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Sunday Papers: Pound is 'most overvalued currency in the world'

And foreign shoppers help boost Boxing Day sales figures as millions hunt for luxury goods - and the odd bargain.

Sunday Papers: Pound is 'most overvalued currency in the world'

Top stories

  • The Sunday Telegraph: The pound is one of the most overvalued currencies in the world and will suffer next year as the Government ramps up spending cuts and uncertainty about Britain’s future in the EU weighs on growth, according to analysts at Deutsche Bank.
  • The Observer: Shoppers from overseas with a penchant for luxury goods helped to fuel a Boxing Day sales bonanza as millions hit the stores, leading experts to suggest that reports about the death of the high street have been premature.
  • The Sunday Telegraph: Morrisons has parted ways with the fruit supplier that helped it set up its banana ripening warehouse in Lincolnshire two years ago; the supermarket, which prides itself on being invested in its supply chain, has spent £2.9 million to buy out Global Pacific from its Wm Morrison Bananas joint venture, and has brought in the fruit giant Fyffes as its new banana partner.
  • The Observer: Millions of bank customers are set to save hundreds of pounds with the launch of fee-free bank accounts in the New Year, following an agreement struck with the Treasury as Barclays, Santander, TSB, Lloyds, Royal Bank of Scotland and NatWest sign up to New Year reforms.
  • The Observer: Abolition of corporation tax is to be considered by a new cross-party group of MPs and peers who will subject ministers and business leaders to public interrogations in a bid to secure fairer and more responsible tax policies.
  • Mail on Sunday: Investment bankers will be tucking into their turkey with particular gusto after a record year for mergers and takeovers triggered a £9 billion fee bonanza.

Business and economics

  • Mail on Sunday: Former Tesco chief executive Sir Terry Leahy is ploughing into the crowdfunding market following the successful launch of his first money raising this month.
  • Mail on Sunday: The aristocratic family behind the Howard de Walden Estate took an £18 million payout from their Marylebone property empire last year – sharply down on the £31 million paid out in 2013.
  • Mail on Sunday: Britain's housebuilders were the soaraway winners on the London stock market last year jumping in value by more than £8.7 billion; and the continuing housing shortage is set to help their shares keep on rising next year.
  • Mail on Sunday: Banks are facing a serious threat from internet payment systems such as Paypal, Nutmeg and even Bitcoin, warns top accountant EY.
  • The Observer: A new generation of supersonic aircraft could be powered by Rolls-Royce as the company draws on knowledge gained building Concorde’s engines.
  • The Observer: AllGrid Energy, an Indigenous-owned company has emerged as a hopeful minnow beside corporate giants poised to drive the expansion of Australia’s fledgling home solar battery industry.
  • The Sunday Telegraph: Metro Bank poached top RBS banker Mark Stokes, who was running the corporate arm of RBS spin-off Williams and Glyn, will now head up the challenger bank's commercial unit.

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4 comments so far. Why not have your say?

john carrington

Dec 27, 2015 at 11:08

The Observer: AllGrid Energy article link above created a sudden line of rapidly changing code on my screen. Firefox browser then not only instantly closed but was also wiped from my hard drive. Has anyone else had the same problem?

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Denis Parkinson

Dec 27, 2015 at 15:56

No, I am using Firefox and it worked fine.

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Joe Nooks

Dec 27, 2015 at 17:19

I too am using Firefox and it works fine.

But one problem I do have is that I can't open any link to do with Investment Trusts. I'd like to say that the wheel just keeps going round but it never starts. It maybe something to do with my firewall etc but it's strange that everything else works apart from I.T's. Any thoughts gratefully accepted. Happy New Year. Joe

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William Cunliffe

Dec 28, 2015 at 10:39

AOL have closed there portfolios down from 31st dec anyone found a replacement.

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