The Guardian says that tech giant Apple has been accused of securing preferential terms from mobile operators wanting to offer the iPhone in an attempt to squeeze out competition from rival brands, according to one of the company’s former senior executives.
Apple will announce the launch of a music-streaming service called iRadio next week, according to The Times, and has reportedly been in discussions with ad executives to build support for the service.
The Independent says that G4S’ annual general meeting on Thursday was assailed by protestors and a large number of shareholders angry at executive pay. 21% of shareholders voted against remuneration for executives, the paper says.
Marc Bolland, the frontman of Marks & Spencer didn’t receive a share bonus worth a potential £2.9m after the High Street department store unveiled its worst annual profits in four years, writes The Scotsman. However, the paper says that his pay package was still worth some £2.1m.
“The beginnings of a trade war between China and the European Union could escalate into a damaging battle that might hurt the UK, economists have warned,” writes The Telegraph. This comes after China responded to EU anti-dumping tariffs on solar panels with a levy on European wine.
The Guardian says that UK real estate agent Foxtons is preparing for a stock-market flotation which could value it at more than £400m. Private-equity group BC Partners has appointed banks to prepare for an initial public offering, the paper says.
Virgin Rail is to sue Network Rail due to the infrastructure provider’s constant delays on the West Coast mainline, reports the Financial Times.
The Times says that Roger Bootle’s consultancy business Capital Economics is up for sale and will make the well-known economist tens of millions of pounds.
