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Sunday Papers: Europe’s banks fear the CoCo market is dead

And thousands of dairy farms face closure as debts reach crisis levels as many dairy farmers are operating at a loss.

 
Sunday Papers: Europe’s banks fear the CoCo market is dead

Top stories

  • The Sunday Telegraph: Europe’s bankers fear they may never again be able to issue CoCo bonds, if the dive in prices this month has left investors too afraid to buy the bonds.
  • The Sunday Telegraph: As many as one in five of the UK’s 10,000-plus dairy farms could be forced to close this year, as falling milk prices and rising debt reach crisis levels for farmers across the country, various industry bodies have warned.
  • The Observer: The Iranian endorsement of a plan by its arch regional rival, Saudi Arabia, to stabilise global oil prices could be seen as a diplomatic coup for Riyadh.
  • Sunday Express: Britain’s biggest banks are set to anger investors by curtailing dividend payouts while awarding their staff about £5.5 billion in bonuses over the next fortnight.
  • The Independent on Sunday: State-backed Network Rail is preparing to sell its biggest stations to developers and shopping centre landlords in its first substantial act of privatisation since moving on to the government’s books nearly 18 months ago.
  • The Observer: Low oil and gas prices are close to triggering a wave of bankruptcies and debt defaults among US producers, investors fear.

Business and economics

  • Sunday Express: A survey by online stockbroker The Share Centre revealed that more than 75% of small investors do not believe David Cameron’s reforms will improve the UK’s relationship with the EU.
  • The Observer: China has removed Xiao Gang, the head of its securities regulator, from his post, and appointed Liu Shiyu to take on the role.
  • The Sunday Telegraph: Analysts say a cooling in house price inflation, high build costs, and a long-term shortage of labour will curb house builders' margins.
  • The Sunday Telegraph: BT is braced for Ofcom to propose tighter governance of its Openreach network division this week as the row over the future of Britain’s broadband infrastructure reaches a crescendo.
  • The Observer: Volvo is recalling 59,000 cars over faulty software that can briefly shut down the engine, including more than 7,000 in the UK.
  • The Sunday Telegraph: The Royal Bank of Scotland and Lloyds Banking Group are expected to announce further plans to cut costs when they publish their 2015 financial results this week, which analysts believe could result in the closure of more than 400 more branches in the coming years.
  • Mail on Sunday: Spiral Cellars, which excavates and installs cellars to hold as many as 1,780 bottles of wine at up to £63,000 per cellar, has enjoyed 25% growth over the past three years.
  • Mail on Sunday: Rescued fashion company Atterley has already signed up hundreds of independent stores as it forges a global network of fashion shops selling products on its website.
  • The Sunday Telegraph: Up to 200,000 workers could leave London if the UK exits the European Union, resulting in a huge correction in commercial property prices, research has found.

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