The Times
CBI Chief seeks an end to damaging Brexit row: The new Director-general of the CBI has held out an olive branch to members of the business lobby group who want Britain to quit the European Union.
Ikea goes up West with click and collect: Ikea is exploring a deal to bring its flat-pack furniture to the West End of London after entering talks to take space in the BHS department store on Britain’s most famous shopping street.
Laing O’Rourke puts high-speed, low-cost option on table for HS2: Britain’s largest privately owned building company will pitch this week to deliver the most complex and expensive part of the HS2 high-speed line, promising to ship dozens of bridges, pre-cast 90 miles away in Nottinghamshire, at a fraction of conventional construction costs.
Super-rich are super-generous with their £1 million-plus donations: The super-rich made almost 300 donations worth £1 million or more to charitable causes or foundations last year. According to the latest Coutts Million Pound Donor report, which is being published, the number of £1 million-plus donations rose from 292 in 2013 to 298 last year, the highest recorded since the report was first produced in 2008.
China’s dividends hit by slowdown: The flow of dividends from China, the tenth-biggest global provider of income for investors, looks set to go into reverse for the first time this year as a consequence of the country’s stalling economic growth.
Vedanta ready to exploit a rich seam of new business: Anil Agarwal is planning to light a fire under India’s thermal coal business. The Indian billionaire said that his Vedanta Resources mining group was looking at a string of coal licences in eastern India that will be auctioned off by the Indian government in 2016, taking advantage of rock-bottom commodity prices to expand in its home market.
House prices offer little respite for buyers: The average asking price of a home in England and Wales has fallen by only 1.3% over the past month at a time when prices usually tumble to attract buyers over the quieter Christmas period.
Loophole lets builders develop greenfield land: Councils are being forced to allow housebuilding in the countryside because of flaws in government rules on how targets for new homes are set, a study has found.
The Independent
Protect manufacturing innovation, George Osborne told: Manufacturers are set to unveil more gloom as their champions warn the Chancellor that the U.K. could be left in the industrial slow lane by cuts in support for innovation and exports.
Paris massacre threatens stocks and Europe’s fragile recovery: Stock markets across Europe are braced for turmoil on Monday as the horrific Paris attacks reverberate through the financial world and threaten the region’s still-fragile economic recovery.
Financial Times
Number of women in top U.K. posts rises: There has been a sharp increase in the number of women at the top of the U.K.’s largest public companies, demonstrating the success of government-mandated targets for greater female representation, although the overall number of female heads remains low.
http://www.ft.com/intl/cms/s/0/7b72b154-8a04-11e5-90de-f44762bf9896.html#axzz3rcbahWbe
Amazon launches online platform to tap into U.K. start-up scene: Amazon will this week launch an online platform for British start-ups to sell and market their products, providing a new shop window for small tech companies attempting to reach a wider range of consumers.
http://www.ft.com/intl/cms/s/0/3d41a3ae-89f0-11e5-90de-f44762bf9896.html#axzz3rcbahWbe
Virgin Care wins NHS child health services: Virgin Care, part of Sir Richard Branson’s business empire, has won a £64 million contract to run community child health services for the NHS as it continues to expand its reach in the rapidly growing healthcare market.
http://www.ft.com/intl/cms/s/0/efb5de5a-8b81-11e5-8be4-3506bf20cc2b.html#axzz3rcbahWbe
Roche warns on U.K.’s pricing for cancer drugs: Roche has warned it is not willing to accept lower prices in the U.K. compared with comparable countries in Europe and urged the government to work with industry to ensure access to the latest cancer drugs through the National Health Service.
http://www.ft.com/intl/cms/s/0/b2f001dc-8a08-11e5-90de-f44762bf9896.html#axzz3rcbahWbe
AstraZeneca urges antibiotics investment shake-up: AstraZeneca has urged the government to develop a new model for incentivising investment in antibiotics and warned of the “terrible human cost” of the rise in drug-resistant infections.
