Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Sunday Papers: Banks fear 'debt UK’ backlash

Sunday Papers: Banks fear 'debt UK’ backlash

Top stories

  • The Sunday Telegraph: Figures to reveal more than £1 trillion lent by banks with figures to give stark picture of where levels of indebtedness are highest across UK.
  • The Sunday Telegraph: Ring-fence costs could force retail banks to charge customers; leading think tank says separating investment and retail banking will lead to higher costs on the high street.
  • Mail on Sunday: Energy market shake-up to hike bills by £6 billion as households will be forced to pay extra £20 a year, warn experts.
  • The Independent on Sunday: Leading MPs and the UK’s crowdfunding industry are calling on the Financial Conduct Authority to halt the current consultation over regulation, because they claim the process is deeply flawed and may strangle the industry at birth.
  • The Sunday Telegraph: Business and energy minister Michael Fallon sets up working party to investigate "coal gasification" to take advantage of coal seems on Britain's coast.

Business and economics

  • Mail on Sunday: Dame Mary Perkins and husband Doug enjoyed a £32 million dividend this year thanks to the continuing strong performance of the Specsavers opticians chain they founded almost 30 years ago.
  • The Observer: House prices in much of London and the south-east have soared to well above their previous peaks in 2007 but have plummeted by at least 20% across large parts of Wales, the Midlands and the north over the same period, according to a comprehensive new study of the "great housing divide".
  • Mail on Sunday: Bonuses worth £700,000 could be taken away from former directors of Lloyds in the wake of the bank’s mis-selling of investment and protection policies.
  • Mail on Sunday: The official unemployment rate is set to drop again this week, prompting fresh fears that interest rates could rise sooner than expected.
  • The Observer: Contentious decisions on expanding airport capacity in the south-east of England cannot wait until after the 2015 general election, the man charged with devising Labour's strategy on economic growth has declared.
  • The Sunday Telegraph: Alex Salmond faces fresh attack on supermarket tax; Asda and Sainsbury's says developments have been hampered by levy, with proportion of UK stores being built in Scotland at eight-year low.
  • The Sunday Telegraph: North Sea oil pioneer Algy Cluff says Britain could solve its power crisis if it used the vast coal seams sitting under the sea.
  • The Independent on Sunday: Under-fire Government contractor Serco has proved it is “good at bidding but not at delivery” after withdrawing from an out-of-hours GP contract in Cornwall, according to one of Westminster’s most powerful MPs.
  • The Sunday Telegraph: Barratts hired financial advisers Duff & Phelps as administrators in November, risking 1,035 jobs.
  • Mail on Sunday: Electrical giant Dixons Retail, which owns Currys and PC World, is expected to report this week that UK profits quadrupled to £22 million in the six months to the end of October.
  • The Sunday Telegraph: Upmarket retailer owned by L'Oreal expects to open another 24 stores in the next five years.
  • The Sunday Telegraph: RBS denies City regulator forced rights issue; state-owned bank sets outs reasons for £12 billion rights issue in filing to defend against shareholder lawsuit.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): Venture capital trust Albion offers pension boost and extra income – buy.
  • Mail on Sunday (Midas share tip): Shares in Bank of Georgia Holdings have had an impressive run; investors might wish to sell half of their shares, but they should keep the rest.
  • The Sunday Telegraph (Questor share tip): Bellway says reservations up 43%; the FTSE 250 listed housebuilder is enjoying bumper profits boosted by Help to Buy.
  • The Observer: Australian Prime Minister Tony Abbott has backed releasing Qantas from restrictions on foreign investment, saying it is not an unreasonable request for the Australian airline to be allowed more than 49% overseas ownership.
  • The Sunday Telegraph: New boss of FTSE 100 insurer RSA is looking at selling operations in eastern Europe, Asia and Latin America following departure of chief executive Simon Lee.
  • Mail on Sunday (Comment): Despite the adage that past performance is no guarantee of what will happen in the future when it comes to equities, there are some lessons to be learnt from what’s gone before.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: UBS' robo boss on what his tween can teach the industry

Profile: UBS' robo boss on what his tween can teach the industry

Co-head of UBS SmartWealth Shane Williams explains the simple life lessons missed by the first wave of robo pioneers

Wealth Manager on Twitter