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Sunday Papers: Carney to put growth top of list

And Nat Rothschild has reported a pair of investors in Bumi to the Takeover Panel amid concerns the two are linked to the Bakrie family.

Sunday Papers: Carney to put growth top of list

Top stories

  • The Sunday Telegraph: The new Governor of the Bank of England has signalled that he will put growth at the heart of his approach to the job and is willing to see higher inflation for longer in order to support the economy.
  • The Sunday Telegraph: Nat Rothschild has reported a pair of investors in Bumi to the Takeover Panel amid concerns the two are linked to the Bakrie family, in the latest twist in the high-stakes battle for control of the FTSE mining company.
  • The Independent on Sunday: The board of retirement homes builder McCarthy & Stone will examine plans to pay off a big chunk of its debt this week.
  • Mail on Sunday: Morrisons has begun a new round of price negotiations with suppliers just six months after it called them in to ask for discounts.

Business and economics

  • The Sunday Telegraph: Britain’s nuclear industry faces a crucial test this week as Cumbrian councils vote on the next stage of plans for a £12 billion radioactive waste dump amid mounting local opposition.
  • Mail on Sunday: KPMG, Deloitte, PricewaterhouseCoopers and Ernst & Young are expected to infuriate MPs by refusing to identify which organisations they have advised.
  • The Sunday Telegraph: A non-executive director of Sportingbet, who joined the online gaming company just three months before it surrendered to a £485 million takeover, will bank more than £187,000 when the deal completes in March.
  • The Independent on Sunday: Goldman Sachs' chief executive, Lloyd Blankfein, has admitted that media pressure forced the Wall Street bank to drop its plan to save its British employees millions of pounds in bonuses through tax avoidance.
  • The Sunday Telegraph: Diageo will signal this week that its £1.3 billion deal for a majority stake in Indian drinks giant United Spirits could be delayed until the second quarter of the year as it continues to negotiate with regulators.
  • The Sunday Telegraph: The boss of Tata Consulting Services, one of India's biggest companies, has urged the Government to reform Britain's immigration laws and close the skills gap to boost growth.
  • The Sunday Telegraph: Plans for BP to begin drilling for oil and gas in Libya are in serious doubt in the aftermath of the terrorist attack on its gas production plant in neighbouring Algeria.
  • The Sunday Telegraph: Factions within the Treasury want the Financial Services Authority to "water down" the findings of a review of banks' mis-selling of complex financial products to small businesses.
  • The Sunday Telegraph: Big name companies in the field of cyber-security are eyeing a £100 million-plus contract to protect the Ministry of Justice's IT systems from hackers and computer viruses.
  • The Sunday Telegraph: The chairman of the Financial Services Authority is to open the door to a major overhaul of the way the Bank of England backs the economy, suggesting that a simple inflation target may not be sufficient to promote growth.
  • The Sunday Telegraph: Sir Michael Rake is stepping down as chairman of easyJet to ward off a potential corporate governance row as the low-cost carrier hovers close to the FTSE 100.
  • The Sunday Telegraph: British companies issued the most profit warnings since the height of the financial crisis last year, as zero growth at home and mounting risks abroad hit confidence and demand.
  • The Sunday Telegraph: Beijing will loosen its currency's peg to the dollar "much sooner" than expected, the head of one of China's top private equity firms has predicted.
  • The Sunday Telegraph: Britain is chasing an agenda that will scare away business and needs a proper "development plan" to accompany its austerity push, according to Oleg Deripaska, the Russian metals tycoon.

Share tips, comment and bids

  • The Independent on Sunday: Britain's insurance industry has spent more than £3 billion preparing for new European rules they believe will never be implemented, it has emerged.
  • The Sunday Telegraph (Comment): Starbucks threatens to suspend millions of pounds of investment in Britain after what it describes as constant and unfair attacks over its tax affairs by David Cameron and the Government.
  • The Observer (Comment): Lloyd Blankfein, the boss of Goldman Sachs, is unrepentant about plans – now dropped – to help the bank's already highly paid traders avoid paying the top rate of income tax.
  • The Observer (Comment): The presence of bosses at the World Economic Forum's side shows suggests a willingness to engage with the real world.
  • Mail on Sunday (Comment): A cold snap focuses the mind on life’s essentials, such as not freezing to death, so Royal Dutch Shell will be on a political tightrope when it unveils forthcoming results – shareholders want profits, but consumers hate high prices.

2 comments so far. Why not have your say?

alan franklin

Jan 27, 2013 at 16:22

So "Starbucks threatens to suspend millions of pounds of investment in Britain after what it describes as constant and unfair attacks over its tax affairs by David Cameron and the Government." Good, let them go, as there are plenty of better alternatives, like Costa Coffee, which actually pay taxes here.

Starbucks also gets involved in the political agenda, supports "gay" causes etc, which is not the job of a corporate entity. Our family already boycots them for this reason.

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Jeremy Bosk

Jan 27, 2013 at 22:58

I regard all the coffee houses as vastly expensive so do not patronise any. However, if they are boycotted for supporting gay rights, I might go in and have a cup just to get up the noses of the self-righteous. Back in the seventies, when I could afford to make expensive gestures, I used to buy tickets for films that were of no personal interest whatsoever and give them away. Just because the late and unlamented Mary Whitehouse wanted them banned.

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