New Model Adviser - For professional financial planners

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Saturday Papers: Pressure grows on May to quit

And Robert Mueller recommends no new criminal charges as he ends Russia probe into Donald Trump.

Saturday Papers: Pressure grows on May to quit

Top stories

  • The Times: Pressure is growing on Theresa May to name a date for her departure after cabinet support drained away and the DUP made clear its lack of faith in her.
  • The Daily Telegraph: Robert Mueller, the special counsel, has not any recommended any further criminal charges as he finished his report into whether Donald Trump's 2016 presidential campaign colluded with Russia.
  • Financial Times: Credit Suisse CEO Tidjane Thiam received a 30% pay rise last year despite a 38% plunge in the bank’s stock.
  • Financial Times: Citigroup has fired eight traders from its Hong Kong trading desk after an internal investigation found that they had misled clients.
  • The Times: Boeing lost a $5 billion order for its 737 Max jets, which have suffered two disasters in five months.

Business and economics

  • The Guardian: Mounting fears of a slowdown in the global economy hit financial markets around the world, after eurozone factory output fell at the fastest rate in almost six years.
  • The Daily Telegraph: Deutsche Bank has doubled the pay of its chief executive and investment banking boss despite the threat of sweeping job losses ahead.
  • The Guardian: Richard Branson has claimed in an open letter that Britain is “dangerously close to the full-scale disaster” of a no-deal Brexit.
  • The Times: Flannels, the luxury chain owned by Sports Direct, aims to open about 60 new shops in the next three years.
  • The Daily Telegraph: Thomas Cook has announced the closure of 21 stores putting more than 300 jobs at risk, as it grapples with the switch to online bookings.
  • Daily Mail: GVC chairman Lee Feldman is stepping down amid investor fury after he sold a £6 million stake in the bookmaker.
  • The Daily Telegraph: Royal Mail’s top investors have warned that its latest choice of chairman Keith Williams will be spread too thinly.
  • The Guardian: The UK has signed a post-Brexit trade deal with a group of Caribbean countries including Jamaica and Barbados.
  • The Daily Telegraph: Nokia has warned that there may be "compliance issues" at a French company that it acquired three years ago for €15.6 billion.
  • The Times: Paperchase stationery chain has agreed with its landlords to slash its rent bill by linking the amount it pays at half of its shops to turnover and closing five branches.
  • The Daily Telegraph: EasyJet is primed to activate Brexit contingency plans after revealing its ownership structure will breach Brussels aviation rules in case of a no-deal Brexit.
  • The Guardian: Jaguar Land Rover has won a landmark court case against a Chinese firm that was selling a copycat of its Evoque model for a fraction of the price.

Share tips, comment and bids

  • The Daily Telegraph (Questor share tips): HOLD Gamma Communications; HOLD Fulcrum Utility Services.
  • The Guardian: Sainsbury’s and Asda are ready to sell off up to 150 supermarkets and 38 petrol stations in a bid to persuade the competition watchdog that their £7 billion merger should be allowed to go ahead.
  • The Guardian: Debenhams has dismissed a bid for its Danish stores from Mike Ashley as it confirmed plans to raise £200 million in fresh loans.
  • Daily Mail: Smiths Group has announced plans to spin off its healthcare business next year so it can focus on industrial technology.
  • The Times: Uber has reportedly selected the New York Stock Exchange for its forthcoming flotation in what could be one of the biggest listings on record.
  • The Daily Telegraph (Comment): Three lessons from Levi's 160 year history and successful IPO.

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
More Content
7459.88 -11 0.15% 04:35
More Content
More Content

ADVICE

3 Comments Breakfast Club: From offshore oil worker to running an advice firm

Breakfast Club: From offshore oil worker to running an advice firm

Jennifer Ellis runs Wellington Wealth alongside sister Nicola Ellis, emphasising the importance of family and client service

twitter_banner

INVESTMENT