Sunday newspaper round-up: Ted Baker, Shanghai, Just Eat Takeaway
Updated : 18:59
Ted Baker's suitor from the other side of the Pond could step away from its bid for the fashion group. Authentic Brands had been negotiating an acquisition for £1.50 a share. Jut last week Ted Baker had said it was in talks with a 'preferred counter-party'. But now the US group is said to be studying deals elsewhere and the talks will in any case likely take several weeks. Other UK deals were a possibility although the US market remained its main focus. - Financial Mail on Sunday
Just Eat Takeaway is facing unexpected hurdles in its plans to divest its US unit Grubhub in the form a multibillion-pound writedown. Grubhub was purchased by Just Eat under a year ago for $7.3bn (£5.8bn). Yet sources say potential bidders are being offered the business at a fraction of that price following the sell-off in the stock market. Indeed, no buyer may be forthcoming at all. - Sunday Times
Shanghai is rushing to avoid an economic disaster through attempts to relaunch economic activity in June following two months of lockdowns on the back of the country's zero-Covid strategy. Authorities are focusing on infrastructure and construction projects, alongside increased lending and reopening international trade. - Sunday Telegraph
Warsaw is laying the groundwork for emergency bond sales to finance its efforts to host millions of Ukrainian war refugees, which have put a big strain on the government's finances. By issuing so-called social bonds, the Polish government is hoping to benefit from the recent drive for ethical investing, demand for which has pushed interest rates on such debt down. - Sunday Telegraph
Royal Mail's bosses have drawn up plans to boost the delivery outfit's Sunday proposition tenfold, meaning that customers will not have to wait until after the weekend to receive their parcels. The aim is to achieve leadership in weekend online shopping. The company's boss, Simon Thompson, also hopes to take market share from rivals including Amazon, DPD and Evri. - Financial Mail on Sunday