- The Sunday Telegraph: The growing problems in the Chinese banking system could spill over into a wider financial crisis, one of the most respected analysts of China’s lenders has warned; Charlene Chu, a former senior analyst at Fitch in Beijing, said the rapid expansion of foreign-currency borrowing meant a crisis in China’s financial system was becoming a bigger risk for international banks.
- Mail on Sunday: Oil giant BP is set to report a sharp drop in annual profits this week due to weaker margins on its refining business, as well as disposals and reduced income from its Russian operations.
- The Sunday Telegraph: Ross McEwan, chief executive of the Royal Bank of Scotland, is to be called to a crunch meeting with the Bank of England over the state-backed bank’s capital position.
- Mail on Sunday: Lloyds Banking Group is hammering out a deal with regulators to pay its first dividend since the financial crisis began, which could see the bailed out bank return £350 million to the taxpayer.
- Mail on Sunday: The Financial Conduct Authority has written to consumer groups, including lobby group BullyBanks, asking them to contribute to its review into the behaviour of Royal Bank of Scotland’s controversial Global Recovery Group.
- The Sunday Telegraph: Warm December to hit British Gas profits; a fall in British Gas earnings is unlikely to avert criticism as profits at Centrica will rise.
Business and economics
- The Sunday Telegraph: Barclays has emerged as the top bank for new stock market listings in the City last year amid signs that 2014 could see a surge of initial public offerings.
- The Sunday Telegraph: Laird boss to be chairman of government-backed KTN; David Lockwood will head up agency to share knowledge of new technologies.
- Mail on Sunday: A report by MPs into the collapsed sale of 632 Lloyds branches to The Co-operative Bank could come out as soon as March.
- The Sunday Telegraph: Government fights for helicopter deal; officials in regular meetings with counterparts in India to resolve issue over AgustaWestland contract.
- The Sunday Telegraph: Bob Diamond reveals banking plan for Africa; ex-Barclays chief closes in on target as partners put in $20 million of own wealth.
- The Sunday Telegraph: Ocado eyes north west and Yorkshire for third centre as Morrisons online sales start ahead of expectations.
Share tips, comment and bids
- Mail on Sunday (Midas share tips): Action Hotels is operating in a sector where demand is growing and supply is limited. The shares should gain ground as the business expands, profits grow and dividend payments increase. Buy.
- Mail on Sunday (Midas update): Eckoh, which helps firms to handle consumer enquiries using speech recognition, is doing well. Existing investors should hold. New investors could also see value at current levels.
- The Sunday Telegraph: PayPal fends off calls for demerge from eBay; the online payment company says being part of the online auctioneer creates synergies.
- Mail on Sunday (Comment): Fears are rising of a new bank mis-selling scandal, with hundreds of small businesses owners signing up to loans under a Government-backed scheme wrongly believing it protects them against losses if their company fails.
- The Observer (Comment): So far this year $12 billion of foreign money has fled the stock markets of emerging economies, and last week's Fed decision will accelerate that.
- The Sunday Telegraph (Comment): The Ocado sneerers should eat some humble pie; the continuing robust health of Ocado is a testament to British entrepreneurialism.
- Mail on Sunday (Comment): Simon Walker, head of the Institute of Directors, believes the key to greater regional prosperity is putting an end to national pay bargaining.