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Sunday Papers: BP in talks with Gazprom to bring Russian gas

Sunday Papers: BP in talks with Gazprom to bring Russian gas

Top stories

  • Mail on Sunday: BP has opened secret talks with Russia’s state-owned energy giant Gazprom to help build a pipeline to bring vast quantities of gas into Britain by 2016.
  • The Independent on Sunday: CVC Capital Partners, owner of Formula One and Legoland Parks, has started talks with potential investors for an £8.9 billion buyout fund, one of the biggest since the financial crisis started.
  • The Sunday Telegraph: Banks ask the European Commission to postpone the introduction of Basel III by a year after US regulators told lenders they did not expect the regulations to take effect in 2013.
  • The Independent on Sunday: The economy powered ahead by 1% in the three months to September – aided by a Jubilee bounce-back and the Olympics.
  • Mail on Sunday: Controversial Russian telecoms giant MegaFon has appointed former Treasury Minister Lord Myners to its board to boost its corporate governance credentials and try to keep its troubled flotation plans on track.

Business and economics

  • The Independent on Sunday: Thomas Cook's new chief executive, Harriet Green, one of the few remaining female bosses at a major listed company, will this week try to persuade investors that the holiday group has a secure future.
  • Mail on Sunday: Caprice Holdings, which owns Le Caprice and The Ivy among other celebrity haunts, made underlying operating profits of £5.7 million in 2011 compared with about £6.3 million in the previous 12 months.
  • The Independent on Sunday: Amazon has launched an assault on Britain's supermarkets with a sevenfold increase in the groceries it offers online in barely two years.
  • The Independent on Sunday: Britain's three biggest cinema chains are considering bids for a group of picture houses owned by disgraced former Italian prime minister Silvio Berlusconi and fashion house Benetton.
  • Mail on Sunday: Analysis by the independent Centre for Economics and Business Research shows an 8.4% fall in real consumer spending per household between 2007 and the end of this year. The comparable figure for 1939-1945 was 14%.
  • The Independent on Sunday: UBM, the owner of PR Newswire, is set to return to the British tax fold this week, after having moved its headquarters to Dublin in 2008 to escape what it called the UK's harsh fiscal regime.
  • The Observer: George Osborne is planning to freeze the planned fuel duty rise in his autumn statement, after coming under pressure from his backbenchers and receiving support from key Liberal Democrat colleagues.
  • Mail on Sunday: Willie Walsh, head of International Airlines Group, owner of BA and Iberia, has launched an assault on what he regards as the bizarre perks enjoyed by Spanish pilots.

Share tips, comment and bids

  • The Independent on Sunday: Plus Markets, the former stock exchange group that once counted Arsenal Football Club among its clients, is to relaunch as a natural resources company.
  • The Independent on Sunday (Comment): With fewer officials in Brussels corridors of power, the UK's voice is being stifled, but that doesn't mean the choice is the stark in or out.
  • The Observer (Comment): The world desperately needs a better way of coping with countries that owe more than they could ever repay.
  • The Observer (Comment): Whatever the rights and wrongs of the Autonomy case, the US firm clearly ignored widespread scepticism about the deal in its rush to get into software.
  • The Observer (Comment): Sir Mervyn King will not step down until next summer, but speculation over his successor has been bubbling on for months. It's a far cry from the discreet successions of a previous era.
  • Mail on Sunday (Midas share tips): Buy and hold gold
  • Mail on Sunday (Comment): David Cameron certainly appeared on the side of the angels when he pledged to force hated energy firms to put all customers on the best possible gas and electricity tariff.

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