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View the article online at http://citywire.co.uk/wealth-manager/article/a752891

Sunday Papers: Bank set to burst housing bubble by curbing loans

by Himanshu Singh on May 25, 2014 at 03:58

Sunday Papers: Bank set to burst housing bubble by curbing loans

Top stories

  • Mail on Sunday: Lenders are facing a regulatory crackdown as the Bank of England prepares to pop the London housing bubble, with Barclays and Santander among those that could see lending curbed, according to a leading mortgage market expert.
  • The Sunday Telegraph: Osborne to tell banks to increase small business lending; Treasury is planning to call for more lending competition as its new website will help businesses compare deals.
  • The Sunday Telegraph: Hope of a deal has not been completely abandoned by Pfizer, but AstraZeneca's advisers are not expecting any further developments over the weekend.
  • The Observer: Neil Woodford, the former Invesco Perpetual star, who played a key role in the battle for AstraZeneca, can expect small investors to join his Woodford Equity Income Fund.
  • The Sunday Telegraph: Land Securities boss, Rob Noel, had admitted that he is concerned about overpriced London housing, but does not think it has entered bubble territory.

Business and economics

  • The Sunday Telegraph: Bicycle retailer Halfords has asked suppliers to pay up to 10% of their annual sales with Halfords to help fund the company's £100 million store modernisation programme.
  • The Sunday Telegraph: Comparethemarket plans buyer reviews to bolster products hoping to create TripAdvisor equivalent for financial services.
  • The Sunday Telegraph: Campaigners have warned that thousands of businesses may miss out on billions in compensation from banks that are being 'stingy with mis-selling payments'.
  • The Sunday Telegraph: F1 teams show net losses of £320 million; just three of the nine F1 teams that file publicly-available financial statements showed a profit for 2012.
  • The Sunday Telegraph: 3i poised for return to FTSE 100; private equity group's prospective re-entry into the blue-chip index would mark triumph for Simon Borrows, who took charge in May 2012.
  • The Sunday Telegraph: Optimal Payments to borrow for £120 million deal; Aim-listed online payments company plans first major acquisition since formation, ahead of move to premium listing.
  • The Observer: Stagecoach boss Ann Gloag's decision to close an airport that she bought for £1 last year and then seek to build up to 1,000 homes on the site has created an unholy brouhaha that has sucked in everyone from the prime minister down.
  • Mail on Sunday: BP chief executive Bob Dudley is defying international opinion by visiting Russia this weekend, where he is set to meet with Igor Sechin, head of energy giant Rosneft.
  • Mail on Sunday: Mars has been accused of putting the squeeze on suppliers by trying to delay paying bills for as long as four months.

Share tips, comment and bids

  • The Sunday Telegraph: Gym chain, Fitness First has secured £115 million debt facility with group of four banks including HSBC and Barclays.
  • The Sunday Telegraph: Caffe Nero owner, Alcuin Partners, is expected to sign a £20 million agreement this week to buy the bespoke furniture business, Neville Johnson, from Key Capital Partners.
  • The Sunday Telegraph: London Early Years Foundation has secured £1.25 million in funding from The Big Issue Invest and Bridges Ventures.
  • The Sunday Telegraph (Comment): Russia-China gas deal could ignite a shift in global trading.
  • The Observer (Comment): The eurozone is starting to recover. Now the new phase of its crisis begins.
  • The Sunday Telegraph (Comment): The deadline for a new Pfizer offer for AstraZeneca will pass on Monday but that could be just the start of a long battle for AstraZeneca's chief executive.

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