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Sunday Papers: United Biscuits and Birds Eye chew flotation

Sunday Papers: United Biscuits and Birds Eye chew flotation

Top stories

  • The Sunday Telegraph: Private equity owners of United Biscuits and Birds Eye are looking to list both the companies before the end of the year.
  • The Independent on Sunday: The UK remains the most attractive destination in Europe for foreign business investment, winning almost 1,800 new projects in the past year - the highest since records began in the 1980s, according to official figures released today.
  • The Sunday Telegraph: Businesses demand independent oversight of UK infrastructure; EEF, British Chambers of Commerce, TUC and Airports Operator says long-term planning decisions should be depoliticised.
  • Mail on Sunday: Standard Life issues warning on 'automatic' pensions as duties of medium-sized firms go live.
  • Mail on Sunday: Forty Community Development Finance Institutions, responsible for funding more than 10,000 small businesses rejected for bank finance last year, have joined the non-bank business funding site alternativebusinessfunding.co.uk.

Business and economics

  • The Sunday Telegraph: UK economy to grow by 3.1%, predicts EY ITEM Club; the think tank says business investment has taken pressure off spending to fuel recovery.
  • Mail on Sunday: Center Parcs, the private-equity backed company which owns and operates five holiday villages across the UK, saw revenues and profits increase in its latest financial year as it continues to dominate the pricier end of the short break market.
  • Mail on Sunday: Britain has attracted its highest number of foreign investment projects since records began in the 1980s, according to annual figures from UK Trade & Investment for 2013-14.
  • Mail on Sunday: An investigation into competition in the banking industry will have to weigh the benefits of breaking up the big four banks against the cash costs, Alex Chisholm, chief executive of the Competition and Markets Authority, said this weekend.
  • The Sunday Telegraph: TSB plots £1.5 billion raid on 'bad bank' mortgages; UK Asset Resolution created from toxic debts of Northern Rock and Bradford & Bingley is selling off assets.
  • The Independent on Sunday: The courier firm FedEx faces drug-trafficking charges after being indicted by a federal grand jury in California.
  • Mail on Sunday: Staff at family-owned Yorkshire firm Bettys & Taylors enjoyed a bumper bonus last year as sales and profits rose; the firm saw sales rise 12% to £149 million and pre-tax profit edge up to £10.1 million.
  • Mail on Sunday: Boeing is understood to be talking to the Government about supplying its P-8 Poseidon maritime patrol aircraft as a multi-billion pound replacement for the British-built Nimrod, which was controversially scrapped in defence cuts.
  • Mail on Sunday: Sky is set to report a drop in profits on Friday when it unveils full-year results, as competition from arch-rival BT takes effect.
  • The Sunday Telegraph: Swiss billionaires inject cash into Monarch for third time in five years; travel group behind Monarch Airlines and Cosmos Holidays is understood to be receiving a £60 million cash injection from the Mantegazza family.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tip): Turnaround success hauls Wincanton into contention; the shares, trading on just eight times forecast earnings, are looking cheap.
  • The Sunday Telegraph: T.G.I. Friday's mulls sale of British outlets; owners Sentinel Capital and TriArtisan Partners are looking to offload the restaurant just two months after buying the global business.
  • The Observer (Comment): Our shamed banks need many things, but not another flawed inquiry; the CMA's probe will look at current accounts: one of the few areas of banking that provokes indifference rather than anger.
  • The Observer (Comment): The Bank of England will raise rates soon and experts want lenders to prepare homeowners for possible financial hardship.

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