Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Sunday Papers: Tesco to bolster boardroom to silence critics

Sunday Papers: Tesco to bolster boardroom to silence critics

Top stories

  • The Sunday Telegraph: Tesco to bolster boardroom to silence critics; the retailer is under pressure to add operational expertise to board after disappointing results.
  • The Sunday Telegraph: Councils to get power to ban new betting shops in blow for gaming industry; the sector to challenge move by David Cameron to allow local authorities to stop big bookmakers opening new shops in move to spike Ed Miliband’s promised gaming crackdown.
  • The Sunday Telegraph: Hedge fund manager Davide Serra alleges price manipulation in shorting attack on Quindell; Algebris Investments chief lodges complaint with FCA and US SEC after Gotham City Research note sends Quindell shares plunging.
  • Mail on Sunday: Hobbs fashion chain executive Gracia Amico has been drafted in to run a rapidly growing website for pampered pets; Amico has left the Hobbs board and last week began work as chief executive of online retailer PetsPyjamas.
  • Mail on Sunday: Marks & Spencer will this week make a high-profile push for its relaunched website and delivery service to capitalise on a £150 million revamp.

Business and economics

  • The Sunday Telegraph: BSkyB plans major overhaul of set-top box to meet Apple threat; 'Project Ethan' includes cloud-based recording and ultra-HD technology.
  • Mail on Sunday: Taxpayer-owned Royal Bank of Scotland is to sidestep a cap on bonuses - imposed by George Osborne on Friday - by handing top bankers free shares worth millions of pounds.
  • Mail on Sunday: Financial entrepreneur Ben Shaw is launching a new loans company aimed at providing quick lending to Britain’s super rich who find themselves in need of ready cash.
  • The Independent on Sunday: Tour de France and race victories boost bike sales by £106 million since 2008.
  • The Sunday Telegraph: The official figures expected to show the UK economy grew 0.9% in the first three months of the year and is expanding at a rate not seen since 2007.
  • Mail on Sunday: The City watchdog has demanded that QuickQuid, an American payday giant operating in Britain, opens an office here so it can be monitored more closely.
  • The Independent on Sunday: The Government has made no attempt to contact the handful of big City investors given preferential treatment during the Royal Mail flotation fiasco, despite many of them breaking an apparent gentlemen's agreement not to sell their shares.
  • Mail on Sunday: Argos owner Home Retail Group will this week announce its first increase in profits for six years after overhauling its catalogue shop business’s online strategy.
  • Mail on Sunday: The boss of John Lewis was awarded a 10% pay rise in the year he oversaw an administrative error that wiped tens of millions of pounds off profits.
  • Mail on Sunday: Standard Life’s governance chief Guy Jubb is set to meet Barclays for peace-keeping talks after a heated clash over the bank’s pay.
  • The Sunday Telegraph: Oddbins to treble number of UK off-licences; chain returns to growth under European Food Brokers after falling into administration in 2011.
  • The Sunday Telegraph: S&P downgrades Aston Martin; the carmaker debt rating cut to B and its most recent financing packages handed a junk rating.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): Sports agency and baseball specialist TLA Worldwide is in a fast-growing industry – Buy.
  • Mail on Sunday: Shares in Amazon fell sharply in New York yesterday after concerns were raised about the US tech giant's high level of spending.
  • Mail on Sunday: Shareholders in India-focused oil firm Essar Energy have stepped up their resistance to a bid by the majority owners; Standard Life Investments issued a stinging rebuke to India’s Ruia family, which owns 77% of Essar and has offered 70p for each share they do not own.
  • The Observer (Comment): Osborne's intervention over RBS was cynical and ultimately nonsensical.
  • The Observer (Comment): It's easy to moan about bonuses, but just how do we fix banks?
  • The Observer (Comment): David Moyes has left Manchester United, and Sky's dominance of Premier League TV is starting to crumble as well.
  • The Independent on Sunday (Comment): The face of McDonald's has been given a makeover and a Twitter account.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Wealth Manager on Twitter