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Sunday Papers: Carney told to rein in mortgages

Sunday Papers: Carney told to rein in mortgages

Top stories

  • The Sunday Telegraph: Nordic regulators have called for swift action to prevent crisis as Bank of England Governor Mark Carney is expected to announce new measures to rein in mortgage lending.
  • The Observer: The country's publicans and retailers are grieving over hundreds of millions of pounds of lost sales as the football feelgood factor leaks away from the high street.
  • Mail on Sunday: Petrol retailers are warning of higher prices at the pumps as the bloodshed in Iraq sends the cost of oil soaring; and if a barrel of crude hits $120 the world could face a fresh economic crisis.
  • The Sunday Telegraph: Confederation of Business Industry's deputy director general has called for fundamental reform on business rates describing the system as "outmoded, clunky and regressive".
  • The Observer: GlaxoSmithKline, the pharmaceuticals multinational, has apologised after being accused of playing on the hardship of unpaid interns to recruit them to take part in clinical trials.

Business and economics

  • The Sunday Telegraph: Chief investment officer of Harris Associates, a US investment fund which is Tesco's seventh-largest shareholder, has said that Terry Leahy should not denigrate the retailer given his own role in seeding many of its problems.
  • The Sunday Telegraph: Patrick McCall, executive co-chairman of Virgin Trains, voiced concern that HS2 project has not invited enough input from rail operators on passenger demands.
  • The Sunday Telegraph: The plans to turn Great Scotland Yard, Whitehall, into a luxury hotel have attracted the buyers from Middle East.
  • The Sunday Telegraph: George Osborne's brother has launched a tech fund venture that will use Government's EIS and SEIS schemes to help investors recoup tax relief of up to 64% on all investments through the vehicle.
  • The Sunday Telegraph: Drug maker Shire to tell investors plan to double revenues by 2020 in an attempt to ramp up defense against AbbVie bid.
  • Mail on Sunday: The English Premier League will stage an auction for sponsors for the first time in 12 years, further cutting Barclays’ chances of keeping its name associated with the most popular football league in the world.
  • Mail on Sunday: RBS is giving small businesses and inventors who are pioneering resource efficiency the chance to test their ideas on the bank’s 2,500 buildings.
  • Mail on Sunday: Internet fashion retailer Asos was forced to close its website yesterday after a fire at its giant warehouse in Barnsley, South Yorkshire; police launched a criminal investigation last night and are treating the incident as ‘deliberate’.
  • Mail on Sunday: Shoppers would support action to cut business rates, retail campaigners say, after a survey found local taxes were seen as the biggest problem for town centres.
  • Mail on Sunday: Spy agency GCHQ is to provide classified information to private companies thought to include BT and Vodafone to guard against cyber attacks, but the move has raised security fears.

Share tips, comment and bids

  • The Sunday Telegraph: RBS is not able to speed up sale of Williams & Glyn sale as business secretary said divestment of challenger bank has taken 'inordinate amount of time'.
  • The Sunday Telegraph: British Car Auctions is preparing to float; the Enfield-based company, owned by Clayton Dubilier & Rice, is thought to be worth as much as £1.2 billion.
  • The Sunday Telegraph: Private equity group, Inflexion, eyeing third flotation of year with online holiday company, On The Beach.
  • The Observer (Comment): Moment of truth for watchdog charged with deflating dangerous bubbles; the financial policy committee may conclude the property boom has not spread nationwide, but doing nothing is not an option.

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