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View the article online at http://citywire.co.uk/wealth-manager/article/a725958

Sunday Papers: ScottishPower to cut energy bills by 3.3%

by Himanshu Singh on Jan 05, 2014 at 07:04

Sunday Papers: ScottishPower to cut energy bills by 3.3%

Top stories

  • The Sunday Telegraph: ScottishPower to cut energy bills by 3.3% in wake of government green levy deal; the electricity and gas provider is expected to cut just over £40 from a typical dual fuel bill for its 2.2 million customers on variable-price tariffs.
  • Mail on Sunday: Almost all of the 20 hedge funds that now own 30% of the battered Co-op Bank have channelled their investments through offshore tax havens.
  • Mail on Sunday: Bankers at Goldman Sachs are expected to share £7.3 billion in annual pay and bonuses.
  • The Sunday Telegraph: M&S sales lack festive sparkle; retailer set to report third poor Christmas in a row.
  • Mail on Sunday: Budget airline easyJet is expected to announce this week that it carried nearly 4.4 million passengers in December, up more than 3%.

Business and economics

  • The Sunday Telegraph: Supermarket retailer Sainsbury's will stop taking online orders for physical media products from the end of February.
  • The Sunday Telegraph: Government to sell £12 billion of student loans; the landmark sale to cut deficit will take place this year.
  • Mail on Sunday: A £30 million Government-backed scheme to offer small businesses subsidised access to advice from thousands of experts will be launched this month.
  • The Sunday Telegraph: Rosehearty, the $29.7 million family sailing yacht owned by News Corp and 21st Century Fox chairman Rupert Murdoch, has been sold after less than four months on the market.
  • The Sunday Telegraph: Bank bonuses to rise on IPO surge; bonuses at the London arms of major banks are set to rise after UK investment banking fees rose by 12.5% last year.
  • The Sunday Telegraph: Iceland has finally settled the £2.5 million tax bill it received for taking 800 senior staff on a trip to Disney World in Florida.
  • The Sunday Telegraph: Rothschild bankers made partners; the 202-year-old investment bank has set up a partnership for 48 of its most senior bankers as the final step of a drawn-out process to unite its French and British branches.
  • The Sunday Telegraph: Travelodge checks in for £10 million relaunch; the low-cost hotelier plans to put an 'annus horribilis' behind it after staving off administration.
  • The Observer: Serial entrepreneur Sir Stelios Haji-Ioannou is cautiously making plans to enter the budget supermarket sector.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): Buy and hold NewRiver Retail
  • Mail on Sunday (Midas share tip): China Chaintek United looks like a solid, fast-growing firm and supporters believe the price should double from 1411⁄2p; the adventurous should have a punt.
  • Mail on Sunday (Comment): Now, at last, the economy is on the up, but until most people feel they are better off than they are at the moment, that sense of unfairness will not go away.
  • The Observer (Comment): George Soros says the model responsible for China's huge growth has run out of steam.
  • The Sunday Telegraph (Comment): RSA scandal was 'isolated incident'; an independent investigation is expected to conclude that no further write-downs will be needed.
  • The Sunday Telegraph (Comment): Renishaw seeks 'better use' for pensions deficit; group's chairman says he would resist any attempts by the regulator to force the company to put more cash into the scheme.

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