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Sunday Papers: Jon Moulton circles turbulent Monarch

Sunday Papers: Jon Moulton circles turbulent Monarch

Top stories

  • The Sunday Telegraph: Monarch, the struggling travel group, is seeking as much as £60 million of fresh capital from private equity funds such as Jon Moulton's Better Capital as it attempts to stay airborne.
  • Mail on Sunday: Punch Taverns, Britain’s second-largest pub company, is set to formally launch its long-awaited £2.3 billion restructuring tomorrow aimed at securing the future of the 4,000-strong chain.
  • The Sunday Telegraph: Ofgem ‘to blame’ for high prices; investigator urged to look at energy regulator’s role, as experts say watchdog may have reduced competition.
  • Mail on Sunday: More businesses are successfully applying for loans and credit facilities – 80% were accepted this year – though many are seeking alternative sources of cash other than banks.
  • The Sunday Telegraph: Richard Glynn is expected to hold on to his job for now after getting the bookmaker's digital business up to scratch for the World Cup.
  • Mail on Sunday: Britain's biggest betting shop chain William Hill has come under fire from MPs after abandoning its pledge to ensure that no employee was ever expected to work alone late at night.

Business and economics

  • Mail on Sunday: Activists at the crisis-hit funerals-to-grocery Co-operative Group may push for more representation on a reformed board.
  • Mail on Sunday: Cineworld’s UK and Ireland box office revenues were down by 0.6% in the year to the week before the end of July, but its total box office revenue was up 27% compared to the same time last year.
  • Mail on Sunday: Shares in oil explorers with significant operations in Kurdistan came under severe pressure last week as the conflict in northern Iraq moved closer to the region; Genel Energy and Gulf Keystone Petroleum fell 20% and 15.9% respectively over the course of last week.
  • Mail on Sunday: Serco, the troubled outsourcing giant being probed by the Serious Fraud Office, is set to plunge into the red and is believed to be poised to ask investors for hundreds of millions of pounds.
  • Mail on Sunday: Insurance giant Prudential is set to reveal a smaller-than-expected rise in profits of just 6% as a result of the strength of sterling.
  • Mail on Sunday: The three shareholders behind Laing O’Rourke have split a £20.5 million payday as profits at the UK’s largest private building firm dipped.
  • The Sunday Telegraph: China's consumer price index rose by 2.3% year-on-year in July, beating the 3.5% target set by the government.

Share tips, comment and bids

  • Mail on Sunday (Midas share tips): Vertu Motors shares are a long-term buy.
  • Mail on Sunday (Midas share tips): Chinese drugs firm MediTech looks healthy after doubling in three years.
  • The Sunday Telegraph (Questor share tip): Buy Bellway as shares look cheap; FTSE 250 housebuilder is rapidly increasing profits and dividends and that makes the shares look too cheap.
  • Mail on Sunday: Scottish oil exploration technology firm Proserv is understood to be for sale at £500 million - and the likely buyer is the former owner of Pizza Express.
  • Mail on Sunday: Durham-based Ebac, an electrical firm that has made a commitment to making goods in Britain, has clinched a deal to sell freezers through retail giant Argos.
  • Mail on Sunday: Bonhams auction house could be sold to China’s Poly Culture, which has emerged as one of the frontrunners bidding for the company.
  • The Sunday Telegraph: Lansdowne buys into online luxury retailer Achica; hedge fund backs next stage of development ahead of possible stock market float.
  • The Sunday Telegraph: Qinetiq has secured a five-year, £33 million deal with the Ministry of Defence.
  • Mail on Sunday (Comment): Mark Carney is right to factor in wages when it comes to setting interest rates.
  • The Observer (Comment): Things are looking bleak for Italy. With no growth and no inflation it and other eurozone countries need an injection of quantitative easing to help them weather reforms and sanctions.
  • The Observer (Comment): Private equity has plenty of willing suckers I mean, investors; the fortunes of Just Eat and Candy Crush company King Digital Entertainment prove that Gordon Gekko was right.

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