What the Sunday papers say

SUNDAY EXPRESS THE banking sector is under renewed assault from the tech-driven start-ups and regulators a decade after the credit crunch. MOBILE phone supplier EE is using superfast 4G mobile technology to stream films to rural communities and even climbers on mountains. TECHNOLOGY stocks have smashed record highs last reached at the height of the dot.com bubble in March 2000, sparking renewed fears of a crash.

SUNDAY TIMES ASDA is exploring a £4.4billion takeover of B&M, the fast-growing discount retailer run by billionaire brothers Simon and Bobby Arora. THE Italian owner of clothing label Diesel has entered the race to buy Belstaff, the British luxury fashion brand promoted by David Beckham. UBER has announced pay rises in its latest bid to repair its image and draw a line under the sexism row that has engulfed the ride-sharing giant.

SUNDAY TELEGRAPH THE troubled British microchip designer Imagination Technologies has become a takeover target for a private equity fund backed by the Chinese government. PROFIT warnings have fallen to the lowest level in seven years as British companies confound the current economic gloom.

OBSERVER BANK of America became the latest high-profile City firm to reveal last week its post-Brexit EU hub, selecting Dublin as the location for some of its activities, amid fresh calls for the UK to clinch a transitional deal before it leaves the 28-nation bloc in 2019.