Citywire for Financial Professionals

View the article online at http://citywire.co.uk/money/article/a917970

Sunday Papers: Threats to American prosperity tie the hands of Yellen

And Brexit could force the Bank of England to cut rate as ‘leave’ takes poll lead.

 
Sunday Papers: Threats to American prosperity tie the hands of Yellen

Top stories

  • The Observer: Janet Yellen, the head of the Federal Reserve, has been criticised for dithering, but number of factors are stopping her from increasing interest rates.
  • The Sunday Times: The Bank of England will face overwhelming pressure to slash interest rates to new lows if Britain opts to quit the EU, according to international investors.
  • The Sunday Telegraph: The Bank of England and International Monetary Fund will spark a fresh Brexit intervention row this week as they warn of the economic consequences of leaving the EU, just days before the vote.
  • The Times: Buyout baron Guy Hands faces a legal bill of nearly £20 million after the collapse of his court battle with Citigroup bank over his disastrous 2007 takeover of music giant EMI.

Business and economics

  • The Sunday Telegraph: British voters have voiced their overwhelming support for a “Norway-style” arrangement in the event of a decision to leave the European Union that would ensure that the UK could retain its access to the single market.
  • The Sunday Times: A slew of the City’s biggest overseas banks are accelerating plans to pull thousands of workers out of the City of London as Britain’s referendum on EU membership approaches.
  • The Sunday Times: Amazon is preparing to launch a music-streaming service to rival Spotify and Apple Music — the latest in a series of aggressive moves by the online retail giant.
  • The Sunday Times: The Dublin government is finalising plans to privatise Allied Irish Banks — seven years after it was bailed out during Ireland’s economic collapse.
  • The Sunday Telegraph: Budget airline easyJet has examined setting up a separate European business in case Britain leaves the European Union.
  • The Observer: Walmart Canada stores will stop accepting Visa cards, claiming the credit card provider charges merchants “unacceptably high” fees.
  • The Sunday Times: Cigarette filter maker Essentra is preparing to part company with its boss Colin Day as it reels from a profit warning that wiped more than a quarter from its market value.
  • The Sunday Times: The former colliery town of Stanley in Co Durham has become the first to offer in-home batteries and solar panels for free, in the latest sign of the huge shifts rocking the household energy market.
  • The Observer: John McDonnell has joined calls for former BHS boss Sir Philip Green to be stripped of his knighthood if he refuses to be grilled by MPs next week.
  • The Sunday Times: The boss of Auto Trader has scooped share windfalls totalling £80 million since joining the second-hand car website just three years ago.
  • The Sunday Times: The dynasty behind the Clarks shoe empire has shared a dividend worth £42.5 million despite one of the most tumultuous years in the retailer’s history.
  • The Sunday Telegraph: The owners of a hotel resort in the Caribbean backed by the one-time Wimbledon singles champion Pat Cash is taking its former accountancy firm, Wilkins Kennedy, to court this week over allegations of fraud and embezzlement, seeking damages of £50 million.
  • Mail on Sunday: Amazon’s new food delivery service is up to 50% cheaper on shopping basket essentials than mainstream supermarkets.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): Medical firm that's fighting cancer from a new Angle.
  • Mail on Sunday (Midas share tips): A word in your ear – our translation tip rises 383%.
  • The Sunday Times: Mining giant Rio Tinto has hired Goldman Sachs to engineer a takeover of its £8 billion listed copper operation as it seeks to position itself for a recovery in commodity prices.
  • The Sunday Times: CVC Capital Partners and Apax Partners, two of Europe’s biggest private equity firms, have discussed forming a consortium to buy Britain’s second biggest mobile operator, City sources said last week.
  • The Sunday Times: Bain Capital, co-founded by Mitt Romney, the 2012 US Republican presidential candidate, is exploring a £2 billion float of TI Automotive, founded as Tube Investments in Birmingham in 1919.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: The sterling slump: what’s next?


After Boris announced he was backing Brexit, sterling suffered its biggest slump in six years. Our Market Mavens discuss. Follow the Market Mavens LinkedIn page for weekly videos, in which our panel of industry experts share their views on financial news

The Citywire guide to investment trusts

In association with Aberdeen Asset Management

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.

Sorry, this link is not
quite ready yet