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Sunday Papers: Asda eyes £4.4bn bid for B&M

And BBC women have written to BBC boss Tony Hall demanding instant pay rise.

 
Sunday Papers: Asda eyes £4.4bn bid for B&M

Top stories

  • The Sunday Times: Asda is exploring a £4.4 billion takeover of B&M, the fast-growing discount retailer run by billionaire brothers Simon and Bobby Arora.
  • The Sunday Times: The BBC faces an unprecedented revolt today by 42 of its top female broadcasters with a public demand to tackle the gender pay gap now, rather than wait until 2020.
  • The Sunday Telegraph: More than a third of properties for sale in London have had asking prices slashed in a sign of an increasing slowdown in the capital’s property market.
  • The Observer: US prosecutors have decided to drop criminal charges against two former JP Morgan Chase & Co derivatives traders implicated in the “London Whale” trading scandal that caused $6.2 billion (£4.7 billion) of losses in 2012.
  • The Sunday Telegraph: Sky shareholders are in line for a £171 million payout as the £11.7 billion takeover of the pay-TV giant by 21st Century Fox is repeatedly delayed by stumbles over regulatory hurdles.

Business and economics

  • The Guardian: Bank of America has become the latest high-profile City firm to reveal its post-Brexit EU hub, selecting Dublin as the location for some of its activities, amid fresh calls for the UK to clinch a transitional deal before it leaves the 28-nation bloc in 2019.
  • Mail on Sunday: Care UK, the largest independent provider of health and social care services in the UK, increased its revenues by £9 million in a year but made a multi-million pound loss because of administrative and financing expenses.
  • The Sunday Times: The mis-selling of payment protection insurance (PPI) is still costing Britain’s banks nearly £300 million a month - equivalent to the annual salaries of more than 13,000 newly qualified NHS nurses.
  • The Sunday Times: Nearly $40 million (£31 million) was stolen last week in a series of attacks on ethereum, highlighting the dangers of investing in the suddenly popular - and erratic - cryptocurrency.
  • The Sunday Telegraph: Snapchat is set to come under further pressure next week when investors are allowed to sell shares for the first time since it went public in March.
  • The Sunday Times: The squeeze on household finances could push Britain into recession over the coming year, two leading forecasters have warned.
  • The Sunday Times: The fine dining empire Corbin & King behind the Wolseley and the Delaunay in London saw sales rise last year but operating losses increased as its first hotel suffered teething problems.
  • The Sunday Times: Amazon has spent more than $6m this year on Washington lobbyists in preparation for its $13.7 billion (£10.5 billion) swoop on Whole Foods, the upmarket supermarket chain.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tips): Glencore is worth a punt.
  • The Sunday Times: FTSE 100 payments giant Worldpay could be forced to leave a rump of shares on the London market following its takeover by American rival Vantiv, after British fund managers raised objections to the £9 billion deal.
  • The Sunday Times: Shareholders that control more than half of Kelda, the parent company of Yorkshire Water, are toying with selling their stakes for what could be a total of £4 billion; Deutsche Bank and the private equity fund Corsair Capital are believed to be weighing up the sale of their stakes — 23.4% and 30.3% respectively.
  • The Sunday Times: A Korean state-owned power giant is drawing up plans to buy a slice of a new £10 billion nuclear plant in north Wales; Korea Hydro & Nuclear Power (KHNP) has held early talks about pumping cash into Horizon, the power station being developed by Japanese conglomerate Hitachi on Anglesey.
  • The Sunday Telegraph: Bakkavor, a supplier of pizzas, ready meals and desserts to Britain’s supermarkets, is gearing up for a stock market float that could value it at more than £1 billion.
  • The Sunday Telegraph: The troubled British microchip ­designer Imagination Technologies has become a takeover target for a private equity fund backed by the Chinese government; Canyon Bridge Capital Partners, which is based in Silicon Valley but funded by authorities in Beijing, has held talks about a potential bid for Imagination or parts of its business.
  • The Sunday Telegraph (Comment): Brexit without a deal is intolerable if you care about the economy.

8 comments so far. Why not have your say?

stirrer

Jul 23, 2017 at 09:27

BBC why not lower the male saleries to the female?

let's have a real mess, and a few weeks of tele.

Also, do we really want China to own us, as well as the Koreans?

for our sake stop it.

all they want is the technology?

report this

stirrer

Jul 23, 2017 at 09:28

sorry

OFF tele

report this

Tomboy

Jul 23, 2017 at 10:18

Exelent idea reduce all male salaries at the B B C to the same level as the girls save a fortune alternatively make it a subscription only channel & remove the license fee

report this

Tomboy

Jul 23, 2017 at 10:18

Exelent idea reduce all male salaries at the B B C to the same level as the girls save a fortune alternatively make it a subscription only channel & remove the license fee

report this

Franco

Jul 23, 2017 at 11:20

Reduce the grant to BBC until they cannot afford to pay these insane salaries.

report this

Ian Holmes

Jul 23, 2017 at 14:50

Just get rid of the BBC and watch Al Jazeera. (Sorry, for being cynical - but the BBC has lost its way.............. and we're all paying for it! - in spades)

report this

alan franklin

Jul 23, 2017 at 18:49

The licence fee is a tax on all of us who dislike The Biased Broadcasting Corporation; overstaffed, overrated, overpaid and seemingly an electronic offshoot of The Guardian.

All of us should only have to pay for what we watch and the licence fee is a relic from the days of a TV monopoly.

The BBC, smug and self righteous, thinks it is playing with monopoly money. Unfortunately, it is OUR MONEY. Wake up, government!

report this

Tomboy

Jul 23, 2017 at 19:20

Read Ruth Davidson on reform of Conservative Party she needs to be the next leader but not before we have left the E U

report this

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