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In the Papers - Vodafone, BHP Billiton, Dyson, Toyota

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Newspaper Summary

The Times

Retailer is angling for stock market float: Angling Direct is casting its line into the junior Alternative Investment Market with the aim of cashing in on the growing popularity of fishing.

Murria drops in with Finncap stake: One of Britain’s highest-profile technology entrepreneurs has taken a significant stake in Finncap and has been lined up to become its deputy chairwoman.

Paternity-test firm finds new prey in Gulf: Complement Genomics is helping hundreds of falconers to sex their chicks using DNA samples, giving the Durham-based company access to the multimillion-pound sport of falcon racing that is popular among the Middle East’s elite.

Unrest puts Greece’s latest bailout deal under pressure: Greece is braced for rolling protests and a national strike this week as unrest mounts before a parliamentary vote on further budget cuts demanded by its international creditors.

City fund manager calls time on Executive pay ‘pantomime’: Richard Buxton, Chief Executive of Old Mutual Global Investors, said that the system of remuneration for senior Directors was out of control and that he was “aghast” that a report by the Investment Association had concluded that it was working “broadly satisfactorily”.

Website calls for delay in laws against lottery bets: A gambling company that allows punters to bet on the EuroMillions draw has responded to claims that it is exploiting a legal loophole to take money away from good causes.

GSK to expand healthcare in £8 billion buyback: Glaxosmithkline is expected to push further into consumer healthcare as pressure for a break-up eases. The company is set to buy all of the over-the-counter healthcare business, which includes brands such as Sensodyne and Panadol, that it part-owns with Novartis, of Switzerland.

Barcelona joins the chilled-out beach club: It is the Ibiza beach bar whose chillout music became the soundtrack for the Nineties generation. Now Café del Mar is a global brand that is about to open its biggest club in Barcelona.

Taiwan sees wind of change in Scotland: The head of Taiwan’s National Energy Programme is seeking a partnership with Scottish companies to expand the island’s renewable power sector.

The Independent

Facebook’s Sheryl Sandberg makes Mother’s Day call to help working parents: One of America’s most influential female Executives has made a Mother’s Day appeal for the federal government to do more to help working women.

Labour to pledge an additional £37 billion of funding for the NHS: Jeremy Corbyn is pledging an additional £37 billion for the NHS to improve A&E performances. The extra funding will also take approximately one million patients off NHS waiting lists.

Toyota investing in flying car project with takeoff scheduled for next year: Toyota is set to finance a flying car project that could take flight by 2018. The Japanese car firm will give engineers £274,000 to develop jet-propelled vehicles that will travel up to 10 metres from the ground.

The Daily Telegraph

Dyson prepares to restart legal battle with Bosch after EU court win: Dyson plans to reopen its legal battle with German engineering group Bosch after securing a victory in the European courts last week.

Fourth deficit rule in four years risks undermining faith in targets, economists warn: Britain could see its fourth deficit rule in as many years, economists believe, as the Government has to keep adapting its borrowing targets.

More U.K. insurers are coming, but EU talent battle ‘not a Pokemon game’: More insurers will pick Luxembourg as the location for their post-Brexit European Union hub, the Chief Executive of the country’s trade promotion body has said, adding that the fight to woo business is not a game of Pokemon where you “need to catch them all”.

MyOptique losses doubled before Essilor acquisition: Losses doubled at the online eyewear retailer MyOptique before it was bought by the French glasses giant Essilor, company accounts reveal.

PUBS will need to convince investors they can dodge feared spending squeeze: Pub groups will be seeking to reassure investors that the buoyant trading seen in April can persist in spite of warnings about a consumer spending squeeze by the Bank of England last week.

Channel 4 quizzes Chief Executive contenders: Channel 4’s hunt for a new Chief Executive is in its final stages, with candidates for one of the top jobs in British TV facing interviews this week.

Formula One owner unveils long-term investment plan: Formula One’s new owner Liberty Media has unveiled a five-year business plan to steer the sport away from what it says was a “very short-term focus” under former supremo Bernie Ecclestone.

ARM revenues jump as SoftBank prepares tech fund launch: The British microchip giant ARM Holdings has reported record sales in the first set of annual figures since its controversial £24 billion sale to Japan’s SoftBank last year.

Business coalition demands tax powers for English regions: The next Government faces increasing pressure from business hand powers over taxes to English cities to boost regional growth.

The Guardian

Business leaders want next government to build two more runways: Business leaders have called for the next government to build two more runways, demanding that a follow-up Airports Commission be established only months after Heathrow’s third runway was approved.

Jobs market will suffer a Brexit slowdown, say experts: British workers should brace themselves for rising unemployment and falling real pay in the year ahead as the impact of a Brexit slowdown is increasingly felt in the jobs market, reports have warned.