http://www.ft.com/intl/cms/s/0/7d3fd1de-8a08-11e5-90de-f44762bf9896.html#axzz3rcbahWbe
Enel close to disposal of stake in Slovak utility: Italian power producer Enel is close to disposal of a controlling stake in Slovakia’s largest utility company, as part of a €5 billion plan to shift its attention faster-growing emerging markets.
http://www.ft.com/intl/cms/s/0/6ecdb5f6-8a1e-11e5-9f8c-a8d619fa707c.html#axzz3rcbahWbe
Credit Suisse prepares to set up trading floor in Dublin: Credit Suisse is on course to become the first international bank to set up a major trading floor in Dublin.
http://www.ft.com/intl/cms/s/0/54c7388a-8a23-11e5-9f8c-a8d619fa707c.html#axzz3rcbahWbe
Caterpillar warns lower Chinese demand will limit sales: Caterpillar, the world’s largest mining and construction equipment manufacturer by sales, has warned that it does not expect Chinese demand for excavators to recover to the peaks of 2010-12.
http://www.ft.com/intl/cms/s/0/25ce20f8-895f-11e5-90de-f44762bf9896.html#axzz3rcbahWbe
Global dividends rise: Global dividends rose in the third quarter as economic recovery, increasing consumer confidence and dramatic growth in the North American market propelled payouts higher.
http://www.ft.com/intl/cms/s/0/45d965a6-8b8a-11e5-8be4-3506bf20cc2b.html#axzz3rcbahWbe
Lex:
Fitbit: Follow that: Fitbit foists daily motion tracking on its customers. The device maker’s stock has fallen by a similar amount in the last five days. The trigger for the decline, which included a 12% fall was a follow-on share sale.
http://www.ft.com/intl/cms/s/3/15456f20-8b1c-11e5-8be4-3506bf20cc2b.html#axzz3rcbahWbe
The Daily Telegraph
New CBI Boss tones down pro-EU stance in maiden speech: The new head of the Confederation of British Industry will use her maiden speech to further tone down the business lobby group’s pro-EU stance as it presses for change in the bloc.
Rolls-Royce woes spread to car brand: The Boss of Rolls-Royce Motor Cars has complained that the crisis at its jet engine maker namesake, Rolls-Royce Plc, is damaging the image of his company’s luxury cars.
Saudis consider economic refocus as low oil prices bite: Saudi Arabia is conducting a major budget review to counter claims that it is running out of money as falling oil prices cut government income.
Finance Chiefs feel less confident due to Eurozone woes: Confidence is draining away from finance Bosses throughout Europe as ongoing fears about the economic health of the Eurozone keep firms from taking a risk on spending, even as their own performance improves.
Tyrie to warn Bank of threat to bond market as liquidity falls: Declining liquidity in the bond market could threaten financial stability, a senior Conservative MP is set to warn Bank of England Governor Mark Carney.
Black Friday costs U.K. retailers £180 million in returned goods: U.K. retailers could incur costs of £180 million from consumers returning goods bought during the 24-hour sales period of Black Friday this year.
The Guardian
Japan’s ‘quintuple dip’ recession delivers a fresh blow to Abenomics: Japan has slid back into recession for the fifth time in seven years amid uncertainty about the state of the global economy, putting policymakers under growing pressure to deploy new stimulus measures to support a fragile recovery.
Lack of affordable homes will exclude 350,000 from housing market by 2020: At least 350,000 households will be excluded from the housing market by 2020 because of a lack of affordable homes to rent or buy, according to a new report.
Wealthy homebuyers prefer to live in cities: Wealthy homebuyers are choosing urban living over a rural idyll, according to analysis of prime property sales by Knight Frank.
Greece misses bailout deadline as talks with creditors drag on: The deadline to dispense further rescue loans to debt-stricken Greece was extended by Eurozone countries once again on Sunday amid continuing deadlock between Athens and its creditors.
Ex-HBOS Bosses likely to escape fines because of delayed report: Former HBOS Bosses who are expected to be heavily criticised this week over their role in the bank’s near-collapse are likely to escape fines because regulators’ report into the matter took so long to complete.
