Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Sunday Papers: Barclays considering exit from Premier League deal

Sunday Papers: Barclays considering exit from Premier League deal

Top stories

  • The Sunday Telegraph: Barclays considering Premier League exit; the deal is under fire after senior figures at the bank said the lender's £40 million-a-year sponsorship of the Premier League had "zero value" in the UK.
  • The Sunday Telegraph: Official data this week will show that the UK economy grew 1.9% in 2013, the strongest annual growth since 2007.
  • The Observer: The IMF believes that the next phase of the gradual removal of stimulus to the US economy by the Federal Reserve, due later this week, could be the trigger for fresh turbulence in countries seen as vulnerable to capital flight, such as Turkey and Indonesia.
  • The Sunday Telegraph: Lloyds is expected to announce next month that it has rebuilt a £50 billion gilt portfolio, which would increase the likelihood of Lloyds getting permission to resume dividend payments to investors.
  • Mail on Sunday: Boss at JJB supplier Fashion & Sport David Barrington charged over £1 million fraud probe.
  • The Sunday Telegraph: Prudential has held talks with the Treasury to increase the supply of social housing across the UK and is spearheading a near-£300 million project to finance the construction of around new homes.

Business and economics

  • The Sunday Telegraph: Déjà vu as investors pull out of emerging markets; retail investors flee developing nations as Fed taper exposes flaws.
  • Mail on Sunday: A row about whether politicians pushed Lloyds to sell 632 branches to the ailing Co-op Bank is set to deepen with former Bank of England Governor Mervyn King giving his account of the controversial sale.
  • The Observer: Michaels, the biggest US arts and crafts retailer, said on Saturday it was working with federal law enforcement officials to investigate a possible data breach on its systems that process payment cards.
  • The Sunday Telegraph: RBS’ new chief executive, Ross McEwan, is examining a scheme to put small business lending back under the control of the retail bank.
  • The Sunday Telegraph: Arm Holdings chairman Buchanan is preparing to step down from the role less than a year after the departure of long-term chief executive Warren East.
  • Mail on Sunday: The Bank of England should start to raise interest rates as early as this summer to avoid giving households a shock with larger increases, Andrew Sentance, a member of the Monetary Policy Committee until 2011, has warned.
  • The Observer: Midasplayer.com, the parent company of games firm King, reported turnover of €26.6 million (£22.1m) and a net profit of €5.3 million for the year, compared to €30 million and a €209k loss respectively in 2011.
  • The Sunday Telegraph: BlackRock chief Larry Fink says the euro will fall in the currency markets over the next year as the present rate is "unsustainable".
  • Mail on Sunday: Belaguered Marks & Spencer boss Marc Bolland has been appointed a Government ‘business ambassador’ to promote British firms abroad.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): Promotional gifts group 4imprint has considerable potential; investors who bought in 2011 may wish to bank some profit and sell 30 to 50% of their shares, but they should keep the rest.
  • Mail on Sunday (Midas share tip): The medical profession is notoriously conservative but LiDCO is breaking through and sales are growing fast. Buy.
  • Mail on Sunday: China Mobile, one of the world’s largest mobile phone firms, has looked at buying a multi-billion pound stake in Vodafone in the hope of setting up a joint venture with the British blue-chip company.
  • The Sunday Telegraph: AT&T boss Randall Stephenson meets with EU regulator Neelie Kroes as Vodafone takeover speculation intensifies.
  • Mail on Sunday (Comment): Interest rate rise would wreck economic recovery.
  • The Observer (Comment): The FTSE 100 is within touching distance of its dizzy 1999 heights. But the years since then remain a cautionary tale.
  • The Observer (Comment): By sacking editor Tony Gallagher, the Telegraph seems to have signalled its intention to put the internet first - but there's no magic solution.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Wealth Manager on Twitter