What the Sunday papers say

SUNDAY EXPRESS SUPERMARKET giants will need to consolidate or acquire businesses to diversify their earnings as their margins are “unsustainable”, according to the head of one of the grocery sector’s biggest firms. PICCOLO, the organic baby food firm backed by Great British Bake Off judge Prue Leith, has raised fresh finance to fund its expansion outside Britain and Europe. FRAUDSTERS con people out of more than £250million a year with bad investments and that is maybe the “tip of the iceberg”, according to the Financial Conduct Authority.

SUNDAY TIMES PHILIP Hammond is poised to offer an olive branch to business in this month’s Budget by scrapping plans to raise the business tax rate by 3.9 per cent next April. REBEL Nisa shopkeepers are seeking to block a £143million takeover offer by the Co-operative Group, which faces a crucial membership vote this week.

SUNDAY TELEGRAPH FORD is gearing up to launch a bus network in London, gatecrashing the capital’s crowded transport market and establishing a new rival to Uber. THE head of the Serious Fraud Office has kick-started his search for a lucrative role in the legal industry as the white-collar crime authority hunts for a successor to take on its heavy caseload.

OBSERVER THE new chief executive of Burberry, Marco Gobbetti, can expect some questions this week about the departure of Christopher Bailey from the fashion chain.