Sunday newspaper round-up: Heathrow, Brexit, BT, Worldpay, Tesla

A hotels tycoon and a US construction giant have launched a bid to build and operate the third Heathrow runway in competition with the airport, claiming their plans are up to £6.7bn cheaper. Surinder Arora, who is worth £258m, has submitted proposals to the government that could break Heathrow’s monopoly on the airport. Arora, working with Bechtel, has made a pitch to build, own and run the third runway and Terminal 6 in rivalry with Heathrow. One of the plans put forward would avoid the need for a controversial bridge over the M25. - The Sunday Times

Investors in HSBC face a looming clash with regulators over whether the bank’s next chief executive comes from within its ranks or from outside. Britain’s biggest bank appointed Mark Tucker, the former boss of Hong Kong-based insurer AIA and of Prudential, as its first external chairman in its 152-year history earlier this year. - Sunday Telegraph

German industry has warned Britain not to rely on its help in securing a good Brexit deal, in a stark intervention that strikes a blow at the government’s EU departure plans. Senior ministers have repeatedly claimed since the election that Germany’s powerful exporters will exert pressure for a deal handing Britain substantial access to the EU’s markets. - Observer

Fresh signs of a slowdown in the housing market are expected this week when one of the most highly regarded barometers of the sector is released. The UK Residential Market Survey from the Royal Institution of Chartered Surveyors is seen as one of the best lead indicators of house price movement. It is expected to show a dip in the balance of members reporting house price rises. - Mail on Sunday

The Bank of England has told the City there will be no bonfire of regulations after Britain leaves the EU. Sam Woods, head of the Bank’s regulatory watchdog, warned insurance chiefs last week that future rules governing the sector would stick close to EU standards. - The Sunday Times

BT is plotting a major corporate shake-up in an attempt to pull itself out of a slump and soften the impact of a series of recent financial blows.The telecoms giant has called in consultants from McKinsey to conduct a review of its businesses in the hope of saving hundreds of millions of pounds per year. - Sunday Telegraph

It started with a white swan event in 2015: singer Taylor Swift frolicking in a giant inflatable swan with her then boyfriend DJ Calvin Harris. A picture to capture the moment, posted on Instagram for the perusal of Swift’s mere 102 million followers, was the harbinger of one of this summer’s key sales trends as Britons traded in their standard issue mattress-shaped lilos for kitsch inflatables to elicit envy on social media. - Observer

A renewed love affair with vinyl is creating a surge in demand for old turntables and record players. It means equipment that was thrown away as obsolete junk just a few years ago can fetch hundreds – sometimes even thousands – of pounds. - Mail on Sunday

The chairman of Worldpay has blamed sterling’s post-referendum crash for the £9bn sale of the company to an American rival. Sir Mike Rake, former president of the CBI, said the Brexit-induced plunge in the value of the pound had “killed” Worldpay’s hopes of leading consolidation in the payment processing industry. Last week, the company, which handles two out of every five card payments in British shops, agreed to a takeover by US competitor Vantiv. - The Sunday Times

The head of Theresa May's employment review will call this week for companies such as Uber and Deliveroo to hand workers new rights that protect flexibility and enhance pay. Matthew Taylor, who was commissioned by the Prime Minister last October to lead a review into modern work, will demand safeguards that ensure a larger share of flexible workers earn more than the minimum wage. - Sunday Telegraph

When Donald Trump, Vladimir Putin and other world leaders boarded their planes at the end of a two-day summit in Hamburg on Saturday, they left behind a bruised and beaten city whose historic identity had been shaken to the core. Two nights of rioting, looting and transport chaos left many residents asking why their government had decided to hold the annual summit of leading economies in a densely populated city with such a strong tradition of counter-cultural protest. - Observer

Tesla shares crawled ahead on Friday as its cheapest electric cars started to roll off the production line in California. The stock was up around 2 per cent in early trading in New York, having been hammered in the week when Swedish rival Volvo revealed all of its cars will be fully electric or hybrids from 2019. - Mail on Sunday

A secretive American investment firm backed by Mark Zuckerberg is considering a £1bn bid for Tottenham Hotspur. Iconiq Capital has held talks with a number of buyout firms about a possible bid for the north London club, which came second in the Premier League last season. - The Sunday Times

US hedge funds are planning to wrest control of hire-purchase electricals chain Brighthouse from its private equity owners after the company became overwhelmed by its debt pile. It is understood that a consortium of bondholders led by Wall Street investment giant Apollo are attempting to engineer a debt-for-equity swap, with the retailer's borrowings due for repayment next year and heavy losses mounting. - Sunday Telegraph

Millions of over-50s are being pressured to take out pre-paid funeral plans without realising relatives could be left with additional costs, a report warns. Consumer group Fairer Finance says a perfect storm is brewing as an explosion of online and telesales organisations target elderly and more vulnerable people with a “sell at all costs” mentality. - Observer

A scaffolding tycoon who emigrated penniless from Syria to France nearly 50 years ago has snapped up a British oil services giant. Mohed Altrad, president of Montpellier rugby club, has bought Middlesex-based Cape for £332m. - Mail on Sunday

The French software developer Schneider Electric is preparing a fresh tilt at its British rival Aveva, after two failed merger attempts in the past two years. Pressed by investors at recent meetings, Schneider has indicated it is interested in another move for the Cambridge-based oil and gas software business, sources said. The two companies explored a complex reverse takeover in 2015, while further merger talks broke down last year. - The Sunday Times