- The Times: Senior Tory Brexiteers demanded last night that Theresa May exploit Angela Merkel’s political weakness and suspend plans to offer billions of pounds more to the European Union.
- The Daily Telegraph: Volvo has moved up a gear in the race to perfect driverless cars, signing a deal with Uber to supply “tens of thousands” of autonomous vehicles to the ride-hailing business.
- Financial Times: Centrica, owner of British Gas and the largest supplier of energy to UK homes, has promised to end the expensive billing plan that nearly two-thirds of British households currently pay following a government threat to cap its price.
- Financial Times: Paris and Amsterdam have been chosen as the new homes for two prized EU agencies - the European Banking Authority and the far larger European Medicines Agency -after ministers in Brussels resorted to picking names from a hat to decide where the two organisations and their combined 1,000 staff should move after Brexit.
- Financial Times: Spanish hotel operator Barceló has offered to buy local rival NH Hotel Group in a multibillion-euro merger that would create the country’s largest hotel group.
- The Guardian: The US Department of Justice on Monday moved to block AT&T’s $85 billion takeover of Time Warner, one of the largest media deals ever announced.
Business and economics
- The Guardian: Goldman Sachs has stepped back from identifying a single European city as its post-Brexit EU home and has instead chosen to split its business between Frankfurt and Paris.
- The Daily Telegraph: The Office for National Statistics is overhauling the way in which it measures the UK economy by including vast amounts of VAT data from small firms for the first time.
- Financial Times: More than 20 investment banks and market makers have signed up for Deutsche Börse’s attempt to draw London’s prized swaps clearing business from its City home.
- Financial Times: Tencent on Monday punched through a stock market capitalisation of $500 billion, becoming the first Chinese technology company to join an elite group dominated by US groups and putting it within spitting distance of Facebook’s $522 billion.
- The Times: The turnaround at Bonmarché has started to gather steam, with a rise in half-year sales and profits.
- Daily Mail: William Hill reported another quarter of growth thanks to a boost in revenues from online betting and American punters, as it awaits the UK Government's decision on fixed-odd betting terminals.
- The Times: Shares in Accrol dropped by more than 60% as the Blackburn-based toilet paper maker returned to the market yesterday and embarked on an attempt to raise £18 million in fresh funding.
- The Daily Telegraph: Michael Spencer's Nex Group is hoping to cushion the blow of a possible hard Brexit by opening a new base in Amsterdam.
- The Times: The government has come under fire after Carillion continued to win new contracts, despite Whitehall rules designed to limit taxpayer exposure to “financially distressed” companies.
- The Daily Telegraph: The widespread adoption of Bitcoin and other cryptocurrencies will be stymied by the fact that they are not backed by a so-called 'lender of last resort', the French bank BNP Paribas has claimed.
- The Daily Telegraph: The UK's accounting watchdog is opening a fresh probe into the finances of struggling outsourcer Mitie.
- Financial Times: MPs are stepping up their inquiry into fake news as they attempt to get answers from Facebook and Twitter about the extent of Russian interference in last year’s EU referendum and this year’s UK general election.
- Financial Times: Russia’s state-run oil group Rosneft has agreed to supply its new partner CEFC China Energy with almost 61 million tonnes of oil over the next five years, strengthening the most high-profile corporate link in the burgeoning relationship between Moscow and Beijing.
Share tips, comment and bids
- The Times (Tempus share tips): BUY Aberdeen Standard European Logistics Income; HOLD William Hill.
- Financial Times: A group of more than 35 global hedge funds has placed a $5.4 billion bet on Toshiba’s corporate resurrection, giving foreign investors potentially huge influence over the troubled conglomerate and betting that there will be significant upside even if the sale of its prized memory chip business falls through.
- Daily Mail: Chinese shopping giant Alibaba believes that physical stores are crucial to shoppers and has paid £2.2 billion for a hypermarket chain Sun Art as it tries to cash in on China's $500 billion food retail sector.
- Daily Mail: Shares in private hospital group Spire Healthcare tumbled after takeover talks with Mediclinic International fell through.
- Daily Mail: YO! Sushi has bought Canadian food chain Bento Sushi in a deal worth £59 million as the British-based firm bids to push in to North America.
- Financial Times: European communications consultancy Hanover Group has acquired the Middle Eastern assets of Bell Pottinger, the PR firm that fell apart after it was accused of stoking racial tensions in South Africa as part of its work for the Gupta family.
- The Daily Telegraph (Comment): Merkel’s woes give Macron his moment to take the lead in Europe.