Warmer autumn weather triggers coat and knitwear discounts: Fashion retailers are rolling out the discounts early for the second autumn in a row after warmer than average weather hit sales of coats and knitwear.
Daily Mail
CBI’s Carolyn Fairbairn admits some members want Brexit – but insists majority want to remain in if government can secure reforms: The first female Director General of the CBI admitted some members want Britain to leave the European Union – but insisted the majority of firms want to remain in, provided the U.K. government can secure reforms.
Queen of punk Dame Vivienne Westwood puts boot into Chancellor George Osborne over fracking: The Chancellor George Osborne will be called an ‘a**e’ by fashion designer Dame Vivienne Westwood over his demands to fast-track fracking and her claim he has failed to encourage a ‘green economic revolution’, her spokesman has said.
Small businesses key to solving U.K.’s productivity gap, claims Goldman Sachs: Small businesses are key to solving the U.K.’s productivity gap, claims Goldman Sachs.
EasyJet set to post its highest ever annual profits of about £700 million next week: EasyJet is set to post its highest ever annual profits of about £700 million next week.
Daily Express
Strong pound keeping U.K. price growth at bay: Inflation is expected to remain at minus 0.1% again when official figures for October are published.
Room for Airbnb to improve website?: Fraudsters infiltrating Airbnb’s property rental site with bogus offers scammed holidaymakers out of £1,500, leaving their travel dreams in ruins and fending off further hacking attacks.
The Scottish Herald
Vets Now sees profits surge as it plots further expansion: Emergency pet care provider Vets Now has reported a 65% lift in its profits and signalled further expansion plans in England.
ZoneFox clinches Seric deal after £650,000 fundraiser: Zonefox, the Edinburgh-based software security specialist, has landed a contract with Seric Systems, the technology infrastructure provider, following its latest funding round.
Rosemount spends big on move to new training centre: Training company Rosemount Holdings has invested more than half a million pounds to acquire new premises in Irvine.
The Scotsman
Scots high street facing tough times as footfall dips: Scotland’s retailers are becoming “increasingly adept at harnessing the internet” as footfall continues to falter on the high street and in shopping centres, according to a survey out.
Family business Anderson to change its name: One of Scotland’s largest family-owned businesses is changing its name after 80 years as it broadens its activities and geographic reach.
Conference venue signs up to Scots food pledge: The Edinburgh International Conference Centre and its catering provider Leith’s have signed up to a pioneering Scottish food and drink pledge.
City A.M.
A third of British and American retailers say Black Friday is unprofitable: Britain’s biggest online shopping fixture Black Friday is dividing the retail industry, with a third of major retailers saying it is unprofitable while the same number believe it provides a major fillip, research by LCP Consulting shows.
Finance Executives feel U.K. business outlook is bleak, and confidence is low across Europe in general: More than a quarter (29%) of U.K. Chief financial officers (CFOs) feel less optimistic about the financial prospects of their business than they did three months ago, according to a Deloitte report released.
Spending Review 2015: EEF says Treasury should remember “increasingly fragile” manufacturing outlook: British manufacturers are warning the Treasury that deep cuts to research and development budgets would hurt U.K. growth and exports.
Sports Direct in talks to open Lillywhites concessions in House of Fraser: Sports Direct is reported to be in talks with House of Fraser about introducing concessions of its famous Piccadilly store Lillywhites inside the department store chain.
Discounters Aldi and Lidl pick up the space race left by Big Four supermarkets: The big four supermarkets may have called an end to the space race. But for Aldi and Lidl the race has just begun, after new figures show the discounters have submitted plans for nearly five times as many stores.
U.S. investment giants Starwood Capital and Apollo vie for control of budget hotelier Travelodge: A battle is heating up for control of Travelodge after two U.S. investment giants emerged as the frontrunners to buy the budget hotel chain, which is expected to fetch as much as £1.5 billion.
Carney warned over gilt market instability risks: A decline in bond market liquidity could threaten financial stability, the Chairman of the Treasury select committee has warned.
