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: Eurozone banks face £42bn ‘black hole’

Sunday Papers: Eurozone banks face £42bn ‘black hole’

Top stories

  • The Sunday Telegraph: Eurozone banks face £42 billion 'capital black hole'; Algebris chief Davide Serra says this year's stress tests by European authorities are likely to find fresh problems in the eurozone banks.
  • Mail on Sunday: EasyJet's founder and biggest shareholder, Sir Stelios Haji-Ioannou, is set to vote at its annual general meeting this week against the £6.5 million pay packet awarded to chief executive Carolyn McCall.
  • The Sunday Telegraph: Barclays to reveal £5.8 billion recovery; profits and bonuses forecast to rise at bank as sector bounces back.
  • The Sunday Telegraph: Google accused professor behind Blinkx share fall of bias; Professor Ben Edelman has previously faced accusations of producing unfair research.

Business and economics

  • Mail on Sunday: The Bank of England is to test whether banks and building societies would go bust if house prices crash.
  • The Sunday TelegraphCarney to defend Bank as it holds off rate rise; the Bank of England governor will argue that slack remains as it seeks to reiterate that Britain's economy is not yet strong enough to withstand tighter monetary policy.
  • The Sunday Telegraph: Punch debt deal 'only benefits shareholders'; lenders with blocking stakes plan to vote against a restructuring plan promoted by Punch's executive chairman, Stephen Billingham.
  • The Sunday Telegraph: Property giants in legal battle over Game Group; landmark Court of Appeal ruling over tens of millions in retailer's unpaid rent could change high street rules.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): TyraTech is a riskier investment than some; but it is expected to move into profit next year and grow quickly thereafter – buy.
  • The Sunday Telegraph (Questor share tip): Keep calm and hold Vodafone.
  • The Sunday Telegraph: RBS could put brake on Liberty's battle for F1; "change of ownership" provision related to CVC's control of sport could scupper John Malone's takeover plans.
  • The Sunday Telegraph: Last year, M&A transaction values for financial services companies almost doubled, while volumes increased by 35% on 2012 levels.
  • The Observer (Comment): Twitter lost a quarter of its market valuation in one day, and looks unlikely to get any of it back for some time.
  • The Observer (Comment): With Steve Ballmer on the board and Bill Gates peering over his shoulder, Satya Nadella is facing unnecessary extra pressure.
  • Mail on Sunday (Comment): The decision by the Chancellor to cap any rise in business rates at 2%, announced in the autumn, was welcome. But more needs to be done.

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 Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Play Kames' A-rated Goddin: how investing in games has changed forever

Kames' A-rated Goddin: how investing in games has changed forever

Neil Goddin sees investing in computer games as having changed forever as the companies become much less cyclical.

Read More
Your Business: Cover Star Club

Profile: why GWM believes in life after Lloyds

Profile: why GWM believes in life after Lloyds

Lloyds Private Banking duo Chris Payne and Tom Milson left the company two years ago after deciding to act on their belief that ‘we could do it better’

Wealth Manager on Twitter