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Sunday Papers: Unilever warned over London exit

Sunday Papers: Unilever warned over London exit

Top stories

  • The Sunday Times: Top shareholders in Unilever have warned the Anglo-Dutch consumer goods giant over its possible flight from London - claiming it would be part of a ruse to make the company safe from foreign predators.
  • The Observer: Warren Buffett on Saturday reported a record quarterly and annual profit for his Berkshire Hathaway conglomerate, thanks in part to a $29.1 billion boost “delivered” by the Republican tax cut.
  • The Sunday Telegraph: Interserve is struggling to put ­together a crucial debt refinancing deal after the collapse of Carillion spooked its lenders.
  • The Sunday Telegraph: Doorstep loans giant Provident ­Financial has been sounding out investors about a bumper cash call as it seeks to draw a line under the most disastrous period in its 140-year history.

Business and economics

  • Mail on Sunday: Official watchdogs are on alert amid rumours that Sir Philip Green is considering a sale of his Topshop-to-Dorothy Perkins retail business Arcadia.
  • The Sunday Telegraph: A European Uber rival that was forced out of the UK after just three days last year is plotting a return to London, in a new challenge to the US taxi app; Taxify, which operates in 26 countries across Europe, Africa and Australia, applied for a private hire licence with Transport for London (TfL) this month.
  • The Sunday Times: Airbnb is considering launching an airline as it seeks to transform itself from a home-sharing app to an all-round travel conglomerate.
  • The Sunday Times: Poundworld is lining up restructuring advisers as the private-equity-owned discount retailer struggles amid “brutal” trading.
  • Mail on Sunday: GKN will this week reveal a slump in profits, increasing pressure on new boss Anne Stevens as she defends the engineering giant from a £7.4 billion takeover bid from corporate raider Melrose.
  • The Sunday Telegraph: Lawyers acting for a car dealership allegedly pushed under by Britain’s biggest bank Lloyds are set to drag the lender into the growing scandal surrounding City firms’ mistreatment of struggling small businesses.
  • The Sunday Times: Landlords to New Look are bracing themselves for store closures and rent reductions after the struggling fashion retailer said its finance director would visit property owners this week.
  • Mail on Sunday: Sandwich chain Eat, one of the biggest in the country, has fallen deeper into the red amid fears its owner is mulling closures.
  • The Sunday Times: Tata Steel is seeking taxpayer support for a £60 million project to help secure the future of Port Talbot steelworks by overhauling a production line to make lighter steels for car making.
  • The Sunday Times: Rio Tinto may have to plough even more cash into a $12 billion (£8.6 billion) copper and gold mine it is developing in the middle of the Gobi desert.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): Arena Events is a winner worldwide with profits of £6 million forecast.
  • The Sunday Telegraph (Questor share tips): BUY G4S.
  • The Sunday Telegraph: The mobile operator O2 is dialling up preparations for a £10 billion stock market float as soon as September once a big money auction of airwaves has put its network on a firmer footing.
  • The Sunday Telegraph: Dropbox has filed for an initial public offering in the US, documents released on Friday revealed, in what is likely to be the largest float since Snapchat owner Snap.
  • The Sunday Times: Chicken tycoon Ranjit Boparan is considering casting off another piece of his empire with the potential £50 million sale of Irish fish supplier Donegal Catch.
  • The Sunday Times: The billionaire owners of Betfred are close to selling a £30 million stake in the Tote; chairman Fred Done, who founded the 1,650-strong chain of bookmakers with his brother Peter, is in talks to offload 25% of the on-course betting business.
  • The Sunday Times: Pub group Greene King is attempting to sell seafood restaurant chain Loch Fyne to shrink its exposure to casual dining, industry sources say.
  • The Observer (Comment): Carillion halted stupid, unthinking outsourcing; now it’s time for reform.
  • The Sunday Telegraph (Comment): Does Unilever hit presage a wider exodus of head office functions?

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