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.
- Partners at one of the world’s largest accountancy firms are set for their biggest payday in nearly a decade in a move that could give more ammunition to critics of the four big audit firms. The 702 equity partners of Deloitte will receive an average payout of £832,000 for the latest financial year, a rise of 0.6% year-on-year, their biggest in nine years.
- Lack of suitors leaves Electra Private Equity (ELTA) on the shelf. Ed Bramson has suffered a setback after failing to find a buyer for the rump of Electra Private Equity (ELTA) , the investment trust he first laid siege to five years ago.
- American approval for medicine is shot in the arm for Shire Plc (SHP) takeover. A potential blockbuster medicine developed by Shire Plc (SHP) has been approved in the United States, bolstering a Japanese rival’s reasoning for taking over the London-listed drugs maker.
- Ladbrokes Owner GVC Holdings (GVC) chided by Labour’s Tom Watson over past ‘illegal’ bets. The deputy Labour leader Tom Watson has criticised the gambling firm GVC Holdings (GVC) over historic practices used to disguise payments from illegal markets.
- Melrose kicks off GKN break-up with £1.9bn sale of powder metallurgy division. Melrose Industries (MRO) is courting bidders in a multi-billion sale of the best-performing part of GKN, the historic engineer the turnaround company acquired less than six months ago in a hostile takeover.
- Stagecoach on track for fiery AGM clash over executive pay. Stagecoach Group (SGC) , the transport giant, is braced for a fiery AGM with its calamitous handling of the East Coast rail franchise fresh in the memory of shareholders.
- Metro Bank (MTRO) pays another £2.8m to firm owned by chairman’s wife in deal that casts doubt on its claim to be different to rivals.
- Fishing for business: how Angling Direct (ANG) tackled the UK high street. After a successful market debut and a 56% sales jump, the fishing retailer is rapidly growing. At a time of great uncertainty on Britain’s high streets, with some of the best known names in retail struggling or going bust, Angling Direct (ANG) is opening more shops. Its 23rd shop will open its doors to customers in Guildford on 1 September, soon to be followed by a 24th store in Peterborough. The company has identified another 20 other popular fishing locations for future stores.
- Rolls-Royce Holdings (RR.) offers data expertise to nuclear reactors. Aerospace group says it could use ‘live tracking’ to improve maintenance
- Kettle parts-maker Strix Group (KETL) aim to build head of steam in US. Investors have shown themselves thirsty for company behind thermostatic controls.
