Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Sunday Papers: Carphone and Dixons to confirm £3.6bn tie-up

Sunday Papers: Carphone and Dixons to confirm £3.6bn tie-up

Top stories

  • The Sunday Telegraph: Dixons and Carphone Warehouse are on Thursday expected to confirm their “merger of equals” in a deal that will change the face of British electronics retailing.
  • Mail on Sunday: American drugs giant Pfizer is to face a mass campaign against its planned takeover of British rival AstraZeneca as unions attempt to mobilise the public in a Cadbury-style revolt against the multi-billion pound deal.
  • The Sunday Telegraph: Co-op Bank hits £400 million fundraising; the Co-operative Group's stake has reduced to 20.03%.
  • Mail on Sunday: City experts are warning that Lloyds plans to unleash fresh waves of closures which could mean hundreds of branches being axed.
  • The Sunday Telegraph: Europe's banks need a fundamental restructuring to sort out the mess from the 2008 financial crisis, claims former senior aide to European Commission president José Manuel Barroso.

Business and economics

  • Mail on Sunday: Reformers hoping to overhaul the battered Co-operative Group fear their plans could be stymied by board members who face losing their £80,000-a-year jobs even if the changes are approved at this week’s annual general meeting.
  • Mail on Sunday: The Co-operative Group plans to kick its former banking subsidiary out of all of its supermarkets in the latest sign of a deepening split between the two organisations.
  • The Sunday Telegraph: BT has promised to "shack up" the mobile market when it launches its own network this year, raising the prospect of price war on 4G services.
  • The Sunday Telegraph: Vince Cable will open the UK's largest purpose-built winery this week, creating up to 230 jobs in rural Sussex.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tip): Avoid Drax as future falls victim to change in policy.
  • Mail on Sunday: Dixons Retail and Carphone Warehouse will this week reveal the terms of a £4 billion merger of the two groups, promising it will create hundreds of new jobs.
  • The Sunday Telegraph: Cycling specialist saddles up for flotation; Wiggle is working with advisers at boutique investment bank Rothschild on a potential flotation.
  • The Sunday Telegraph: Software company Anite has entered into exclusive talks to sell its travel business to LDC, the private equity arm of Lloyds Banking Group.
  • The Sunday Telegraph: Formula 1 has handed thousands of free hospitality passes, worth the equivalent of $5.4 million, to CVC, the private equity fund that controls it.
  • The Sunday Telegraph: Yahoo! spent more than $1.21 billion buying 22 private technology businesses last year.
  • Mail on Sunday (Comment): With dangerous bubbles appearing in parts of the housing market, the Bank must find a way to cool those hotspots without derailing the whole economy.
  • The Observer (Comment): The former City minister has divided the co-operative movement. But his proposals are the only credible ones on the table.
  • The Sunday Telegraph (Comment): Only full separation will make our big banks safe; as long as retail and investment banking are contained within the same group, governments will never let them go bust, given the need to protect ordinary deposits.

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 WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter