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Sunday Papers: Lloyds to lend an extra £1bn to SMEs

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Sunday Papers: Lloyds to lend an extra £1bn to SMEs

Top stories

  • The Sunday Telegraph: Lloyds will pledge to lend an extra £1 billion to small and medium-sized businesses over the coming year as it plays its part to revive one of the key elements of the UK economy.
  • The Sunday Telegraph: George Osborne will aim to place business at the heart of his quest for a balanced economic recovery as he unveils a pre-election Budget designed to get UK plc back on track.
  • Mail on Sunday: Royal Bank of Scotland is to delay its annual shareholder meeting after talks over a £1.5 billion return of cash to the Treasury failed to deliver a deal.
  • The Sunday Telegraph: Odey Asset Management, the $12.2 billion hedge fund run by Crispin Odey, has taken a multimillion-pound stake in Circassia Pharmaceuticals as part of its $1 billion London listing.
  • The Sunday Telegraph: The Chancellor must abandon a planned North Sea tax rise in the Budget this week or more oil and gas projects will be scrapped, the industry has warned.
  • The Independent on Sunday: The Ministry of Defence wasted nearly £50 million on a cancelled cryptographic system to protect top-secret military information from the growing threat of cyber attack.

Business and economics

  • Mail on Sunday: The family behind one of Britain’s leading wine sellers, Direct Wines, shared a £1.4 million dividend last year after profits bubbled higher despite a drop in total sales.
  • Mail on Sunday: Breakdown recovery giant the AA is being stalked by City firms keen to float it on the London stock market.
  • The Sunday Telegraph: Sir Stelios Haji-Ioannou has set his sights on shaking up the rental property market, with the launch of a new company, easyProperty.
  • The Sunday Telegraph: City 'superwoman’ Nicola Horlick is to chair a new film fund targeting low-budget, high-quality films; the fund, run by media lawyer and producer Jonathan Cameron and Ms Horlick’s husband, Martin Baker, will be called Boom Op Films.
  • The Sunday Telegraph: The International Financial Reporting Standards Foundation’s role in governing global accounting rules is under threat after European politicians said they were questioning whether the authority was “best suited” to the position.
  • Mail on Sunday: The bingo industry is hoping for a multi-million pound windfall this week as George Osborne looks likely to cut its tax rate to bring it into line with other gambling.
  • The Sunday Telegraph: Philip Aiken, the man charged with protecting minority shareholders in Essar Energy, has blamed the UK’s listing rules for allowing Essar Global to take the Indian oil refiner private on the cheap.
  • Mail on Sunday: Estate agent Savills is set to reveal that profits have jumped by 20% on the back of the surging UK property market.
  • The Sunday Telegraph: Des McDonald, the former chief executive of the company behind The Ivy and Le Caprice, is planning to roll out his two new restaurant concepts across London as part of a concerted effort to grow his fledgling business.
  • Mail on Sunday: Whitehall red tape must be cut to stop small firms being robbed of the chance of winning valuable public sector contracts, business leaders and politicians have warned.
  • Mail on Sunday: Car showrooms could be hit by a strike by delivery drivers after talks between unions and leading transporter company Stobart Automotive failed to reach agreement.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): Chiquita Fyffes may have long-term growth plans, but the next few months could be tricky and swapping London-listed shares for US stock creates extra hassle and currency risk - sell.
  • Mail on Sunday (Midas share tip): Software firm Ideagen a picture of health as patients' files go on computer; buy and watch them grow.
  • The Sunday Telegraph (Questor share tip): Questor retains sell advice on Tesco as a price war could lead to more downgrades in profit forecasts.
  • The Sunday Telegraph (Questor share tip): Small-cap van hire group Northgate has soared since Questor's buy tip but the good news now looks priced in - hold.
  • The Sunday Telegraph: Luke Johnson, one half of the duo who turned Pizza Express into a national success story, has ruled out making a bid for the chain.
  • The Sunday Telegraph: Ann Summers is putting the underwear brand Knickerbox up for sale as the lingerie and adult toys company tries to recapture the risqué edge that made it a success story.
  • The Sunday Telegraph: Audiboo, the British technology company whose fan base includes the Prince of Wales and Stephen Fry, is to float in London.
  • Mail on Sunday (Comment): Morrisons declares supermarket price war ... but faces rout.
  • The Observer (Comment): Justin King has picked a good time to check out from Sainsbury's; the charismatic chief exec will deliver one of his last sets of results to investors on Tuesday; they are unlikely to be pretty.
  • The Sunday Telegraph (Comment): Antony Jenkins’ change mantra has begun to be silenced by a growing rumble of investor dissent.
  • The Sunday Telegraph (Comment): A long view, a clear head and keep listening to the noises off; the key is to know when the market is telling us something useful and when it is just a distraction.
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