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Saturday Papers: May threatens to crash Brexit deal

Saturday Papers: May threatens to crash Brexit deal

Top stories

  • Financial Times: Theresa May threatened to hold a snap vote to kill the Brexit deal crafted by the UK and EU if she could not win more concessions from the fellow European leaders.
  • The Daily Telegraph: The global economy faces slowdown as stagnation in Europe, peaking of growth in the US and continuously falling growth rate in China threaten to bring last year’s recovery to a juddering halt.
  • The Times: LVMH, the French luxury goods group, has agreed to buy the high-end hotel chain Belmond in a deal worth $3.2 billion.
  • Financial Times: Administrator of Air Berlin is suing Etihad Airways for up to €2 billion over its role in the bankruptcy of the German carrier.
  • Financial Times: Apple is likely to issue a software update for users to resolve China’s ban on sales of certain iPhones to tackle legal battle with Qualcomm over patent infringement.
  • Financial Times: Facebook faces another probe in Europe after the social media group revealed another leak of private photos belonging to millions of people.

Business and economics

  • The Daily Telegraph: Reach, the publisher of the Mirror and Express, is set to marginally beat profit forecasts for the year after big brands such as Tesco boosted their advertising spending in newspapers.
  • Daily Mail: Balfour Beatty is set to beat its full-year forecasts as the construction company will net about £65 million in profit from asset disposals, the group has revealed.
  • Financial Times: BAE Systems has entered into a multibillion-dollar deal to design and build a fleet of warships for the Royal Australian Navy.
  • The Times: Don Robert, former chief executive and present chairman of Experian, has been named chairman of the London Stock Exchange Group and his pay packet has been sweetened by 31%.
  • The Daily Telegraph: The Bank of England is trying to clamp down on "staggering expenses" by ordering staff to buy cheaper dinners, use public transport and book economy flights.
  • The Guardian: Federal prosecutors in Brazil have charged two former Trafigura executives, a former executive at Petrobras and a middleman with corruption over $1.5 million allegedly paid in bribes for oil trading operations.
  • The Times: David de Souza, who played a key role at the Financial Conduct Authority and dealt with a scandal involving Royal Bank of Scotland, has taken a job at the lender in a move that has angered small business owners.
  • The Times: The government is seeking a “full explanation” from Google over plans to take over the health operations of Deepmind, a British technology company, amid concerns about the protection of NHS patient records.
  • The Times: The government is seeking a “full explanation” from Google over plans to take over the health operations of Deepmind, a British technology company, amid concerns about the protection of NHS patient records.

Share tips, comment and bids

  • The Daily Telegraph (Questor share tips): BUY Tristel; HOLD Craneware.
  • The Guardian: Sports Direct founder Mike Ashley is reportedly considering a bid to take over Hamleys, the 258-year-old toy retailer best known for its flagship store on Regent Street in London.
  • The Daily Telegraph: The Restaurant Group has secured the support of 92% of shareholders for a £315 million rights issue to finance the controversial acquisition of casual dining chain Wagamama.
  • The Daily Telegraph (Comment): The world is sleepwalking into a $1 trillion energy nightmare.
  • The Times (Comment): Rescuing the economy in the wake of a no-deal Brexit won’t come cheap.

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