What the Sunday papers say
SUNDAY EXPRESS
HMV never made a profit in its six years under American ownership, racking up losses of more than £39million prior to its collapse.
SALES of old-fashioned wheel locks have risen over 50 per cent this year, as motorists seek to counter high-tech thieves, according to Halfords. STOCK markets will continue their rollercoaster ride well into the new year experts predict, as 2018 draws to a close with major indices down for the year.
SUNDAY TIMES
CHELSEA FC owner Roman Abramovich has emerged as the biggest London stock market winner of 2018, chalking up average gains of more than £1.6million a day from his share portfolio.
THE vulture fund that owns HMV took almost £50million in fees out of the struggling music retailer during its five-year ownership, while HMV paid no corporation tax.
SUNDAY TELEGRAPH
MORE than £100billion has been wiped off the value of the world’s five biggest tobacco companies this year as worries grow about increased regulation and the rise of vaping.
THE Government has just days to address growing fears that an EU ban on power station subsidies will plunge the energy sector into crisis.
OBSERVER
HAPPY Christmas? HMV is calling in administrators and the next two or three weeks threaten to be a litany of doom for the retail industry.