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Monday Papers: Pfizer eyes AstraZeneca to create industry giant

Monday Papers: Pfizer eyes AstraZeneca to create industry giant

Top stories

  • The Daily Telegraph: British drug group AstraZeneca said to have rebuffed approach from America's Pfizer that would create £150 billion behemoth.
  • The Guardian: The number of fines given out by the main City regulator to senior executives in the financial services sector for misconduct or breach of rules has dropped by 40% in the past four years despite all the concerns raised over Libor and other scandals.
  • The Guardian: Britain's economy will grow by 3.1% this year after a turnaround in household fortunes, but trade and austerity challenges still lie ahead, a forecasting group has said.
  • The Daily Telegraph: Bank may have grounds to pursue libel action after inquiry found no evidence to support claims lender systematically engineered collapse of small business customers.
  • Daily Mail: Productivity among British firms is still 5% lower than its pre-recession levels making it difficult for the UK to regain its competitive edge.

Business and economics

  • The Daily Telegraph: CBI director, Iain McMillan, said that an independent Scotland would 'not be a land of milk and honey’.
  • The Daily Telegraph: The new RSA boss has begun looking at a series of cost cuttings across the business to increase future profitability.
  • The Daily Telegraph: Luxury car-maker Bentley used Beijing motor show to reveal combined petrol and electric-powered version of flagship Mulsanne.
  • The Daily Telegraph: Fracking to deliver billions to UK supply chain as firms must start equipping themselves to ensure they capitalise on the potential for tens of thousands of jobs the industry could create, according to a major report.
  • The Daily Telegraph: Discount clothing chain, Primark, to report 13% sales rise.
  • The Daily Telegraph: The chief executive of global IT security business Kaspersky Lab says financial services firms now have most to fear from criminals.
  • The Daily Telegraph: Garden centres claim rules which force them to close on Easter Sunday mean the economy is losing out on up to £75 million.
  • The Daily Telegraph: Royal Bank of Scotland has tasked Bob Hedger, its veteran turnaround specialist, with helping the Co-op Group restructure its businesses.
  • The Guardian: A one-off levy of £450 million on Britain's £180 billion consumer credit industry could create enough affordable lenders to take on Britain's legal loan sharks, according to a report from the centre-left thinktank IPPR.
  • The Guardian: The super-flexible working conditions demanded by one of the UK's largest supermarket chains are damaging the mental health of most of its employees, according to a new report from Cambridge University.
  • Daily Mail: Royal Bank of Scotland is expected to reveal it is seeking government approval to pay bonuses to favoured employees of twice their salaries, possibly as soon as this week, in a move that will reignite the controversy over banker rewards.
  • Daily Mail: British companies will no longer be able to hide their owners behind complex paper trails, business secretary Vince Cable promised, as he launched a crackdown on the ‘darker side of capitalism’.
  • The Independent: The Big Six energy supplier EDF is planning to axe 150 customer service jobs in Sunderland and across the South in a cost-cutting move that unions fear will lead to a wider redundancy programme.
  • Daily Express: Luxury vehicle maker Jaguar Land-Rover has won a Queen’s Award for Enterprise in International Trade.

Share tips, comment and bids

  • Daily Mail: Shell is in advanced talks about the sale of onshore assets in Nigeria to Seplat Petroleum, the oil explorer that listed in London this month.
  • The Daily Telegraph: The online furniture retailer, Sofa.com, is the next to attract a lofty valuation after bringing in Altium Capital to advise on a potential sale.
  • The Guardian (Comment): Time to change central bank role.

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