What the Sunday papers say
SUNDAY EXPRESS BROADCASTER ITV looks set to post a seven per cent drop in pre-tax profits next week as advertising revenues slide and viewers tune in to Netflix and Amazon. AIRBNB is moving upmarket and targeting holidaymakers and travellers outside its traditional millennial user base, as it works towards stock market flotation. EMPLOYERS are being urged to do more to encourage workplace pension saving as new research shows that many women and older workers are opting out.
SUNDAY TIMES SIGNS of accelerating wage growth have convinced a deputy governor of the Bank of England that swifter rises in interest rates are needed. YOUTUBE is hosting videos that show potential sex traffickers how to make payments to a classifieds website notorious for prostitution.
SUNDAY TELEGRAPH INTERSERVE is struggling to put together a crucial debt refinancing deal after the collapse of Carillion spooked its lenders. CITY institutions are preparing to dive into marine conservation financing as the first “debt for ocean” swap moves ahead in the Seychelles islands.
OBSERVER BRITISH Gas owner Centrica said it would shed a further 4,000 jobs by 2020 as part of a cost-cutting programme it blamed on the Government’s energy price cap and fierce competition in the market. SHARES in the AA plunged by almost a quarter after the breakdown firm warned profits would be lower than expected.