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Sunday Papers: Landlords cast doubt on BHS's future

And hard-pressed UK chancellor eyes new tax onslaught to fill budget gap with £12 billion bank raid but shortfall in finances means more cuts ahead.

 
Sunday Papers: Landlords cast doubt on BHS's future

Top stories

  • The Sunday Telegraph: Landlords of BHS have cast doubt on the future of the stricken retailer by warning the department store chain could collapse even if it agrees a rescue deal with creditors.
  • The Sunday Times: George Osborne will this week hit banks and insurers for billions of pounds in extra taxes and unveil new spending cuts in an attempt to plug a gaping hole in public finances.
  • The Sunday Telegraph: The world’s most powerful central banks will come under renewed to pressure to regain control over the global economy this week as faith in extraordinary monetary stimulus fades.
  • The Sunday Times: Royal Bank of Scotland is facing a legal claim that could run into billions of pounds over the treatment of small and medium-sized companies by its Global Restructuring Group.

Business and economics

  •  The Sunday Times: Lloyds has warned that a UK exit from the European Union could hurt the bank and lead to higher interest rates.
  • The Sunday Telegraph: The head of the accounting giant PwC has said the UK would be better off economically if it remained in the European Union.
  • The Sunday Times: About £100 million of taxpayer funds will be pumped into a deal to salvage Scunthorpe steelworks.
  • The Sunday Times: Troubled security giant G4S is braced for its debt to be slashed to junk status as it struggles to escape four years of crisis.
  • The Sunday Times: FTSE 100 insurer Legal & General is to boost shareholder payouts this week following similar moves from rivals Aviva and Prudential.
  • The Sunday Times: Stock Spirits, a vodka distiller valued at £470 million in a London listing 2½ years ago, faces an uprising led by its biggest shareholder after a prolonged spell of weak trading.
  • The Sunday Times: Astra Zeneca faces an embarrassing shareholder revolt over an £8.4 million pay package handed out to its chief executive last year.
  • Mail on Sunday: Sir Martin Sorrell, chief executive of advertising group WPP, will take home up to £70 million in salary and bonuses for last year – the second biggest pay package ever for the boss of a British company.
  • Mail on Sunday: Cambridge & Counties Bank, owned by Cambridge University’s Trinity Hall and the Cambridgeshire Local Government Pension Fund, saw its balance sheet grow to more than £500 million in the year to 31 December 2015.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): At 1270p 4imprint has produced impressive returns and there is no harm in selling some shares to bank profits; but investors should keep most of their stock as the firm should keep growing.
  • Mail on Sunday (Midas share tip): There is no doubt that carpet maker Victoria has already come a long way, but the shares have further to go. BUY.
  • Mail on Sunday (Midas share tip): The AIM-traded gold company Amara has struggled in the prolonged bear market for gold stocks; a chunky cash bid at a generous premium would have been ideal but the Perseus offer is probably as good as it will get for now; investors should sit tight until they receive more information and only sell in the market if they have to.
  • The Sunday Telegraph (Questor share tip): HOLD Fever-Tree as the luxury tonic maker is expected to report soaring profits on Monday.
  • The Sunday Times: Buyout giant Cinven is plotting a swoop on a division of Thomson Reuters as the news organisation presses on with plans for a break-up.
  • Mail on Sunday: Supermarket giant Sainsbury's is considering raising its offer for retailer Argos to £1.5 billion after its parent group waved a £100 million 'carrot' at bidders last week.
  • The Sunday Telegraph: The £1 billion race for Argus Media, the oil pricing data provider, is reaching a climax with a packed field of bidders expected to thin out this week amid the chairman’s desire for a long-term partner in the business.
  • The Sunday Telegraph: Virgin Media is seeking to use the planned merger of Three and O2 to acquire its own mobile masts and radio spectrum, in a move that would cast doubt over a future £140 billion combination of its parent company Liberty Global and Vodafone.
  • The Sunday Times: Swedish construction giant Skanska is selling out of one of Britain’s biggest private finance initiative (PFI) deals - a contract to upgrade the M25.
  • The Sunday Telegraph (Comment): If we can’t invest when interest rates are at all-time lows, when can we?
  • The Sunday Telegraph (Comment): Green doesn’t fly the BHS plane, but he may still pay for pilot error.
  • The Sunday Telegraph (Comment): Osborne must not soak business to pay for pre-referendum giveaways.

4 comments so far. Why not have your say?

croppp

Mar 13, 2016 at 09:42

We hear from bing desktop that mr obama is coming to interfere with the referendum vote in a months time .with the rules and regulations in the eu any time now i expect moby dick to swim into southhampton and take on passengers.take mr obama away .moby.

report this

Jeremy Bosk

Mar 13, 2016 at 09:53

Obama can see that Brexit supporters are the same kind of ill-informed and irrational people who vote Republican in the USA. Trump and his rivals are not good role models.

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croppp

Mar 13, 2016 at 12:30

By the interduction of mr obama into the already overcrowded uk .could this be the .PERMA LIFT.that never lets you down.

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Jeremy Bosk

Mar 13, 2016 at 16:12

I wasn't paying any attention to advertising for female underwear in the 1950s - and still don't. So I had to look up PERMA LIFT. I still don't get your point. No pun intended :-)

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