Sunday Papers: Rothschild and Cohen back €1bn lender - bid news and gossip

The Independent on Sunday

* Singapore Telecoms, the sovereign wealth-backed mobile phone-to-pay TV giant, is considering a bid for FTSE 100 group Cable & Wireless Worldwide.

* Fitness First tones up accounts to get ready for £1.5bn flotation.

* The $200bn China Investment Corporation has approached Land Securities about taking an equity stake of up to 25% in the proposed "Walkie-Talkie", the 500 ft tower at 20 Fenchurch Street designed by Rafael Vinoly.

* The £250m auction of the Wagamama noodle chain will kick off next week.

Mail on Sunday

* British Airways boss Willie Walsh is planning to create the world's biggest international airline - overtaking Lufthansa and Air France-KLM.

* Morrisons chief executive Dalton Philips will this week give the order for an assault on the online grocery market, challenging established competitors Tesco and Asda.

* The scale of financial mismanagement in voicemail-to-text company SpinVox has been laid bare in accounts released by its new owner, American technology company Nuance.

* Von Essen has plunged into the red, due to the cost of financing its rapid expansion.