In the papers: BAE Systems, Reebok, Microsoft, NHS


(MENAFN- ProactiveInvestors - UK) Proactive Investors, 09:10

The Times
BAE needs three years' profit to plug black hole in its pension: BAE Systems is identified as the employer that will struggle the most to honour pension promises in an analysis of retirement provision by British companies.
Miners strike rich seam in the rising price of coal: An unlikely resurgence in the price of coal could deliver an $18 billion boost to the four big mining groups listed in London.
Analysts put Deutsche's net loss at €610 million: Deutsche Bank is set to declare a bumper loss for the third quarter with tougher capital requirements for banks deemed to be of global importance to the world's financial system threatening to add to its woes.
Hard Brexit 'will cut air passenger numbers by 19 million': A hard Brexit will lead to a reduction of almost 20 million in the number of people flying in and out of the U.K., according to analysis from international aviation Chiefs.
MPs warn OBR that reforms will not prevent interference: The government's fiscal watchdog has been told that reforms it has proposed to protect its forecasts from political interference are inadequate.
Lidl's power struggle with Co-op: Lidl is opening one of its biggest U.K. stores next week in Maryport, Cumbria, but the new 'store of the future' will be powered by a generator after a spat with the Co-op next door (Deirdre Hipwell writes).
University gamers read the runes in China: A games company that started life in a student room at the University of Cambridge and went on to develop into the $750 million Runescape franchise is taking a big plunge into the Chinese market after being sold to a conglomerate based in Shanghai.
Firms fear post-Brexit red tape will hinder them: Two thirds of smaller businesses believe that the government must make avoiding red tape and higher tariffs a priority in its EU exit talks, according to a survey of the U.K.'s largest chamber of commerce.
The Independent
Watch Reebok use 3-D technology to make a sneaker out of liquid: Reebok enters the 3-D printing sneaker game, following recent efforts by Under Armour.
The Daily Telegraph
Microsoft to raise prices by up to 22% after slump in pound: Microsoft is to increase its prices by as much as 22% in the U.K. because of sterling's recent decline, a rise that is likely to affect thousands of businesses and could cost the Governments tens of millions of pounds.
May must deliver on new industrial strategy, insist manufacturers: Britain must quickly devise and implement a long-term, comprehensive industrial strategy to ensure the country's economic future in the wake of Brexit, according to the U.K.'s manufacturers.
Confusion reigns over RBS branch sale amid reports of EU-appointed trustee: Question marks over when a Brussels-appointed trustee could take control of the sale of Royal Bank of Scotland's Williams & Glyn unit emerged this evening as the saga over the troubled unit rumbles on.
EU exporters have more to lose than the U.K. from tariffs after Brexit: Companies across the EU would suffer more than double the hit from trade tariffs than their U.K. counterparts if Britain leaves Europe without a free trade deal, research from the right of centre think-tank Civitas says.
Steel Chiefs to meet government for crunch talks: Steel Bosses are set for a crunch meeting with Greg Clark, the new Business Secretary, this week as they lay out to him the extent of the crisis the industry is in.
The Guardian
Belgium given EU ultimatum to secure Canada trade deal, but Wallonia defiant: The European Union has given Belgium's federal government until late on Monday to secure backing for an EU-Canada trade deal from the region of Wallonia or a planned summit to sign the pact will be cancelled.
RBS paid consortium including Church of England at least £180 million for flotation: A consortium made up of private-equity firms and the Church of England has received at least £180 million from Royal Bank of Scotland for backing the bailed-out bank's aborted attempt to float off 300 branches on the stock market.
PPI and Brexit to loom large when high street banks report results: Further charges for the payment protection insurance mis-selling scandal and details of the impact of Brexit will be in the sights of investors when the high street banks report their third-quarter results this week.
U.K. to avoid recession in 2016, official figures expected to show: Fears of a post-EU referendum recession in the second half of the year are expected to be proved unfounded by figures released this week.
Majority back higher borrowing for better infrastructure, says poll: A majority of the British public will back extra government spending on road, rail and housing to improve the country's infrastructure, according to an exclusive poll for the Guardian that indicates strong support for Philip Hammond to boost public investment in next month's autumn statement.
