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What the Papers SayBack

The Financial Times

Companies set to face pressure from trustees as pension funding gap widens

money

UK companies are paying less towards meeting their pension shortfalls than at any point since 2009, even as aggregate pension deficits reach their highest level in five years.

Employers face fresh crackdowns over migrants

Businesses hiring illegal workers will be ‘hit from all angles’, minister warns

Companies and Markets

Esure warns of injury claims surge

Alert wipes £100m off insurer’s value

Fears that price rise plans will deter customers

Esure hit another roadblock yesterday as the car insurer warned of a surge in injury claims by accident victims, wiping more than £100m off its market value

Gazprom-China deal blighted by low oil prices

Gazprom’s 30-year contract for gas supplies to China was based an optimistic view of the oil market and offered no protection in the event of a prolonged period of low prices, the Russian company suggested yesterday.

The Times

Bentley driver ‘hit gardener at 70mph’ in Notting Hill

The driver of a Bentley has appeared in court accused of killing a 23-year-old gardener by ploughing into him at 70mph in Notting Hill, west London, and then fleeing the scene.

Motorway smoke diverts plane

Aircraft flying over a motorway had to be diverted after a tanker carrying propane gas burst into flames.

Business

Crude to hit record low, warns JP Morgan

One of Wall Street’s top investment banks has slashed its oil price forecasts and warned that crude is on track to hit record lows this autumn.

JP Morgan said that it was cutting its average forecasts for Brent and US crude, the two key global benchmark contracts, by $16 a barrel for 2015 and $19 for 2016 amid fears of a growing global supply glut.

The Daily Telegraph

Business

Sunny retail sales figures fade away as rain drives shoppers home

Britain’s topsy-turvey weather dampened a sunshine sales boost for the nation’s retailers last month.

A heatwave at the start of July prompted shoppers to splash out on updating their summer wardrobes, but sunny enthusiasm was rained off later in the month with consumers choosing to hunker down with takeaways instead.

The Guardian

Tributes paid to top dancer killed in motorbike collision

Tributes have been paid to the ballet dancer Jonathan Ollivier, who was killed in a motorbike collision on Sunday, with peers describing him as one of the most charismatic and powerful dancers of his generation.

Posted by Lois Hardy on 11/08/2015