Sunday newspaper round-up: Trump visit, Brexit, Gaucho, Poundworld, Northern rail

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Sharecast News | 15 Jul, 2018

Updated : 13:13

Prince Charles and Prince William were unwilling to meet Donald Trump on his visit to Britain, leaving the Queen to greet the US president alone. The first two in line to the throne let it be known during informal discussions about the arrangements for the president’s four-day trip that they did not want to take part. - The Sunday Times

British workers are increasingly confident in their finances and careers as the UK’s jobs boom feeds through into better pay and job prospects, despite deepening gloom among business leaders. Consumer confidence has risen to its highest level since Deloitte started measuring it in 2011, with its index - which is always in negative territory - rising to minus four. - Sunday Telegraph

Theresa May has revealed that Donald Trump advised her to “sue the European Union” rather than negotiate with the 27-country bloc, in a private conversation that the US president referred to during his visit to the UK on Friday. The prime minister was asked on the BBC’s The Andrew Marr Show what the “brutal” Brexit negotiating advice was that Trump had talked about in their joint press conference outside the prime minister’s Chequers country retreat. - Observer

The Argentine restaurant group Gaucho is teetering on the brink of administration, putting 1,500 jobs at risk, as it races to secure a deal that will help it pay a £1m-plus tax bill. The company is understood to be weighing three potential rescue deals before a late-night deadline for the bill by HM Revenue & Customs on Friday. - Mail on Sunday

Theresa May’s former chief of staff has resigned as a minister after being caught sexting, the fourth minister to quit in just a week. Andrew Griffiths, 47, the minister for small business, sent 2,000 sexually explicit text messages to two female constituents more than 20 years his junior. - The Sunday Times

More than 1,000 Poundworld workers will be out of a job next week as the failing discount chain’s administrators shutter another 80 shops after struggling to find a buyer. The cuts come on top of 25 other closures announced on Tuesday and will bring the total number of redundancies to around 1,350, including around 100 head office workers who were given their marching orders last month. - Sunday Telegraph

The railway company Northern has announced more than 170 train services will be cancelled on Sunday. The train operator said it was likely more services would be scrapped, with Cheshire, Lancashire and Greater Manchester faring the worst, and Yorkshire also affected. - Observer

A staggering £122.5million in prizes went unclaimed in the last year as thousands of Euromillions, Lotto and scratchcard players failed to claim their winnings, This is Money revealed. According to figures from Camelot, roughly three percent of winnings go unclaimed each year. - Mail on Sunday

Debenhams faces a cash crunch as credit insurers tighten terms for its suppliers, piling further pressure on the struggling department store chain. One of the leading insurers, Euler Hermes, is understood to have reduced cover dramatically for suppliers to Debenhams, while rivals Atradius and Coface are said to have refused to cover new shipments in recent days. - The Sunday Times

Two influential shareholder advisory groups, ISS and Glass Lewis, have recommended 21st Century Fox shareholders accept Disney's $71bn (£54bn) bid over the rival offer tabled by Comcast. Disney's offer for Fox's entertainment assets is higher than Comcast's, at around $38 per share compared to $35 per share. - Sunday Telegraph

The cut-price books, crafts and toys chain The Works has shrugged off the troubles on the high street with plans for a £100m stock market listing that will give its private equity owners and management a £36.7m payout.Its chief executive, Kevin Keaney, said the 447-strong chain was aiming to open 50 more outlets a year as the market was “crying out for a really family-friendly retailer”. - Observer

Britain's boardrooms are braced for a barrage of protests from investors this week with City heavyweights under fire for poor performance and super-sized bonuses. The Mail on Sunday said water giant Severn Trent, embattled retailer Mothercare, train operator FirstGroup and online white goods retailer AO World are all set for a dressing down. - Mail on Sunday

Ministers are set to unveil plans to build a new fighter jet tomorrow - in a move that will sustain thousands of jobs and continue more than a century of combat aircraft manufacturing. The commitment to develop a sixth-generation manned fighter is expected to be the highlight of defence secretary Gavin Williamson’s Combat Air Strategy, a blueprint for sustaining military aerospace design and manufacturing skills. - The Sunday Times

Senior executives face a ban on selling shares for up to five years under a new regime drawn up in the wake of the Carillion scandal to discourage short-term decision making. The Financial Reporting Council’s (FRC’s) revamped Corporate Governance Code will require remuneration committees to consider imposing bans on executives selling shares given through long-term incentive plans soon after they step down. - Sunday Telegraph

Bosses fear tens of thousands of City jobs could be lost after the Government set the scene for a ‘hard Brexit’ in financial services last week. The Chequers agreement, released in a White Paper on Thursday, was broadly welcomed by business and gives protection to airlines, medicines and goods. - Mail on Sunday

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