Sunday newspaper round-up: Sainsbury's, Nisa Retail, Brexit, Lloyds, Jaguar Land Rover

Sainsbury’s is closing in on a takeover of Nisa Retail, the member-owned convenience store group - but is set to face a rebellion from independent shopkeepers opposed to its demutualisation. Britain’s second-biggest supermarket chain is understood to have won a bidding war with the Co-operative Group for Nisa, which has 2,900 stores and £1.3bn in sales. Sainsbury’s is said to have offered £2,500 a share, valuing Nisa at £130m, based on 52,000 shares in issue - The Sunday Times

Fears are growing of a recruitment crisis for British business in the event of a hard Brexit with almost half of companies reporting a drop in the number of EU nationals applying for jobs. The vast majority of firms want a soft Brexit and half of those questioned believe negotiations – which are due to begin in Brussels tomorrow - should be delayed because the prospects of a good deal have been damaged by the shock Election result. - Mail on Sunday

Lloyds Banking Group is expected to extend the deadline for making compensation offers to victims of the HBOS Reading fraud, as it emerged only one of 64 affected customers has received compensation. Lloyds had pledged to do so by the end of June. The compensation is too come from £100m the bank has set aside for the victims of the fraud, which took place between 2003 and 2007 before it bought HBOS at the height of the financial crisis. - The Observer

Jaguar Land Rover is drawing up plans to hire an extra 5,000 engineers and technical staff in the next 12 months in what will be seen as a major boost to the UK economy ahead of its departure from the European Union. The recruitment drive, which could be announced this week, will see the country’s biggest automotive business - which produced 544,000 cars on its British production lines last year - increase its domestic workforce by almost 15pc to 42,000. - Sunday Telegraph

Barclays could be hit with criminal charges this week over its Gulf-backed emergency fundraising in 2008. Following a five-year investigation, the Serious Fraud Office (SFO) is expected to reveal its decision on the case on Tuesday morning. - The Sunday Times

Booking a flight used to be so simple – now travellers need the attention to detail of a contract lawyer combined with the skills of a mathematician to know if their ticket represents a good deal. Ryanair is at the centre of allegations – which it denies – that it splits up families travelling together to panic them into paying up to £11 a person extra each way for allocated seats. - Mail on Sunday

Brussels will publish proposals this Wednesday to force financial intermediaries to automatically disclose any new cross-border tax schemes offered to clients. Those designing and promoting aggressive avoidance structures will have five working days to file details with their local tax authority, according to a leaked version of the proposals, drawn up by the European commission. - The Observer

The Chancellor has dismissed speculation the UK could pursue a soft Brexit and remain part of the EU’s customs union and the single market. There have been rumours that Philip Hammond, who backed the remain camp during last year’s EU referendum, will use Theresa May’s weakened authority following the general election to force the prime minister to water-down her Brexit stance. - Sunday Telegraph

The former boss of Ve Interactive, the one-time tech “unicorn”, has had his assets restricted as a lender pursues him in the High Court. David Brown, a flamboyant entrepreneur, and Martin King, his lieutenant, must notify the court five days before selling any assets worth more than £50,000, under terms set out in a hearing on Friday. - The Sunday Times

Customer service standards across swathes of the financial services industry remain as unacceptable today as they did five years ago. This is despite the regular naming and shaming of serial offenders by the likes of the Financial Conduct Authority (the City’s regulator) and the Financial Ombudsman Service. Even the occasional company fine has not improved matters. - Mail on Sunday

ITV’s hunt for a chief executive has narrowed to a shortlist that includes a senior Sky executive, the boss of an insurance group and the head of a Scottish broadcaster. Its board is expected to discuss the selection process at a meeting this week that could identify Adam Crozier’s successor, with an official announcement expected in July. - The Observer

Bosses at Ocado will be urged to rebrand the online grocer in the City as a technology business and overhaul their investor relations team when they face an activist shareholder for the first time this month. Richard Bernstein, the fund manager behind Crystal Amber, is to meet Duncan Tatton-Brown, Ocado’s chief financial officer, during the last week of June, after his investment firm revealed a 0.5pc stake in the food delivery business a fortnight ago. - Sunday Telegraph