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Sunday Papers: FSA turns attention to former Barclays chief

And WPP is searching for a number of new non-executive directors.

Sunday Papers: FSA turns attention to former Barclays chief

Top stories

  • The Sunday Telegraph: John Varley, Barclays' former chief executive, is at the centre of a regulatory inquiry into unorthodox payments to Qatar's sovereign wealth fund.
  • The Observer: Apple and Motorola set to launch new phones as competition heats up ahead of the most lucrative Christmas yet.
  • The Independent on Sunday: Royal Bank of Scotland has hired Morgan Stanley as its broker, formally severing ties with the Hoare Govett team that the state-backed bank sold to Jefferies earlier this year.
  • The Sunday Telegraph: WPP is searching for a number of new non-executive directors as part of a move to refresh its board following the damaging "no" vote on pay at its annual meeting in June.
  • The Sunday Telegraph: Jon Moulton, the private equity specialist, is examining a rescue of JJB Sports, the ailing sports retailer.

Business and economics

  • The Sunday Telegraph: Kurt Geiger, Britain's third largest shoe retailer, is to turn its back on UK expansion in favour of overseas growth as a result of high rents and unsustainable levels of business rates that it claims are "killing UK retail".
  • The Sunday Telegraph: Antony Jenkins has promised to spend more of his time "listening than talking" with investors and regulators as he prepares to overhaul Barclays' executive management structure.
  • The Sunday Telegraph: TalkTalk, the telecoms and broadband provider that is moving into mobile telephony and television in the hope of offering customers a rival service to Virgin Media, is to create 500 new jobs.
  • The Sunday Telegraph: The chief executive of Wm Morrison, Dalton Philips, will put his faith in a new fresh-food format for the company's supermarkets this week as he battles to reverse a decline in sales.
  • The Sunday Telegraph: Ryanair chief executive Michael O'Leary will this week accuse airports operator BAA and its regulator of inflating the value of Stansted airport with accounts straight out of "Noddy land".
  • The Independent on Sunday: Buses-to-trains transport group Go-Ahead will this week reveal how the slowdown in the UK economy has hit its returns.
  • The Independent on Sunday: Darty, the struggling electrical retailer, is set to be the latest to face a battering over executive pay at its forthcoming annual meeting thanks to the substantial “golden hello” handed to chief executive Thierry Faleque-Pierrotin.

Share tips, comment and bids

  • The Sunday Telegraph: Robert Bourne, the British property developer who saved the Old Vic theatre from ruin, has been paid a £5 million dividend from his property management company.
  • The Sunday Telegraph: Britain's biggest technology investors have warned Apple not to risk completely fracturing its relationship with Samsung in the wake of its sweeping patent victory over its rival.
  • The Sunday Telegraph: Sir John Bond, chairman of Xstrata, is under pressure from his shareholders to step down in the wake of the miner's faltering £45 billion merger with commodity giant Glencore, which is expected to be voted down this week.
  • The Independent on Sunday: Investment bankers working on the troubled Glencore-Xstrata £53 billion megamerger will lose almost £70 million in fees if, as expected, the deal collapses this week.
  • The Independent on Sunday: Shareholders in Trinity Mirror will press Simon Fox, the new boss of the struggling newspaper publisher, to reignite merger talks with Northcliffe, the regional newspaper arm of Daily Mail and General Trust.
  • The Observer (Comment): New chief executive Antony Jenkins has the chance to make his bank a market leader by divesting its investment banking arm.
  • Mail on Sunday: The new chief executive of Barclays fears that interest-only mortgages could become the next ‘mis-selling’ scandal, potentially costing billions of pounds and engulfing the bank in customer complaints.
  • The Independent on Sunday (Comment): Barclays' in-house spin-doctors and external public relations advisers have certainly earned their corn, portraying their new boss, Antony Jenkins, as a homely successor to the seemingly ruthless, disgraced Bob Diamond.
  • Mail on Sunday (Midas share tip): Buy Raven Russia

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Capita jumps as Woodford and Barnett back cash call

by Daniel Grote on Apr 23, 2018 at 10:31

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