Friday newspaper round-up: Superdry, Amazon, Huawei, Ghosn

Euan Sutherland, the Superdry chief executive who walked out of the fashion group earlier this week in protest at a boardroom coup led by its co-founder Julian Dunkerton, is to be handed a £730,000 payoff. Sutherland, along with all the other board directors, resigned on Tuesday afternoon after a shock shareholder vote backed the reappointment of Dunkerton as a board director. – Guardian

Badly translated versions of classic books and critically panned remakes of Hollywood films appear to have glowing endorsements on Amazon thanks to the website’s policy of bundling together reviews of different products. Analysis by the Guardian shows products that have actually been given one-star ratings appear alongside rave reviews of better quality items, making it impossible for consumers to judge the true value of what they are about to buy. – Guardian

Cutting Huawei out of the UK's planned high-speed mobile network would cost £7bn and delay its launch for years, a report backed by Britain's biggest network operators has claimed. The Chinese telecoms company, which has been at the centre of espionage claims from US security services, has come under pressure from European network operators over its role in the launch of faster 5G mobile network technology. - Telegraph

More spending cuts could well be on the way for some departments as “the end of austerity” does not mean more cash for everyone, the Treasury has warned. Theresa May and Philip Hammond trumpeted the recovery in public finances last year and raised the prospect that the purse strings will be opened wide in this year’s spending review, which sets financial plans for the next three years. – Telegraph

The rearrest of Carlos Ghosn in Tokyo provoked concern yesterday that western executives will steer clear of Japan over fears of being caught up in its apparently harsh and unpredictable legal system. In a furious counter-attack, the once-powerful car industry executive denounced his arrest as “outrageous and arbitrary” and pledged to fight to prove his innocence. – The Times

Shoppers continued to put discretionary spending on hold last month, depriving high street sales of any meaningful gain from warmer spring weather and Mother’s Day. The latest BDO high street sales tracker showed like-for-like in-store sales rose by 4.8 per cent in March, but it was not enough to rebound from the dire performance a year earlier when the “Beast from the East” cold spell caused a 10.1 per cent drop. – The Times