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View the article online at http://citywire.co.uk/wealth-manager/article/a761387

Sunday Papers: Let small banks lend more, says Bank of England

by Himanshu Singh on Jul 13, 2014 at 04:55

Sunday Papers: Let small banks lend more, says Bank of England

Top stories

  • The Sunday Telegraph: Bank of England calls for relaxation of capital rules, which may improve competition and boost economy.
  • Mail on Sunday: Sports tycoon Mike Ashley will this week announce a leap in profits at Sports Direct as he prepares to embark on a ‘blitz’ of acquisitions.
  • The Sunday Telegraph: AstraZeneca to unveil Cambridge plans; the Anglo-Swedish drug maker is to launch a public consultation on the architectural plans for new £330 million facility on Friday.
  • The Sunday Telegraph: Ian Powell says UK’s low corporate tax rate is an added advantage for British business, and should not be dismissed.
  • Mail on Sunday: The number of properties for sale in Britain remains in a slump, at half the number on sale in 2008. What is more the number of properties for sale has been declining for months.

Business and economics

  • Mail on Sunday: Millionaire investors in a £5 billion alleged tax avoidance scheme run by financier Patrick McKenna’s investment firm Ingenious are preparing to settle with the taxman rather than face a court battle with the authorities.
  • The Sunday Telegraph: First Group board rejects carve-up calls; activist shareholders had proposed the group sell off its US arm.
  • Mail on Sunday: American drugs group AbbVie and its British takeover target Shire are widely expected to renew discussions this week after initial talks between the bosses of the two groups on Thursday and Friday were inconclusive.
  • The Sunday Telegraph: Drug groups have begun discussions with private equity players about the potential sale of their off-patent medicines, but hurdles remain.

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