Sunday newspaper round-up: Glencore, THG, John Wood Group

(Sharecast News) - The board of Teck Resources is piling on the pressure for the mining group to initiate talks with Glencore over its proposed $23bn (£19bn) takeover offer. Meanwhile, advisory group Glass Lewis has joined ISS in pushing for Teck's shareholders to reject a split that will be submitted to a vote on 26 April. According to Glass Lewis, Glencore's offer was sufficiently compelling to justify pausing the separation and engaging in negotiations. - The Sunday Times

One of THG Group's major shareholders, who wanted to remain anonymous, has urged the company's founder, Matt Mouldig, to "start to rebuild confidence" by "putting in a couple of results that beat targets", and to create "some momentum before looking to release value." The same shareholder said that funds had approached Moulding and proposed that he de-list the health and beauty e-commerce outfit. - The Financial Mail on Sunday

John Wood Group may soon enter into talks with Apollo regarding a proposed £1.66bn takeover offer from the US private equity outfit. In recent days, the oil and engineering company had sought written assurances regarding questions such as how a bid would be financed and potential competition issues that might arise. John Wood had previously rebuffed four other approaches from Apollo. The first of those offers was made at 200.0p a share while the latest is for 240.0p.

A recent cyber attack against Capita by Russian hacking group Black Basta is looking much more serious than admitted to by the outsourcer. Clients' bank account details, addresses and passport photos are all now being leaked online. The company had previously assured that people's personal details had not been compromised. It had also denied that its data was for sale on the dark web. - The Sunday Times