Tuesday newspaper round-up: Fat cat pay, Toys R Us, LSE
Several of Britain’s best-known companies, including Burberry, Sky and Sports Direct, are included on a list ordered by the prime minister of firms rewarding bosses with “fat cat pay” and representing the “unacceptable face of capitalism”. More than a fifth of Britain’s FTSE listed-firms are included on the “name and shame” register of companies that Theresa May said risk damaging “the social fabric of our country” by paying bosses too much money. - Guardian
Toys R Us UK is facing potential collapse this week with the loss of 3,200 jobs as it struggles to win the support of the state-backed Pension Protection Fund (PPF) for a planned restructure. The PPF, the industry-funded, state-backed safety net, demanded that the troubled retailer pump about £9m into the ailing Toys R Us UK pension fund. – Guardian
Oxford University spin-out Evox Therapeutics has struck a research deal with one of Europe’s largest pharmaceutical firms to develop DNA modifying drugs for deadly diseases such as cancer. Privately-owned Evox, founded only last year, has agreed a tie-up with German giant Boehringer Ingelheim, a €15.9bn (£14bn) turnover drug maker based near Frankfurt. – Telegraph
Kaspersky Lab, the Russian cyber security firm, has filed a lawsuit against the Trump administration over the decision to ban the use of its products in federal systems. In September, the US government gave federal agencies three months to remove Kaspersky's security software, citing concerns over espionage. – Telegraph
The billionaire hedge fund manager behind a campaign to oust the chairman of the London Stock Exchange is set to skip an investor meeting tomorrow at which his future will be decided. With victory looking increasingly less likely for The Children’s Investment fund, Sir Christopher Hohn is not expected to turn up to a central London hotel where shareholders will vote on whether to keep or dump Donald Brydon as the exchange’s chairman. – The Times
Boeing and Bombardier went head-to-head at a heated hearing of the American International Trade Commission, one of the final steps in a trade dispute expected to conclude in February. The world’s largest aerospace company has accused Bombardier, its smaller Canadian rival, of accepting illegal government subsidies from Canada and Britain to build its new C-Series jet. – The Times