Thursday newspaper round-up: Theresa May, City hiring, BT, MyLocal

Theresa May will on Thursday launch her bid to become prime minister with a promise to restore business confidence and stability to a country reeling from last week’s Brexit vote. The home secretary is running as the “safe pair of hands” candidate for the Tory leadership, with allies confident that in uncertain times Tory MPs and activists will prefer her to Boris Johnson, her principal rival. – Financial Times

The City’s hiring market is in for a prolonged slowdown as uncertainty triggered by the Brexit vote compounds already difficult conditions for financial services. “It’s been a tough hiring environment anyway and it just got tougher,” says Dee Symons, a managing director at executive search group Russell Reynolds. “We’re in June so the next two months over the summer would typically be quiet for City hiring, Brexit or no Brexit.” – Financial Times

Let us separate matters. We face a political upheaval of the first order, but this is a necessary catharsis. Governments come and go. So do political parties. We face a much more serious constitutional crisis. It is why some of us want a national unity government, keenly alert to the interests of Scotland and Northern Ireland. – Telegraph

New Zealand has offered its top trade negotiators to the United Kingdom, relieving the British civil service as it prepares for the strain of seeking new deals with countries across the globe. The Telegraph understands that the Commonwealth country has made an offer to loan staff to the UK in a diplomatic cable sent to the British civil service, which has few trade negotiators of its own. – Telegraph

The telecoms industry plans to use the Brexit vote as a new weapon in the fight to break up BT by telling the chief executive of Ofcom that she can now act without fear of an intervention from Brussels if she chooses to split up the former monopoly. The regulator completed a lengthy review of the structure of the UK telecoms market this year that put the issue of BT’s ownership of Openreach — the engineering company that controls the national broadband network — at the centre of the debate over the future of Britain’s broadband. – The Times

Thousands more shop workers are facing the threat of possible redundancy as the contagion on the high street spreads. My Local, the convenience chain, was on the verge last night of formally appointing KPMG as its administrator, with more than 1,200 jobs at risk. – The Times

Thousands more shop workers are facing the threat of possible redundancy as the contagion on the high street spreads. My Local, the convenience chain, was on the verge last night of formally appointing KPMG as its administrator, with more than 1,200 jobs at risk. – Guardian

Almost 90 former call centre workers for BetFred have won an average £5,300 each in redundancy pay six months after being laid off by the high street bookies. The 88 workers, mainly women, reached out of court settlements totalling £469,000 after the trade union Unite launched a Facebook campaign and issued legal proceedings calling on BetFred to honour redundancy terms in their contracts. - Guardian