Press Round-Up Full (Premium)
Wednesday newspaper round-up: Brexit, Facebook, Amazon, China, Sports Direct, Evans Cycles
A disorderly no-deal Brexit would plunge the UK into recession, cost a million Britons their jobs and leave households an average of £2,700 a year out of pocket, according to a leading global credit rating agency. Standard & Poor’s said that the UK’s AA sovereign rating, the third highest grade, would be cut if Theresa May failed to secure a deal. - The Times.
Thursday newspaper round-up: Debenhams, Microsoft, WPP, Afren
Debenhams has confirmed plans to shut up to 50 stores, nearly a third of the UK-wide chain, putting up to 5,000 jobs at risk. The struggling department store also unveiled a near £500m annual loss as it writes off the value of its brand and the cost of unwanted shop leases and IT systems. Debenhams, which currently has 165 stores and employs 27,000 people, is struggling to adapt as shoppers switch away from the traditional high street towards spending more on leisure activities and to buying online.
Sunday newspaper round-up: Brexit, Theresa May, People's Vote, Ryanair, Debenhams, Babcock
A Tory rising star today issues a call to arms for MPs to oust Theresa May, saying Britain cannot be led by someone guilty of an “abject failure to govern” at such a defining moment in our history. Writing in the Sunday Times, Johnny Mercer says he “cannot continue to support an administration that cannot function” on issues from Brexit to the Grenfell Tower disaster and the Windrush scandal. - The Sunday Times.