Channel 4 to start sponsorship bids at £8 million for Great British Bake Off: Channel 4 is to start bids to sponsor The Great British Bake Off at as much as £8 million as advertisers salivate at the prospect of cooking up the first commercial relationship with the biggest show on U.K. TV.
Daily Mail
Oil prices fall takes toll on Intercontinental Hotels as bookings in the U.S. and Middle East drop: Shares in Intercontinental Hotels fell as the firm became a victim of record low oil prices which have caused a slowdown in booking in the U.S. and Middle East.
Daily Express
BHS brand Owners eye major international expansion: The Qatari Owners of the BHS brand are to push the retailer through a major international expansion.
Pension scheme uncertainty prevents BHS liquidation: Prolonged talks between Sir Philip Green and the Pensions Regulator aimed at saving the BHS final salary pension scheme are preventing the company from being put into liquidation, sources claim.
Post-Brexit vote figures show Britain's economy slowing: Britain's economic growth nearly halved during the third quarter to 0.4%, new official figures due on Thursday are expected to show.
British company strikes rice deal with China among Brexit fears: A British company has landed a Brexit deal selling rice to China.
Britain to lose £23 billion if Heathrow airport is denied third runway: Britain will lose approximately £23 billion of international trade to Germany and France by 2030 unless Prime Minister Theresa May gives the go-ahead this week to plans to expand Heathrow.
The Scottish Herald
Brexit 'poses threat to university hopes': An architect whose practice specialises in designing university buildings has voiced fears the higher education sector may have to curb their ambitions because of a funding crunch arising from the U.K.'s decision leave the European Union.
MSHB acquires Lindsays licensing division: Scottish legal practice Miller Samuel Hill Brown (MSHB) has acquired the licensing division of Lindsays in a deal that is believed to have created the largest legal licensing team in Scotland.
Updates from Britain's biggest banks expected to reveal further PPI scandal hit: Britain's biggest banks are expected to reveal another mammoth hit from the payment protection insurance (PPI) scandal in next week's third quarter updates.
Brexit fallout may hit acquisitions: Businesses are cooling on acquiring or merging with U.K. companies since the Brexit vote, in spite of the weak pound making targets more attractive on a cost basis.
The Scotsman
Edinburgh's office take-up shrugs off Brexit uncertainty: Edinburgh could experience another 'strong' year in take-up of office space after a resilient third quarter and despite uncertainty in the aftermath of the Brexit vote, new data from property consultancy Knight Frank has revealed.
Trainers and decorative flamingos kick CD racks off shopping lists: White trainers and decorative flamingos and pineapples are among the products consumers could not live without over the last year as selfie sticks, tablecloths and CD storage racks fell out of fashion, according to a report into a year in the life of the British shopper.
Call to help Dundee's Waterfront progress: Entrepreneurs in the hospitality, leisure and tourism service sectors are to be invited to come forward and help drive the expansion of Dundee's Waterfront economy in a 'rare blank canvas development opportunity', it was announced .
City A.M.
U.K. open for business following Brexit vote, but lack of innovation and inability to toot our own horn letting the side down: Global business leaders rate the U.K. as a place to do business, but lack of innovation and businesses' inability to sing their own praises is stopping the country from reaching its full potential, according to research out.
NHS trusts eye £5 billion savings in supply chain deal: The NHS Shelford Group of 10 trusts has inked a deal with software firm Virtualstock to use its supply chain management software.
Activist eyes change at Scottish TV channel: Scottish television channel STV has become the target of activist investor Crystal Amber.
Psychiatric hospital operator to sell its adult services for £400 million: One of the U.K.'s biggest psychiatric hospital operators Cambian is planning to offload its adult services arm for up to £400 million.
BHS administrators track millions taken out of retailer by Dominic Chappell: One of the administrators of BHS wants to take control of Retail Acquisitions (RAL), the company Dominic Chappell used to buy the retailer for £1.
Fenwick family takes out £5 million dividend despite warning on new cost pressures: The Fenwick family has taken a £4.8 million from their department store chain while warning about the pressure government is placing on the retail sector.
British American Tobacco (BAT) hopes for lucky strike with $47 billion offer for remaining stake in Reynolds American: Reynolds American is this week expected to respond to a $47 billion (£38.4 billion) takeover offer from British American Tobacco (BAT), in a move that would create the world's largest listed tobacco group by turnover.

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