Mining company BHP drops Billiton from name in $10 million ad campaign: BHP Billiton, the world’s biggest miner is rebranding, changing its name back to just BHP from this week.

April cold weather could cause a shortage of British fruit, say farmers: Cold weather in April could lead to a shortage of British apples, pears and plums, farmers have warned.

Final taxpayer shares in Lloyds Banking Group to be sold off: The government is expected to sell off its remaining shares in Lloyds Banking Group in the coming week, marking a watershed moment for the sector after the financial crisis.

Anti-corruption police investigate U.K. firm over ex-Nigerian warlord deal: Anti-corruption investigators in four countries are examining a British firm’s links to a multimillion-pound defence deal involving a former Nigerian warlord.

Daily Mail

Ambitious cyber security firm ECSC is booming as sales team launches own attack: The General Data Protection Regulation, as it is known, is forcing companies to take IT security more seriously than ever – which is great news for ECSC, a fast-growing, Bradford-based business specialising in all things cyber.

As inflation races towards 2.7% wages have risen faster: Households are facing a fresh squeeze on their budgets as official inflation figures due this week are expected to show prices rising at their fastest rate since 2013.

Bank UBS in dispute with taxman over attempt to book losses from its Swiss parent in U.K.: Swiss banking giant UBS is embroiled in a £100 million dispute with Revenue & Customs over an attempt to book losses from its Swiss parent in the U.K.

Let Ofgem introduce price controls rather than Government impose price caps: Energy companies would prefer to be fully price regulated by Ofgem rather than face Government price caps or the threat of nationalisation, a senior energy Executive told The Mail on Sunday this weekend.

European businesses are preparing to cut use of U.K. suppliers following Brexit: Nearly half of European businesses expect to cut their use of U.K. suppliers following the Brexit vote, research reveals.

Daily Express

Late Easter set to send inflation jumping to 2.6%: Households are facing a further jump in inflation as the weakened pound, utility price hikes and the timing of the Easter holidays drive up the cost of living.

Stock market warning as Wall Street’s ‘fear index’ plunges to lowest level in decades: Wall Street’s so-called ‘fear index’ has dropped to its lowest level in more than 20 years which could be a sign that stock market bubbles are about to burst, experts have warned.

Gold price prediction: Metal set to sink lower as fears of euro break-up fall: Gold prices experienced a small bounce in recent days but values are set to head down over the longer term, as U.S. interest rates rise and as political fears subside, according to expert forecasts.

Pension warning: Savers lose record amounts to scams as fraudsters rinse pots: Innocent savers were conned out of record amounts of cash in March, as fraudsters exploit pension reforms to trick victims out of nest eggs.

The Scottish Herald

Scottish economy driven by growth in manufacturing: A strong manufacturing performance enabled Scotland’s private sector economy to achieve slight growth in April, as output of the key services sector fell again, a survey shows.

Brexit currency woes set to deepen easyJet losses: Budget airline easyJet looks set to deepen half-year losses this week, as it grapples with currency headwinds from the Brexit-hit pound and costs linked to launching a new European base.

Florist really blooming as it works with giant brands: An East Dunbartonshire-based florist, which supplied flowers to the wedding of Celtic Football Club star Kolo Toure, is projecting a big rise in sales this year on the back of deals with a range of high-profile brands.

Funding boost for growing fintech firm AFT: A Glasgow-based financial technology (fintech) business has landed a six- figure investment deal under a new business support framework developed by Glasgow City Council.

The Scotsman

Scotland’s shopping footfall stats at three-year-high: Footfall in Scotland’s high streets and retail parks has increased; however, retail experts say there is a worrying rise in the number of shop vacancies.

Scots urged to step up cyber security as threat grows: Public bodies across Scotland have been placed on alert amid fears of a fresh wave of cyber-attacks this week.

City A.M.

High sugar prices set to take a bite out of Mr Kipling owner’s profits: Mr Kipling owner Premier Foods is likely to report a slump in profits this week, as the rising cost of sugar and other ingredients eats into its margins.

City law firm RPC in tie-up with Giltspur to serve German banking sector: City law firm RPC has announced an international expansion to extend its offering into the German banking sector.

Backer of The Wolseley and Delaunay to sell stake: Investor Graphite Capital is set to sell its stake in the parent company of high-end London restaurants including Zedel Brasserie and The Wolseley

Vodafone is set to reveal an annual loss of as much as €4.9 billion due to writedowns on its Indian arm: Telecoms giant Vodafone is expected to unveil a multibillion-pound annual loss this week due to fierce competition in the Indian mobile phone market.

Cafe Rouge and Belgo owner decides against refinancing plan: The owner of Cafe Rouge and Las Iguanas has decided against a £160 million refinancing plan after it failed to find attractive pricing on the bond market.

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