| The media group that owns the Daily Mirror and Daily Express, Reach Plc (RCH), has set a target of raising the number of registered customers from less than one million to seven million by the end of 2022 as part of an ambitious digital push. | |
 | One of Britain’s biggest drugs companies, GlaxoSmithKline (GSK) is partnering with a Chinese biotech company to develop its vaccine candidate for the coronavirus. |
  | Estate agents Countrywide (CWD) and LSL Property Services (LSL) ‘in £460m merger talks’. Two of Britain’s biggest estate agent groups are in talks over a possible £460 million merger. |
| Meininger Hotels in £330m Aim float. A low-cost hotel operator is planning to debut on London’s junior stock market next month in what will be the biggest Aim listing of the year so far. | |
 | Restaurant Group (RTN) will announce outlet closures this week. The owner of Frankie & Benny’s and Chiquito is expected to announce site closures this week in a new blow to retail park landlords. |
| JP Morgan Chase is set to launch a range of savings and loan products within the next few months in a move that will further shake up the fiercely competitive UK consumer banking market. |
 | A billionaire American hedge fund tycoon is building a bet against Ladbrokes Coral Group (LCL) owner GVC as the high street bookmaker battles to hold on to revenues in one of its most profitable markets. |
| One of Britain’s biggest recruitment agencies, Cordant Group, is racing to raise new investment after the family-owned business came close to collapse because of a clash with its lenders. | |
  | The hedge fund run by Crispin Odey is threatening to raise its stake in Sirius Minerals (SXX) if the share price slides, deepening doubts about a £405m takeover of the embattled miner by FTSE 100 giant Anglo American (AAL) |
 | HSBC Holdings (HSBA) faces a crunch decision on its chief executive with UniCredit’s Jean Pierre Mustier up against caretaker boss Noel Quinn. |
 | Hammerson (HMSO) will slash its dividend and heavily write down the value of its assets alongside a sobering set of results this week. |
| Digital bank Revolut mistakenly froze the accounts of a French company, trapping thousands of euros, in a blunder that has raised questions over its compliance processes as it grows at breakneck speed. |
| Murdoch tabloids suffer losses. News Group Newspapers, which publishes the Sun, reported a pre-tax loss of £69m for the year to the end of June. | |
| The Government and its advisers are racing to finalise the sale of British Steel to Chinese firm Jingye amid widespread speculation that it could fail to meet a deadline this week. | |
| SoftBank urged to unwind part of its $146bn stake in Alibaba. SoftBank’s stake in Alibaba is worth $146bn, making it an ‘obvious’ source of funds to meet Elliott Management’s $20bn share buyback demands. | |
| Five-a-side football operator Powerleague has routinely sent customers urgent pleas for cash to meet some of its costs just over a year after a rescue plan that resulted in the closure of 13 sites and the loss of 109 jobs. |
| Die another day: however ugly the figures, Aston Martin Holdings (AML) has survived again. A new model, a new factory – and a new billionaire paying the bills – brings hope for 007’s carmaker. | |
| Environmental groups have called into question the Bank of England’s commitment to tackling the climate emergency while it retains one of Britain’s most senior oil company executives on its governing board. | |
| Cliffhanger for small investors who poured money into Yorkshire mine. Thousands of locals bought stock in a new potash mine near Whitby. But the money ran out and big business moved in, leaving shareholders with a tricky choice. |
 | The boss of Ryanair Holdings (RYA) has launched a scathing attack on the Government’s rescue of the rival airline Flybe in the national media. |
 | Hornby (HRN) has raised £15million from investors to take it into the 21st century. The models firm, most famous for its toy trains, said it had sold 37.2m shares for 36p each to its existing investors Phoenix Asset Management and Artemis Investment Management, pulling in £13.4million. |
