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Newspapers: The Times, Independent, FT, Telegraph, Guardian, Mail, Express, Herald 301017

The Times

Treasury in the dark over rule change for Saudi Aramco float: Treasury ministers were left in the dark about plans to alter U.K. listings rules in an effort to attract the potential £1 trillion-plus listing of Saudi Aramco to London amid intense competition to win the float.

Trump set to name Jerome Powell as favourite to replace Janet Yellen at U.S. Federal Reserve: The nomination of the frontrunner to succeed Janet Yellen to chair the U.S. Federal Reserve is set to be announced this week. Jerome Powell, 64, a member of the Fed’s board of governors, is likely to be announced as the nominee of President Trump, according to reports in the United States.

EY partners get £680,000 slice of success: Pay for British-based partners at one of the world’s biggest accountancy firms has swelled to nearly £680,000 as the professional services industry enjoyed bumper revenues in spite of Brexit and political upheaval around the world.

Rail companies adopt new public image to counter critics: Months of criticism of the railways have prompted companies in the industry to come together for the first time since privatisation more than two decades ago to demand that they be seen as a public-private partnership, with pledges to install a passenger ombudsman and to put the public on company boards.

Astrazeneca and Glaxosmithkline breach code of practice: Breaches by pharmaceuticals companies of the prescription medicines code have risen sharply.

The Independent

U.K. wine producers grow by 13% thanks to demand for niche drinks: Demand for niche drinks has helped to grow the number of wine producers in the U.K. by 13% in the past year, according to UHY Hacker Young.

Brexit: 20% of U.K. restaurants at risk of going bust, finds study: A rising number of British restaurants are at risk of going bust due to Brexit, according to new research.

Brexit: 11% drop in successful visa applications for overseas businesses since vote to leave EU: The Home Office clamps down on visas for foreign business representatives on the back of Theresa May’s desire to bring net migration down

Financial Times

Scotland’s ports gear up for the day North Sea oil runs dry: At the Port of Dundee on the east coast of Scotland, two signs of the North Sea’s past and future stand side by side.

Mitsui shifts focus to LNG as demand rises: Mitsui & Co, one of Japan’s largest trading companies, is shifting the focus of its energy operations from the traditional crude oil business to liquefied natural gas, on the back of growing Asian demand for cleaner fuels.

UBS to move 250 London staff because of Brexit: UBS could move as few as 250 people from London as a consequence of Brexit, lower than the 1,000 it initially feared, because it thinks it will be able to keep many of its back and middle office functions in the City, according to people familiar with the situation.

Mizuho considers long-term cuts to global workforce: Mizuho Financial Group is considering shedding up to a third of its global workforce over the next 10 years, becoming the latest big Japanese lender to streamline its operations in a bid to improve profitability and thin the ranks of its ageing employees.

Amex Chief Chenault earns rewards worth $370.00 million over 17-year tenure: Kenneth Chenault will walk away from American Express having pocketed more than $370.00 million during his 17-year tenure, a period in which the shares have returned more than the financial sector but less than the wider stock market.

Fosun Pharmaceutical to buy French drug distributor Tridem: The pharmaceuticals arm of Chinese conglomerate Fosun International has agreed to buy Tridem, an Africa-focused French drug distributor, for up to €63.00 million ($73.1.00 million).

Steel industry grapples with curse of oversupply: Around the world, a surplus of factories pose a threat to the sector’s health, according to industry executives. Even a recent rally in steel prices, efforts by China to shrink its extensive industry and moves to deter imports in many regions have failed to assuage concerns.

Chinese capital makes rapid ascent in global aircraft leasing: Chinese capital is expected to claim more than a third of the $261.00 billion aircraft leasing market by 2022, a seven-fold rise in just 14 years, according to a leading aviation data provider.

LME electronic trial may spell end of open outcry: The London Metal Exchange will start a trial next year to set closing prices for its metals electronically, rather than on its open outcry trading floor, a signal the last venue of its kind in Europe could face pressure to close.

China’s tech titans set sights on car innovation: For the past five years, China’s leading internet groups Baidu, Alibaba and Tencent have raced to put their lucrative apps on smartphone screens.

Rivals make a play for Reliance Communications’ customers: India’s largest telecom companies are circling troubled rival Reliance Communications, making explicit pitches for its 81.00 million customers as speculation mounts that it is set to dramatically cut back its business.

Daewoo Shipbuilding drops almost 65.0% as trading halt ends: Shares in Daewoo Shipbuilding & Marine Engineering shed close to two thirds of their value on Monday as the world’s second-largest shipbuilder traded for the first time in 15 months.

