- Daily Mail: Luxury watch-maker Bremont has notched up an 80% surge in annual turnover, leaving the upstart brand among the world’s top 15 manufacturers of precision chronometers.
Share tips, comment and bids
- The Guardian (Comment): Now that Janet Yellen is to be chair of the US Federal Reserve Board, attention has turned to the candidate to succeed her as vice chair. Stanley Fischer would be the perfect choice.
- The Independent (Comment): 2013 - the year in review: Slowly, the world economy is turning a corner.
- Daily Mail (Comment – Alex Brummer): Under Lord Ian Livingston and his successor Gavin Patterson, BT has plunged into pay TV, with BT Sport spending boldly on Premiership football TV rights.
- Financial Times (Lex): Tesla: It is not quite right to say that the US carmaker is now bigger than Fiat
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- Financial Times (Lex): Uber: The sharing economy is here. Now comes the backlash