 | Barclays (BARC) was last night facing an investigation by the data watchdog over ‘Big Brother’ computer software it used to spy on staff. |
 | Property group Daejan Holdings (DJAN) rocketed after the billionaire family that controls it offered to take it private in a £270million deal. |
| A former Great Western Railway boss convicted of expenses fraud is now an award-winning senior executive at National Express, it has emerged. |
 | Rio Tinto (RIO) acts on diversity with more women on board. Miner appoints non-exec directors from Schlumberger, JPMorgan and Oxford University. |
 | Barratt Developments (BDEV) executive sells down. House builder releases half-year results a week before share disposal. |
 | WH Smith (SMWH) and Daily Telegraph reach peace agreement. Retailer resumed sales at the weekend after a spat over shrinking margins. |
 | Pearson (PSON) warns it is near ‘bottom of valley’ as US downturn takes toll. Chief John Fallon says digital push will help address slide in textbooks business. |
| JPMorgan Chase is in talks to launch a digital bank in the UK. Move could shake up retail banking market as Brexit spurs others to shift operations. | |
| Raf Simons to join Prada as co-creative director. Luxury group targets high-end shoppers with appointment of renowned designer. | |
| Wells Fargo to pay $3bn for fake accounts scandal. Authorities say fourth largest US bank suffered from ‘complete failure of leadership’. |
 | Lloyds Banking Group (LLOY) has revealed that annual profits slumped by more than a quarter to £4.39 billion, after it was hit by a £2.5 billion bill for the payment protection insurance (PPI) scandal. |
 | Ashley (Laura) Holding (ALY)‘s losses have ballooned in a tough year for the fashion retailer, as it continues to stay afloat despite serious worries over the business’s finances. The loss before tax hit £4 million in 2019, up from £1.5 million the year before. |
 | Revenue and profit jumped at defence giant BAE Systems (BA.) in 2019, the company said, as it announced a new deal for its pension pot. The company’s revenue hit £18.3 billion, while operating profit grew to nearly £1.9 billion. |
| António Horta-Osório, formerly Britain’s best-paid banking boss, has taken a 28% cut to his £6.5m pay package as Lloyds Banking Group (LLOY) reported a sharp fall in profits last year. |
| Barclays (BARC) using ‘Big Brother’ tactics to spy on staff, says TUC. Bank admits using tracking software to log how long staff spend away from their desks |
| Anglo American (AAL) chief defends rescue bid for Sirius Minerals. Mark Cutifani says the group’s £524m offer for developer of North Yorkshire fertiliser mine is ‘fair and reasonable’. |
 | Smith & Nephew (SN.) full-year sales surpass $5bn for the first time. The medical device maker faces ‘additional uncertainty’ from the coronavirus outbreak. |
 | Boeing Co (BOE)’s small suppliers plagued by uncertainty over 737 Max. Distributors to the plane maker face capital squeeze and delay in investing in new machinery. |
 | Recruiter Hays (HAS) hit by slowdown in German market. Profits also dented by strikes in France, UK election and Australian bushfires. |
| to halve pension deficit with £1bn injection. UK defence group forecasts growth in earnings and cash on the back of a strong order book. | |
| Lloyds Banking Group (LLOY) warns profitability to fall as low interest rates hit. Bank chief António Horta-Osório faces 29% pay cut as part of shift to new remuneration model. |
| Doubts over Anglo American (AAL)’s £405 million takeover of Sirius Minerals have deepened after the hedge fund run by Crispin Odey opposed the deal. |
| BAE Systems (BA.) has said that it will have to find £1.9 billion to shore up liabilities in its pension schemes, whose liabilities are so large that they dwarf the company’s market value. |
| Anglo American (AAL) has insisted its £405 million bid for Sirius Minerals is “fair and reasonable” after a hedge fund joined small shareholders in pushing for a higher offer. |
| Lloyds Banking Group (LLOY) has reported a 26 per cent drop in annual profits to £4.4 billion. The fall was slightly worse than the City expected, with analysts forecasting profits of about £4.5 billion. |
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