What the Sunday papers say
SUNDAY EXPRESS
CITY banks, brokers and currency dealers are drafting in extra staff to deal with the fallout from tomorrow’s Brexit vote, with volatile markets expected in the aftermath. NETFLIX is expected to say that its net profits nearly doubled last year to $1.18billion (£929.5million), when it unveils results on Thursday. ANDCO, the “Airbnb of hotdesking”, is raising money from investors to finance its expansion outside London and internationally.
SUNDAY TIMES
PREMIER OIL, the debt-laden explorer, is preparing to tap shareholders for cash to help it buy about $1.5billion (£1.2billion) of fields in the North Sea. LANDLORDS are set for a fresh wave of pain after more than 20 struggling high street chains instructed Deloitte to assess whether they are eligible for debt restructuring in the past two months alone.
SUNDAY TELEGRAPH
MIKE ASHLEY’S brutal assault on Debenhams risks tipping the embattled department store over the edge, the City fears. HIBU, the Yellow Pages publisher, is up for sale five years after it collapsed into administration and lenders seized control.
OBSERVER
BROMPTON Bicycle has built up a £1million stockpile of bike parts, including wheel rims, spokes and steel, to guarantee supplies for its west London factory in case of a hard Brexit.
FLYBE has recommended shareholders accept a cut-price £2.2million takeover offer from a consortium led by Virgin Atlantic.