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View the article online at http://citywire.co.uk/wealth-manager/article/a759064

Sunday Papers: Addison Lee owner flags sale

by Himanshu Singh on Jun 29, 2014 at 07:44

Sunday Papers: Addison Lee owner flags sale

Top stories

  • The Sunday Telegraph: Addison Lee owner flags sale; Carlyle, the private equity business, has appointed Credit Suisse, the investment bank, to evaluate whether to cash in on its short ownership of the taxi operator.
  • The Sunday Telegraph: Annual bill for consumers to subsidise renewable technologies has soared to more than £2.5 billion as more plants are built and the cost for each unit of electricity rises.
  • Mail on Sunday: Controversial plans to privatise the Land Registry have been scrapped by the Government after a revolt by civil servants; the sell-off had been expected to raise at least £1.2 billion for the Treasury.
  • The Sunday Telegraph: Publisher of Antiques Trades Gazette, considered an important source of information for antiquers such as Fiona Bruce, has attracted new investment from private equity group ECI.

Business and economics

  • Mail on Sunday: Confidential details revealed exclusively to The Mail on Sunday show that Barclays will shut at least 50 branches this year.
  • Mail on Sunday: Household energy bills could rise even as competition watchdogs carry out an investigation into the sector because a key factor in energy costs could be excluded from the inquiry.
  • Mail on Sunday: The UK base rate is likely to return to 5% within a decade, according to the outgoing Bank of England deputy governor.
  • Mail on Sunday: Royal Bank of Scotland is planning a major push into mortgage lending in a bid to grab a 20% share of the market, it revealed on Friday.
  • The Sunday Telegraph: Swiss drug giant Novartis voices hope that costs of drug development can come down in future thanks to more sophisticated trials.
  • Mail on Sunday: The Bank of England cannot stop house prices rising and it should not attempt to do so, according to Spencer Dale, its most senior executive in charge of financial stability.

Share tips, comment and bids

  • The Sunday Telegraph (Questor share tip): Gulf Keystone Petroleum remains a sell.
  • The Sunday Telegraph: Unilever puts Brylcreem up for sale; the male hair grooming pomade has been put up for sale by Anglo Dutch consumer goods giant.
  • The Sunday Telegraph: Takeover windfall for Kentz saviours; the Malaysian investors that rescued the Irish engineer from collapse two decades ago are set to make around £250 million from their ownership.
  • The Sunday Telegraph: Osper closes £6 million funding round; the company which markets prepaid debit cards for children plans to roll out the business across the UK.
  • The Observer (Comment): Barclays' slowly improving reputation may disappear in these murky waters; the allegations of wrongdoing in the bank's 'dark pool' trading system are bad news for Antony Jenkins, for they cannot all be laid at the feet of the old regime.

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Arbuthnot to sell structured products business

by Dylan Lobo on Jul 22, 2014 at 08:05

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