Tuesday newspaper round-up: EU trade deal, Post Office, Nelson Peltz

(Sharecast News) - Keir Starmer's government has been told a closer EU trade deal is a "strategic necessity" for companies in Britain as growing numbers of exporters find it tougher to do business under the UK's post-Brexit agreement. Calling on Labour to accelerate its reset with Brussels, the British Chambers of Commerce (BCC) said the UK's existing trade and cooperation agreement (TCA) was failing to help them grow their sales in the EU. - Guardian The Post Office made a confidential deal with Fujitsu 19 years ago to fix errors in post office operators' accounts, a document has revealed. The document casts doubt on claims made by the postal service that they were not aware of bugs that could cause accounting shortfalls. The 26-page agreement, made in 2006, shows both parties had authorisation to alter post office operators' branch accounts, despite claims that it was not possible to remotely alter their balances. - Guardian

Nelson Peltz, the Wall Street billionaire, has spearheaded a $7.4bn (£5.5bn) deal for one of the City's biggest fund managers. The activist investor's Trian Fund Management has taken over UK-based Janus Henderson alongside General Catalyst, a Silicon Valley-based venture capital group that has previously backed the likes of Deliveroo and Monzo. The Qatar Investment Authority and Sun Hung Kai, a Hong Kong-based financial institution, were also part of a group of investors helping to bankroll the deal. - Telegraph

More than half of British businesses are struggling to expand their sales in Europe, where trade frictions appear to be worsening, research from a leading business group has found. A survey from the British Chambers of Commerce (BCC) found 54 per cent of exporters say the trade and co-operation agreement with the EU has failed to help them increase sales in the UK's largest market - a 13 percentage-point increase on last year. - The Times