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: £2bn float for fast food giant SSP

Sunday Papers: £2bn float for fast food giant SSP

Top stories

  • The Sunday Telegraph: The SSP hopes to raise up to £500 million from 25% stake, heralding Kate Swann's stock market return.
  • The Sunday Telegraph: Marks & Spencer is planning to overhaul the incentive package for its shareholders.
  • Mail on Sunday: Top bankers may face a new crackdown on pay as the European Banking Authority is set to regulate new forms of remuneration amid fears banks are adopting them to sidestep the bonus cap.
  • Mail on Sunday: American pharmacy giant Walgreens may move to Britain for tax purposes as part of a $100 billion (£62.5billion) restructuring that could include the acquisition of Boots.

Business and economics

  • Mail on Sunday: Oil prices have reached a three-year high of $113.50 a barrel following rapid gains by militants in Iraq.
  • The Sunday Telegraph: Paul Smee, director general of the Council of Mortgage Lenders warns "crude" mortgage caps could lock people out of the market and make it difficult for some borrowers to move house.
  • The Sunday Telegraph: ICBC, which has assets of more than $3.06 trillion (£1.8 trillion) is on course to become the first Chinese bank to gain a British bank branch licence.
  • The Sunday Telegraph: Liberty owner in £20 million rescue bid for Mamas & Papas; luxury department store owner is in talks to rescue Mamas & Papas, the upmarket prams and maternity wear chain.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): Initially spun out of Southampton University, Synairgen shows that British biotech firms can deliver returns. Now the firm plans to repeat its success with other drugs. Take some profit now, but do not sell out.
  • Mail on Sunday (Midas share tip): Some student property groups have fallen into difficulties but Empiric intends to distinguish itself by focusing on smaller, top-end accommodation; one to buy for the long term.
  • The Sunday Telegraph (Questor share tip): The precious gem miner, Petra Diamonds, unearths a huge blue diamond that could greatly reduce risks for long term investors.
  • The Sunday Telegraph (Questor share tip): Avoid PZ Cussons as currency weakness hits profits.
  • The Sunday Telegraph: UKFast chief turns down £200 million takeover bid; boss of Manchester-based web hosting provider says he would be 'daft' to cash in on growing business.
  • The Sunday Telegraph: BSkyB dish supplier Global Invacom Group to list on Aim; Hertfordshire-based Global Invacom Group is believed to be raising in the region of $10 million for organic growth.
  • The Sunday Telegraph: Crown Estate eyes giant retail park; bids for Fosse Shopping Park in Leicester, which is estimated to be worth £350 million, are due on Monday.
  • The Observer (Comment): Apple, Starbucks and Fiat face scrutiny of their tax deals with three countries, but George Osborne should probably be the first to get his collar felt.
  • The Sunday Telegraph (Comment): We can't afford not to talk about Scottish independence.

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 IBT's Craig: Why we upped gearing following biotech sell-off

IBT's Craig: Why we upped gearing following biotech sell-off

International Biotechnology trust, managers Ailsa Craig and Cal Harald Janson, are continuing to find attractive opportunities, particularly in European names.

Play Sector Spotlight: Thomas Miller's Jordan Sriharan on bonds

Sector Spotlight: Thomas Miller's Jordan Sriharan on bonds

With the US interest rates on hold for now, we suss out how wealth managers are managing their fixed income exposure in this environment.

Play Kames' CIO: US bowed to international pressure

Kames' CIO: US bowed to international pressure

Stephen Jones, chief investment officer of Kames Capital, said the US domestic economy passed the test, but international concerns weighed heavy.

Wealth Manager on Twitter