Below are the key morning headlines from today’s papers, featuring the Financial Times, The Times, The Telegraph, The Daily Mail & more - see the full Press section here.


- The pressure on Britain’s struggling department stores chains is intensifying, with Debenhams working with restructuring experts and John Lewis & Partners set to report weak interim results this week. Debenhams (DEB)  has asked KPMG to help to compile a list of options, which could include plans to hand back excess store space to landlords and a company voluntary arrangement, an insolvency process that allows retailers to close shops and reduce rents to cut costs.

- International Consolidated Airlines Group SA (CDI) (IAG)  – British Airways is facing a £500m group action lawsuit over its handling of last week’s cyber attack that ­accessed 382,000 customers’ personal data. SPG Law is launching legal action over claims that BA was compensating customers for “direct financial losses” but not for the “inconvenience, distress and misuse of their private information”

- Cuadrilla and its partners have burnt through at least £60m in their Lancashire shale gas operations before even beginning fracking. The private equity-backed shale gas explorer has tapped its shareholders for a further $6m in recent months after exhausting the funds provided under a deal with Centrica (CNA) , the British Gas owner.

- Former Just Eat (JE.)  employees have accused the company of failing to stamp out sexism and harassment in the workplace, after management were made aware of incidents. An investigation by The Daily Telegraph discovered that female workers were subject to sexist comments and harassment, with claims that management had dissuaded them from pursuing any action against their male colleagues. One employee said the harassment “went from zero to 100 in a couple of days”.

- Relx plc (REL)  has scrapped its corporate structure in the Netherlands to unify under a single UK parent company. The manoeuvre has been executed in parallel to similar move in the opposite direction by Unilever, but without the political tug-of-war between Britain and the Netherlands that preceded the Persil maker’s decision to make Rotterdam its sole corporate base.

- Shares in Sir Martin Sorrell’s new advertising venture will start trading shortly, months before it completes the takeover of a Dutch agency. The founder of WPP is using Derriston Capital (DERR),  a cash shell, to build his “next generation” advertising company. Shares in Derriston were suspended in May, when he took control.

- Travel titan TUI AG Reg Shs (DI) (TUI),  which operates the world’s largest charter airline, is in talks with aviation regulators over a bespoke 12-month transition deal to mitigate the fallout of a no-deal Brexit. Industry sources said the London-listed travel company is negotiating a “letter of comfort” with the Civil Aviation Authority (CAA) to allow flights to continue as normal, despite Tui in theory falling foul of EU ownership rules.

- A member of the family who founded Takeda has criticised the Japanese drug company’s proposed takeover of Shire Plc (SHP),  stepping up the opposition to the multibillion-pound deal. Kazu Takeda, one of the shareholders resisting the deal, said that the takeover could damage Takeda. “Hasty decisions on big deals should be avoided,” he said. “It will lead to disaster if there are large-scale mergers and acquisitions without careful consideration.”