Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Sunday Papers: Freeze minimum wage, urge bosses

Sunday Papers: Freeze minimum wage, urge bosses

Top stories

  • The Sunday Times: Warning of job losses, bosses are calling for a freeze in the minimum wage amid the latest signs that Brexit fears are holding back investment by businesses.
  • The Sunday Telegraph: Stricken building contractor Carillion is facing growing calls to launch an emergency fundraising as it threatens to plunge further into financial crisis.
  • Mail on Sunday: Frankfurt is expected to be the major winner in moves by City banks to shift jobs out of London as a result of Brexit.
  • The Sunday Telegraph: British families are signing up for a lifetime of debt with almost one in seven borrowers now taking out mortgages of 35 years or more.

Business and economics

  • The Sunday Telegraph: The influence of overseas drugs giants in the UK healthcare system could come under scrutiny after it emerged that foreign firms are the driving force behind a judicial review challenge to new NHS drug pricing powers.
  • The Sunday Telegraph: Barclays is battling investor pressure to pursue a spin-off of its high street operations from the bank’s investment banking arm.
  • Mail on Sunday: Billionaire Mike Ashley is facing renewed calls to draft in executive heavyweights to help run his £3 billion empire as the City braces for a profits collapse.
  • The Sunday Times: GLG, one of London’s best-known hedge funds, and one of Canada’s largest pension plans, Canada Pension Plan, are among the biggest losers from a dramatic recovery at Premier Oil.
  • Mail on Sunday: Members of Nationwide Building Society have been urged to reject a £3.4 million pay deal for new boss Joe Garner.
  • Mail on Sunday: Car finance firms are fitting ‘kill switches’ that immobilise vehicles if drivers miss a payment.
  • The Sunday Times: Premier Foods, the maker of Mr Kipling cakes, will unveil another disappointing set of figures this week amid growing pressure on its chief executive.
  • The Sunday Times: The co-founder of Jack Wills has taken the preppy fashion retailer back to profitability two years after he returned to save it from a costly logistics gaffe.
  • The Sunday Telegraph: Bosses at Vue cinema chain are in line for a blockbuster windfall worth hundreds of millions of pounds as it heads towards a bumper sale or float.
  • The Sunday Times: Amazon is stepping up its assault on America’s $780 billion grocery market with plans to deliver meal kits to customers’ homes.
  • The Sunday Times: ITV is poised to anoint the easyJet boss Dame Carolyn McCall as its new chief executive.
  • The Sunday Telegraph: Iceland's foreign minister has opened the door for Britain to rejoin a European trade club that would put it on a fast track to sign dozens of ready made deals after Brexit.
  • The Sunday Telegraph: Canadian fund West Face Capital, an activist investor, has raised questions about the sprawling transatlantic operations of FirstGroup, fuelling speculation that it is planning to push for a break-up of the giant bus and rail operator.

Share tips, comment and bids

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Rathbones' Smith on China's economic hegemony ambitions

Rathbones' Smith on China's economic hegemony ambitions

Discussing China's saving problem, Ed Smith argues that if the country opens up there will be an outflow of capital.

Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Read More
Wealth Manager on Twitter