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Sunday Papers: BA launches lawsuit against pension trustees

by Himanshu Singh on Dec 08, 2013 at 05:41

Sunday Papers: BA launches lawsuit against pension trustees

Top stories

  • The Sunday Telegraph: British Airways launches legal action against its pension trustees; airline attempts to prevent a rise in the cost of the scheme, in a dispute that traces its history back to BA's privatisation in the 1980s.
  • Mail on Sunday: Controversial former Barclays boss Bob Diamond is on the verge of sealing a dramatic comeback to the City, with a plan to create a new African-focused banking group listed on the London stock market.
  • The Sunday Telegraph: Small businesses across the UK, Republic of Ireland, Germany, Italy, Spain and the Czech Republic have thrown off their austerity shackles and are forecasting growth over the next two years, a report has found.
  • Mail on Sunday: Allegations that Royal Bank of Scotland destroyed small firms for profit are set to take a major new twist as ex-directors and shareholders of failed fashion chain Peacocks consider a complaint to the Serious Fraud Office.
  • The Observer: Greece's parliament approved a budget plan on Saturday that included more than €3 billion (£2.51bn) of austerity cuts, with the debt-laden country hoping to emerge from a six-year recession next year.
  • The Sunday Telegraph: The chairman of Centrica has turned on the critics of the “Big Six” energy companies, saying that ill-judged attacks will put off investors and that it was time to end the “Punch and Judy” debate.
  • The Sunday Telegraph: Boris Johnson's adviser concedes that if Davies Commission rules any options out, the Mayor's proposed island airport is "most at risk".

Business and economics

  • The Observer: The scandal-hit Co-operative Group is cutting funding for ethical causes while paying hundreds of thousands of pounds to former Tory aides for advice.
  • The Sunday Telegraph: Royal Mint falls into the red as sale looms; Mint makes pre-tax loss of £2.24 million on sales of £254 million in the year to March 2013 despite potential uplift offered by London Olympics and Queen's Diamond Jubilee.
  • The Observer: President Barack Obama has called on Congress to extend benefits for the long-term unemployed before they expire at the end of the year.
  • The Sunday Telegraph: TGI Friday's plans to double UK presence; American-themed restaurant chain hopes to double in size in the UK over the next six years.
  • The Observer: The World Trade Organisation has sealed its first global trade deal after almost 160 ministers who had gathered on the Indonesian island of Bali agreed to reforms to boost world commerce.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): Buy Greenko Group, which specialises in renewable power across the subcontinent; the group has a well-planned strategy for growth, there is enormous demand for power and the shares should respond.
  • The Sunday Telegraph (Questor share tip): AstraZeneca is a long term buy; the FTSE 100 pharmaceutical group could see its shares double due to a bulging new drug pipeline.
  • The Sunday Telegraph (Questor share tip): Brewin Dolphin dividends are soaring; the wealth manager has restructured and is growing both assets under management and dividends fast.
  • The Sunday Telegraph: Encore sold in £60 million West End deal; ISIS to sell West End ticket agency to private equity peer ECI.
  • The Observer (Comment): George Osborne's autumn statement was an all-purpose political pick-and-mix of tax cuts for shopkeepers and pennies off at the pump, liberally sprinkled with "don't let Labour ruin it" rhetoric.

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