Tuesday newspaper round-up: Brexit decision, Tesco, Hinkley Point

Jeremy Corbyn is expected to launch a new bid to frustrate Brexit by forcing Theresa May to send her final deal back to Brussels if Parliament votes against it. The Supreme Court will on Tuesday morning return its judgement on whether Parliament should be given a vote before formal Brexit negotiations begin in March. - Telegraph

Government lawyers have warned Theresa May that drawing up a very short piece of legislation in response to Tuesday’s supreme court ruling on whether MPs should be given a vote on Brexit may not be adequate. The Guardian understands that legal advice to the prime minister and the Brexit secretary, David Davis, suggests that while a single-clause bill would be politically attractive if they lose the case, it could store up difficulties for the government further down the line. - Guardian

Amsterdam is in talks with major financial institutions based in the city of London about their imminent relocation to the Dutch capital, but its deputy mayor has warned the national government that the country’s strict cap on bankers’ bonuses could put it at a disadvantage in the Europe-wide scramble to capture Britain’s financial sector. The Amsterdam mayor’s office has been in negotiations with American and Japanese banks, along with fintech firms and other specialist finance firms, about moving staff and operations from London as a consequence of the UK’s vote to leave the European Union. - Guardian

Tesco has mounted a robust defence against more than 100 shareholders, which claim that they have suffered millions of pounds of losses after the grocer’s accounting scandal. Britain’s biggest grocer has filed a 42-page defence in the High Court alleging that the 111 institutional investors have made “vague and amorphous” claims that cannot be substantiated. - The Times

EDF has raised the spectre of delays or cost overruns to its £18 billion Hinkley Point nuclear plant as a result of Brexit, warning that any restrictions to trade and movement of labour could hamper the delivery of energy projects. The French state-controlled company said Britain would have to import goods and skilled labour from around the world in order to make the “very substantial investments in new infrastructure” needed to keep the lights on. - The Times

Britain’s booming technology sector risks being forgotten in the rush to cushion traditional industries from the impact of Brexit, business leaders have said. A day after the government launched an unusually interventionist industrial policy designed to protect what it perceives as key areas of the economy, a group representing 900 tech companies said their lost access to European skills and markets could be far worse than was appreciated. - Guardian

Terry Smith has attacked investors and analysts for trying to predict political and economic events. In a spirited defence of his investment portfolio, the City veteran has told investors in his £9.1 billion Fundsmith Equity Fund that he was amazed by financial experts who “seem obsessed with trying to predict macro events on which to base their investment decisions”. - The Times

Pubs and restaurants could soon be fined for serving well-done items such as triple-cooked chips or thin and crispy pizza under a second phase of the Government's crackdown on burnt food. Following the launch of a major public awareness campaign yesterday to help people reduce "cancer-causing" acrylamide in food, the Daily Telegraph can reveal that food safety watchdogs are planning to extend the warning to every food-serving business in Britain. - Telegraph

The Serious Fraud Office has won the latest stage of a legal battle over the proceeds of the sale of an African oil business bought by Glencore, the London-listed commodities trader. The Court of Appeal yesterday upheld a freezing order on £4.4 million paid to Ikram Saleh, wife of Chad’s former deputy head of mission to the United States. - The Times

Barclays is set to lose £25 million as a result of the demise of King & Wood Mallesons, a prominent City of London law firm. If the bank takes what is expected to be a haircut of up to 70 per cent on its loan to the firm, it could represent the biggest loss incurred by a corporate lender in the wake of a law firm’s crash. - The Times

Taiwanese manufacturer Foxconn has appeared to back away from claims it is preparing to build a $7bn factory in the US. News of the plant, which could create some 30,000 to 50,000 American manufacturing jobs, first surfaced last year after a meeting between now President Donald Trump and the Japanese billionaire Masayoshi Son, head of Japanese telecom and tech investment giant SoftBank. - Guardian

Yahoo revealed its $4.8bn deal to offload its main web business to Verizon Communications has been delayed, just hours after it emerged the company is under investigation for the two record data breaches that have cast a shadow over the sale. The American internet company had been due to sell its core business to Verizon during the first three months of the 2017. - Telegraph