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Sunday Papers: Diageo plotting $10bn move on American rival

Sunday Papers: Diageo plotting $10bn move on American rival

Top stories

  • The Sunday Telegraph: Drinks giant Diageo has held talks with the Japanese brewer Suntory about acquiring bourbon whisky producer Beam for more than $10 billion.
  • The Independent on Sunday: John Lewis has revealed its online sales will smash all records this month, with "three Mega Mondays in a row", convincing the high street chain to launch foreign language websites next year.
  • The Independent on Sunday: Goldman Sachs and JP Morgan are among the big names pitching for a key advisory role with Cairn Energy, the Edinburgh-based group that explores for oil from the North Sea to Kathmandu.
  • The Sunday Telegraph: Sir Terry Leahy, the former chief executive of Tesco, is in the leading position to take over the chairmanship of online retailer The Hut Group, ahead of its expected £300 million-plus float next year.

Business and economics

  • The Sunday Telegraph: The Bank of England has put production of all its bank notes out to tender in a £1 billion contract that could end De La Rue's dominance over the printing of the bank notes.
  • The Sunday Telegraph: Tesco is to focus its Indian expansion on the major cities of Mumbai and Bangalore as part of chief executive Philip Clarke's fight back on growth.
  • The Independent on Sunday: Goldman Sachs and JP Morgan are among the big names pitching for a key advisory role with Cairn Energy, the Edinburgh-based group that explores for oil from the North Sea to Kathmandu.
  • The Sunday Telegraph: Michael Dell has revealed that Autonomy was offered to him before it was bought by Hewlett-Packard, but that he rejected the firm as it was "overwhelmingly obvious" it was overpriced.
  • The Sunday Telegraph: Coffee chain Starbucks was on Saturday hit by protests at branches across the country over its tax arrangements, despite announcing changes to its payments.
  • The Sunday Telegraph: Despite predictions of minus 0.2% growth in 2013, Huw Pill, Chief European Economist at Goldman Sachs, says there is a "silver lining" for the euro area.
  • The Independent on Sunday: Red tape is throttling the economy and the Government should start a deregulation drive to support growth, the Confederation of British Industry argued today.
  • The Sunday Telegraph: Greece is set to purchase back about half of its debt owned by private investors, broadly succeeding in a bond buyback that is key to its bailout, according to reports.

Share tips, comment and bids

  • The Sunday Telegraph: ENRC, the mining giant, has moved to take control of its copper operations in the Democratic Republic of Congo after agreeing a £343 million deal with Israeli businessman, Dan Gertler.
  • The Sunday Telegraph: China took a major step into North Sea oil and gas production this weekend after one of the country's leading energy companies sealed a £9.5 billion takeover of the Canadian giant, Nexen.
  • The Sunday Telegraph: The economics of George Osborne's Autumn Statement fell woefully short of what is needed to rescue the UK from its parlous state.
  • Mail on Sunday: Ingenious Media, whose £8 billion film investment plans have attracted wealthy celebrity investors, has been told by Revenue & Customs that its schemes are designed to avoid tax rather than promote films.
  • The Observer (Comment): The failure of the chancellor's economic strategy was visible to all. But it is the poisonous political calculations in Wednesday's speech that really stick in the throat.
  • Mail on Sunday (Comment): Once a proud attribute of the workplace, final salary schemes are now at risk. One reason is that firms were allowed to take contribution holidays thanks to projections that they were stuffed with money.
  • Mail on Sunday (Midas share tip): Buy Bioquell
  • The Independent on Sunday (Comment): The shares of Asos, Argos and Apple could help soften the blow of Christmas spending for the canny investor.

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