Monday newspaper round-up: BP, Morrison, Vince Cable…
BP claims that US law firms in the Gulf of Mexico area have won some of the biggest compensation awards for themselves under settlements for the Deepwater Horizon disaster, caused by a misinterpretation of the deal, the Financial Times revealed.
Morrison Supermarkets chief executive Dalton Philips said the British grocer is ready to pay an online sales tax on its new internet delivery business if the government is willing to address the “massive disadvantage” that the high street suffers compared to web-based retailers, The Telegraph said.
Business Secretary, Vince Cable, is on Monday set to announce plans to increase trust in UK businesses including new powers to disqualify directors, according to The Guardian.
General Electric is said to be considering a £3.5bn bid for Invensys, which makes components for oil refineries, The Independent reported.
Tesco is looking to open its first store that combines a large Tesco Extra and a Dobbies garden centre in October, The Times reported.