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Sunday Papers: Business rates chaos costs £4.2bn

Sunday Papers: Business rates chaos costs £4.2bn

Top stories

  • The Sunday Telegraph: Business rates chaos costs £4.2 billion; British Property Federation says the number of appeals is "indicative of how business rates are crippling small businesses".
  • Mail on Sunday: Tesco's stock market value has slipped below £20 billion for the first time in a decade as fears mount that it is about to slash its dividend.
  • The Sunday Telegraph: Government-owned Northern Rock sues UBS over toxic mortgage products; Swiss bank says it believes allegations are 'without merit' in New York case.
  • The Sunday Telegraph: Poultry giant Moy Park cooking up London flotation; Northern Ireland's biggest company could fetch £1 billion valuation in public listing.
  • Mail on Sunday: Construction giant Carillion is set to sweeten its merger proposals for rival Balfour Beatty whose key investors are urging the reopening of talks ahead of Thursday’s deadline.

Business and economics

  • Mail on Sunday: Employers of low-paid workers, those on low wages, training providers and representative bodies have until 26 September to join in a consultation on the national minimum wage.
  • Mail on Sunday: Cambridge & Counties Bank – owned by Cambridge University’s Trinity Hall and the Cambridgeshire Local Government Pension Fund – lent businesses £200 million in the year to June 2014, up from £40 million in the previous year.
  • The Sunday Telegraph: Lifestyle retailer White Stuff is working on both online and physical sales to rake in nearly £10 million in profits.
  • Mail on Sunday: Collapsed stores chain JJB Sports has sent some of its unsecured creditors cheques worth less than the cost of the stamps used to return the money.
  • Mail on Sunday: Firms selling apps, video downloads and e-books directly to consumers face complicated changes to VAT rules in January.
  • Mail on Sunday: Entrepreneur Peter Dubens, executive chairman of telecoms firm Daisy, is a key member of the ‘independent committee’ that will assess chief executive Matthew Riley’s audacious £500 million approach for the group.
  • The Independent on Sunday: Unions and industry insiders are up in arms because two US engineering companies have been asked to oversee the way in which the Ministry of Defence runs the £14 billion arm that buys military kit.
  • The Sunday Telegraph: Top RAC staff in line for £300 million float windfall; the listing to trigger multi-million pound payout for senior management at breakdown service.
  • Mail on Sunday: Toys R Us has seen its sales and profits slump as it struggles to compete with the growing number of rival online retailers.
  • Mail on Sunday: Insurance and telecoms outsourcing consultancy Quindell will this week seek to convince doubters that its breakneck growth is based on firm foundations and that it is turning claimed sales into cash in the bank.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tip): Derwent London benefits from office property boom; London focused property group is on the rise and set to continue doing so. Questor says hold.
  • Mail on Sunday (Midas share tip): Clinigen: the underlying business has sound, long-term prospects and the shares offer good value at 3833⁄4p. Buy.
  • Mail on Sunday (Midas share tip): Time to quit IT group Daisy Group as its founder prepares to buy back the shares.
  • The Sunday Telegraph: Eliot Forster hopes for public listing for Creabilis, the Kent-based company he heads up.
  • The Sunday Telegraph: Priory Group, the private hospital operator, best known for its celebrity clientele, is in talks to buy Cygnet Healthcare from the man behind the renowned clinic's turnaround in the 1980s.
  • The Sunday Telegraph: Credit firm Amigo Loans put up for sale; Bankers appointed to look into sale of lender founded by James Benamor.
  • Mail on Sunday (Comment): Time was that any sign of a crisis in the Middle East and the price of oil went through the roof - and with it the chances of future prosperity. Not any more.
  • The Observer (Comment): The soaring London property market may be levelling off … to the delight of people who can't wait to buy a home themselves.
  • The Observer (Comment): Mark Carney is right to say that 'normal' rates will be lower than before. But rises to just 2% in Europe have caused problems.

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