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Sunday Papers: Banks to face regulatory crackdown on long-term loans

Sunday Papers: Banks to face regulatory crackdown on long-term loans

Top stories

  • Mail on Sunday: Banks are bracing themselves for a crackdown on long-term mortgages as regulators prepare to cool dangerous hotspots in the housing market; the number of mortgages of 30 years or more has rocketed in recent years as buyers seek new ways to afford ever more expensive properties.
  • The Sunday Telegraph: EE, Britain's biggest mobile operator, has decided to withdraw completely from Carphone Warehouse within weeks as regulators scrutinise its £3.2 billion merger with Dixons.
  • The Sunday Telegraph: TSB priced 'to go' with loss-leading valuation; it is expected to be priced some 10% below its book value in order to act as a loss-leader for future share sales.
  • The Sunday Telegraph: Centrica, owner of British Gas owner has said that it is unlikely to bid for more UK fracking rights when they are offered in coming weeks.

Business and economics

  • The Sunday Telegraph: Standard Life Investments governance chief Guy Jubb has warned on potential for legislation if shareholders do not act.
  • The Sunday Telegraph: Short-sellers circling over AO World, the online electrical retailer's have led to its share prices going down more than 10% since the float.
  • The Observer: Liverpool has reopened for business as the global dealmakers fly in this week, to a commercial festival hosted on the resurgent Mersey riverfront, but some experts fear that the north needs a 'supercity' to compete with London.
  • The Observer: British bookmakers remain among the favourites to triumph in the World Cup they'll take up to £600 million online according to a new report by Regulus Insights and Sporting Index and one of our teams, Betfair, will limber up for the big event this week by unveiling its annual results.
  • The Sunday Telegraph: Barclaycard poised to launch contactless wristband that will use payment technology similar technology to contactless cards in coming months as Barclaycard aims for growing segment of cashless payments.
  • The Sunday Telegraph: Sir Stuart Rose, chairman of grocery delivery company, Ocado is set to hire new non-executive directors.
  • The Sunday Telegraph: The supermarket is this week expected to report a decline in like-for-like sales of between 1% and 1.5% as its chief executive Justin King steps down.
  • The Sunday Telegraph: Francois Hollande, the French president, is not opposed to GE bid for Alstom as Siemens is not serious about bidding for Alstom’s energy arm, according to sources, and is just engaging with the French company to frustrate General Electric’s bid.
  • Mail on Sunday: South African retail billionaire Christo Wiese has set up a British shell company to prepare to launch a series of takeovers of stores groups.
  • Mail on Sunday: Discount stores continued to enjoy soaring sales last month as shoppers deserted the big chains for cheaper rivals, according to the latest figures on consumer spending from Barclaycard; spending at discount groups rose 23% in May on the same month a year before.
  • Mail on Sunday: William Hill poised to name James Henderson as its new boss, the appointment of Henderson, comes after a lengthy search in which it is thought the £3 billion group found it hard to attract outside candidates.
  • Mail on Sunday: Ministers should levy VAT on books and children's clothes suggested IMF; a report on the British economy has called for the Government to reduce the number of products that are exempt from the sales tax.
  • The Sunday Telegraph: Immuno-oncology's £21 billion potential market is holding promise for drug makers big and small as they race to make the drugs that trick cancer into being cured.

Share tips, comment and bids

  • The Sunday Telegraph: BT to go into film business bolster to TV offer; telecoms giant is discussing investment in $50 million Curzon film fund that would aim to attract independent film fans to BT TV.
  • Mail on Sunday: Digital music pioneer 7digital Group set to be valued at £30 million on AIM market.
  • The Observer (Comment): Big three Gulf airlines brush aside obstacles in pursuit of dominance.

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