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Sunday Papers: Insurers to benefit from hurricane bill

Sunday Papers: Insurers to benefit from hurricane bill

by Himanshu Singh Sep 10, 2017 at 06:36

Top stories

  • The Sunday Times: The string of hurricanes devastating the Caribbean and America could cost insurers more than £150 billion - but the boss of Lloyd’s of London said this weekend it would “benefit the sector” because they could raise premiums.
  • The Sunday Telegraph: Google will launch a fightback against Brussels this week when the company lodges an appeal against its record monopoly abuse fine.
  • The Sunday Times: BP is to call time on chairman Carl-Henric Svanberg’s chequered seven-year reign by hiring headhunters to find a replacement.
  • Mail on Sunday: Tesco's £3.7 billion power grab to buy wholesale supplier Booker could destabilise the whole grocery market and severely diminish competition, rival food operators fear.

Business and economics

  • The Observer: Apple’s stock market value is heading towards a new milestone and its latest product launch on 12 September could push the tech giant closer to becoming the first ever $1 trillion (£760 billion) company.
  • The Sunday Times: Crisis-hit Bell Pottinger is to collapse into administration tomorrow - amid an escalating row over the PR agency’s spectacular fall from grace.
  • The Sunday Times: The boom in digital currencies continued last week — in spite of curbs imposed by China — with a data storage start-up completing the largest fundraising to date using internet-based tokens.
  • The Sunday Telegraph: JD is limbering up to report a jump in sales this week, as it bids to ­allay fears that demand for trendy trainers and yoga outfits is waning.
  • The Sunday Times: Tata Steel is set to jettison its £15 billion pension fund this week, salvaging a future for the vast Port Talbot steelworks in south Wales.
  • The Sunday Times: Investors have pulled more than £350 million from Neil Woodford’s flagship UK equity fund following a string of disastrous stock picks.
  • The Sunday Telegraph: Provident Financial is planning sweeping changes to its controversial doorstep lending business in an ­attempt to reverse a disastrous restructure that led to a pair of crippling profit warnings.
  • The Sunday Times: Royal Bank of Scotland could appoint its first female chief executive in the coming year, according to sources close to the taxpayer-backed lender.
  • The Sunday Times: Small businesses have asked the Financial Ombudsman Service to step in after HSBC mistakenly blocked hundreds of accounts, including those of charities and churches, as part of its crackdown on money laundering.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): Why now is the right time to join Russia's gold rush with Randgold, Highland and Polymetal going strong.
  • The Sunday Times: Emerisque Brands, a private equity firm founded by Ajay Khaitan who is on Interpol’s wanted list, has entered exclusive talks to buy the fashion retailers Oasis, Warehouse and Coast from the Icelandic bank Kaupthing.
  • The Sunday Times: SAIC, the Chinese state-backed giant that owns MG Rover has quietly invested in AutoX, Silicon Valley self-driving car start-up that promises to bring robo-vehicles to the masses.
  • The Sunday Times: Fears over dwindling TV audiences and a huge price tag have left the £6bn auction of broadcast masts business Arqiva hanging by a thread.
  • The Sunday Telegraph: Britain's biggest Apple reseller Jigsaw24 has been put up for sale amid mounting concerns that consumers and businesses are holding on to smartphones for longer.
  • The Sunday Telegraph (Comment): The next crisis will be different, so we need to think the unthinkable.
  • The Observer (Comment): Why do big hacks happen? Blame Big Data.

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