Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Sunday Papers: Carphone and Dixons to confirm £3.6bn tie-up

Sunday Papers: Carphone and Dixons to confirm £3.6bn tie-up

Top stories

  • The Sunday Telegraph: Dixons and Carphone Warehouse are on Thursday expected to confirm their “merger of equals” in a deal that will change the face of British electronics retailing.
  • Mail on Sunday: American drugs giant Pfizer is to face a mass campaign against its planned takeover of British rival AstraZeneca as unions attempt to mobilise the public in a Cadbury-style revolt against the multi-billion pound deal.
  • The Sunday Telegraph: Co-op Bank hits £400 million fundraising; the Co-operative Group's stake has reduced to 20.03%.
  • Mail on Sunday: City experts are warning that Lloyds plans to unleash fresh waves of closures which could mean hundreds of branches being axed.
  • The Sunday Telegraph: Europe's banks need a fundamental restructuring to sort out the mess from the 2008 financial crisis, claims former senior aide to European Commission president José Manuel Barroso.

Business and economics

  • Mail on Sunday: Reformers hoping to overhaul the battered Co-operative Group fear their plans could be stymied by board members who face losing their £80,000-a-year jobs even if the changes are approved at this week’s annual general meeting.
  • Mail on Sunday: The Co-operative Group plans to kick its former banking subsidiary out of all of its supermarkets in the latest sign of a deepening split between the two organisations.
  • The Sunday Telegraph: BT has promised to "shack up" the mobile market when it launches its own network this year, raising the prospect of price war on 4G services.
  • The Sunday Telegraph: Vince Cable will open the UK's largest purpose-built winery this week, creating up to 230 jobs in rural Sussex.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tip): Avoid Drax as future falls victim to change in policy.
  • Mail on Sunday: Dixons Retail and Carphone Warehouse will this week reveal the terms of a £4 billion merger of the two groups, promising it will create hundreds of new jobs.
  • The Sunday Telegraph: Cycling specialist saddles up for flotation; Wiggle is working with advisers at boutique investment bank Rothschild on a potential flotation.
  • The Sunday Telegraph: Software company Anite has entered into exclusive talks to sell its travel business to LDC, the private equity arm of Lloyds Banking Group.
  • The Sunday Telegraph: Formula 1 has handed thousands of free hospitality passes, worth the equivalent of $5.4 million, to CVC, the private equity fund that controls it.
  • The Sunday Telegraph: Yahoo! spent more than $1.21 billion buying 22 private technology businesses last year.
  • Mail on Sunday (Comment): With dangerous bubbles appearing in parts of the housing market, the Bank must find a way to cool those hotspots without derailing the whole economy.
  • The Observer (Comment): The former City minister has divided the co-operative movement. But his proposals are the only credible ones on the table.
  • The Sunday Telegraph (Comment): Only full separation will make our big banks safe; as long as retail and investment banking are contained within the same group, governments will never let them go bust, given the need to protect ordinary deposits.

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 Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter