Tuesday newspaper round-up: EU referendum, Brexit, Mining

Bankers, traders and analysts are preparing for a night in the office on 23 June to respond to exit polls on the EU referendum that could spark wild swings in foreign exchange and bond markets. In echoes of the preparations for the Scottish referendum in 2014, major City firms will have teams of experts available through the night to respond to customer queries and demands to move money. - The Guardian

Pro-Europe MPs will fight a rearguard battle to stop Britain leaving the single market even after a Brexit vote, senior Tories have warned. Those negotiating Britain’s new relationship with the EU after a Leave vote have been told that they would not be given a “blank cheque” by MPs if they thought the new arrangements were not in the country’s interests. - The Times

High levels of debt and an uncertain global economy will continue to dog the big mining companies in 2016, a new report has warned. The end of the boom in China, and the subsequent crash in commodity prices, has left miners in a race to the bottom, PwC said in its annual review of the sector. - The Daily Telegraph

Fresh from lambasting the “lamentable behaviour” of Sir Philip Green in the sale of BHS, the Institute of Directors is pushing for the accountancy watchdog to investigate the transaction. Simon Walker, director-general of the business lobby group, has written to the Financial Reporting Council to “strongly urge” it to investigate whether the board of Sir Philip’s Arcadia Group had failed in its duties to promote the success of a company. - The Times

Orders among UK firms have fallen to their lowest level for almost three years as growing worries over this month’s EU referendum hit the British economy. Accountancy firm BDO reports that company investment is flatlining, forcing them to rein in their hiring plans. It fears that economic growth could fall sharply unless firms bolster their investment plans later this year. - The Guardian

A vote to leave the European Union on 23 June would “put a bomb under the economy”, David Cameron has claimed as he sought to move the referendum debate away from immigration with a show of cross-party unity. The Prime Minister was joined by senior figures from opposition parties to claim that leaving the single market without a clear economic plan would have “a profound and damaging effect on our economy”. - The Guardian