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Sunday Papers: Co-op members vote in favour of reform

Sunday Papers: Co-op members vote in favour of reform

Top stories

  • The Sunday Telegraph: Co-op chief Richard Pennycook promises sweeping reforms after members approve for wholesale change at annual meeting.
  • Mail on Sunday: Pfizer is understood to be putting the final touches to an improved bid for AstraZeneca this weekend which is expected to value the British drugs giant at £67 billion.
  • Mail on Sunday: Sir Martin Sorrell's WPP joins pay revolt as Kentz and Chime feel the anger of shareholders.
  • The Observer: Britain's booming housing market represents the "biggest risk" to the economic recovery, Bank of England Governor Mark Carney has warned.
  • The Sunday Telegraph: Figures from City watchdog show that more than 19,000 companies did not meet deadline by which they were to register.

Business and economics

  • Mail on Sunday: Energy bills are set to go up after regulator Ofgem said it would go ahead with plans to shake up the energy market that will end up helping Scottish wind farms at the expense of power stations in England.
  • Mail on Sunday: Marks & Spencer chief executive Marc Bolland will this week hail a new era in his turnaround strategy despite a third year of sliding profits.
  • The Sunday Telegraph: Profits to put energy giant SSE under pressure; expected rise of 9% comes after company upped prices by 8.2% last year.
  • The Sunday Telegraph: Jump in profits expected to confirm Royal Mail's market value around 70% higher than Government's sale price.
  • Mail on Sunday: Adventure Forest Group, the firm behind the popular Go Ape treetop safaris, has reported rising sales and profits, and claims ‘green shoots of recovery’ are at last boosting its business; turnover for 2013 was £15.4 million, up from £13.1 million, while profits rose from £2.1 million to £2.6 million.
  • The Sunday Telegraph: British Gas plans for 'free power' Saturdays put on the back-burner; future of the tariff is in doubt after it emerged it would not be launched this year and energy firm was unable to give any revised date for its rollout.
  • Mail on Sunday: The Co-op Group is set to scrap its dividend to members and distribute profits to community projects instead as part of a root and branch reform of the mutual.
  • The Sunday Telegraph: Rothschild plots new investment division; Anglo-French bank responds to growing need for bespoke products.
  • The Sunday Telegraph: Glencore faces investor revolt over accounting; shareholder groups urge investors to vote against a resolution to ditch requirement to publish accounts in line with UK rules.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tip): TalkTalk expected to ring up dividend rise; buy
  • The Sunday Telegraph (Questor share tip): Questor editor John Ficenec says avoid the Saga float.
  • The Sunday Telegraph: ECI to buy 'antiques bible' maker ATG; publisher of Antiques Trades Gazette, considered an important source of information for antiquers such as Fiona Bruce, has doubled sales since 2008 buy-out.
  • The Sunday Telegraph: Citizens Financial's dividends boost RBS's float plans; Federal Reserve cap on returns will not apply to new shareholders in the US retail bank's forthcoming IPO.
  • The Sunday Telegraph: Private equity groups circle Pizza Express; Carlyle, CVC and Advent are all believed to have expressed an interest in the restaurant chain.
  • Mail on Sunday (Comment): Pfizer's bid for AstraZeneca...it's only about money.
  • The Observer (Comment): For those who remember the first time, the prospect of another vote on the EU is wearying. This relationship works well as it is.
  • The Independent on Sunday (Comment): Pfizer must be challenged over whether it has secret plans to move AstraZeneca's drug trademarks out of Britain to reduce its tax bill after buying the UK firm, a leading tax expert has urged.

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