The Daily Telegraph

Ofcom raps Virgin Media over three-year iPhone contracts: The telecoms watchdog has intervened over fears Apple’s new £1,000-plus iPhone X could be used to tie consumers into a three-year mobile contract.

Grocers brace for verdict on Tesco’s £3.7 billion cash and carry takeover: Britain’s grocers are braced this week for the a provisional decision from competition watchdogs on Tesco’s £3.7 billion takeover of the cash and carry giant Booker.

Worries for car industry as sales forecast set for further downgrade: Confidence in Britain’s car industry will be dented again this week when industry figures reveal another cut in sales forecasts.

Ontario Graphite seeks £40 million in Aim listing: A Canadian graphite producer is drawing up plans to capitalise on the electric car boom and raise £40 million by listing in London.

British industry faces an energy cost crisis – and it is set to grow: Behind the political battles over household bills lurks a far greater energy cost crisis. It risks damaging British industry and undermining attempts to boost productivity after Brexit.

Heathrow critics say revised figures have ‘trashed’ original case for expansion: A major revision to the predicted economic benefits of a third runway at Heathrow has “trashed” Government evidence in support of the controversial expansion, opponents have claimed.

The Guardian

Monarch owner accepts ‘moral obligation’ over repatriation costs: The owner of the collapsed Monarch airline has said it has a “moral obligation” to help meet the costs of flying holidaymakers back to Britain after taxpayers footed the £60 million bill.

U.K. deficit to heighten pressure on Chancellor ahead of budget: Fresh analysis that reveals a hole of almost £20 billion in the public finances will heighten the pressure on the Chancellor, Philip Hammond, ahead of next month’s budget.

Sparkling employment figures mask real picture of U.K. economy: Falling unemployment has been the one bright spot in what has been a distinctly mediocre year for the economy. Harold Wilson was prime minister the last time Britain had a jobless rate as low as 4.3%.

Daily Mail

Bookshop chain Waterstones could be put up for sale by its Russian oligarch owner: Bookshop chain Waterstones could be put up for sale by its Russian oligarch owner.

Iraq militia ‘funded’ by British drug giant Astrazeneca: Lawyers claim bribes paid for weapons that killed soldiers: Astrazeneca was last night accused of funding a terrorist militia responsible for killing British soldiers in Iraq.

Daily Express

Bank of England set to raise interest rates for first time in a decade this week: The Bank of England is set to raise interest rates for the first time in a decade to combat rising inflation, according to economists.

Centrica to invest in smart homes manufacturer Carbon Dynamic: Centrica’s venture capital division is to invest in smart homes manufacturer Carbon Dynamic as part of its drive to identify new technologies and firms that can improve its products and services.

BT Chief Gavin Patterson expected to come under renewed scrutiny week as firm battles to recover from series of setbacks: BT Chief Gavin Patterson is expected to come under renewed scrutiny this week as the firm battles to recover from a series of setbacks.

City A.M.

Beaufort Securities and WH Ireland move into top five most popular stockbrokers for Aim-listed firms: A good quarter of adding new customers has pushed Beaufort Securities and WH Ireland into the top five stockbrokers to Aim-listed companies by client numbers, according to data published this morning.

Deutsche Boerse prepares shortlist for new Chief Executive by end of year after scandal-hit Carsten Kengeter’s resignation: Europe’s dominant exchange operator Deutsche Boerse already has a shortlist of potential candidates to be its next Chief executive, with an appointment to be made this year, according to its chairman.

Tate & Lyle looks for sweeter sales despite sluggish food demand: Ingredients maker Tate & Lyle will this week reveal whether it has kept its turnaround on track amid slower demand for its products.

HMV overtakes Amazon in fight for dwindling DVD and Blu-ray sales: The decline of DVDs and Blu-rays has allowed HMV to overtake Amazon to be the biggest seller of physical films in the country.

All Saints eyes up the Chinese market as it unveils sales jump: Shoreditch-based retailer All Saints is eyeing up a move into China as it aims to source a third of its sales from fast-growing Asian economies.

U.K. aerospace industry flies away from Brexit blues as aircraft production soars to new high: The U.K. aerospace sector is batting away Brexit blues, after the industry globally soared to a bumper third quarter for commercial aircraft deliveries, according to trade body Aerospace Defence Security (ADS).

Rocketing oil prices are expected to boost BP and Shell’s profits: Oil majors BP and Royal Dutch Shell are expected to report a boost to third-quarter profits this week as oil prices notched explosive growth in the period.

Supermarket Morrisons to report a lift from inflation: Morrisons the fourth-biggest grocer in Britain, will update investors this week about the effect of price inflation on its quarterly sales ahead of the crucial Christmas rush.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.