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Sunday Papers: Banks fear 'risk to City’ of EU exit

by Himanshu Singh on Dec 30, 2012 at 05:40

Sunday Papers: Banks fear 'risk to City’ of EU exit

Top stories

  • The Sunday Telegraph: Some of the City's largest banks are privately warning the Treasury that moves towards Britain leaving the European Union would be a disaster for the City and would jeopardise confidence in the economic recovery.
  • The Independent on Sunday: Tidjane Thiam, Prudential's ambitious boss, is planning to review the company's structure next year in a move that could lead to the long-mooted break-up of Britain's biggest insurance group.
  • The Sunday Telegraph: Hewlett-Packard fired its latest salvo in its war of words with Autonomy founder Mike Lynch when it insisted it had been "very transparent" over an alleged accounting fraud at the company it bought.
  • The Independent on Sunday: All eyes will be on Ftse 100 high street titan Next on Thursday, as the retail bellwether offer up some of the sector's first hard news on festive sales.

Business and economics

  • The Mail on Sunday: Government-backed venture capital funds grew by 20% in the latest financial year, despite big slumps in value at several of its investment funds.
  • The Sunday Telegraph: China is poised to gain control of a key iron ore supply route in Africa as the country continues to expand its dominance over the continent's natural resources.
  • The Sunday Telegraph: Business confidence is still in a fragile state despite a slightly better economic outlook for 2013, according to research from the accountancy firm BDO.
  • The Mail on Sunday: Lloyds is facing a multi-million-pound loss after the collapse last month of one of its debtors, aerospace group Hampson Industries.
  • The Observer: America teetered on the fiscal cliff on Saturday as Senate leaders continued to haggle over a tax deal to avert a looming US economic crisis.
  • The Observer: Figures from retail research firm Springboard show December numbers until Christmas Eve were down 1.3% on last year.
  • The Independent on Sunday: British investors are starting to pour their cash into the Iraq Stock Exchange, as Baghdad looks for the billions it needs to rebuild the country's fragile economy.

Share tips, comment and bids

  • The Sunday Telegraph: LCH.Clearnet will begin a campaign this week to persuade shareholders it has received a better takeover offer from the London Stock Exchange - even though the headline price has dropped by 21%.
  • The Mail on Sunday: Jim O’Neill, chairman of Goldman Sachs Asset Management, said that the two sides might not have to seal a final deal, but they need at least to convince markets that a solution is imminent.
  • The Observer: HMV’s lenders plan to block efforts by turnaround fund Apollo to buy the firm’s debt as they plot a revival of its fortunes.
  • The Sunday Telegraph (Comment): An unlikely new consensus about the world economy seems to be emerging - 2013, it is now quite widely believed, is going to be quite a bit better than 2012.
  • The Sunday Telegraph (Comment): So here we are, at the turn of the year, with the global economy tottering on the edge of America's fiscal cliff.
  • The Observer (Comment): With debt spiralling upwards, the US president must act to make the system fairer and stop pandering to baby-boomer greed.
  • The Observer (Comment): Britain should not be contemplating isolation from Europe; rather, it should engage with its leaders to stop austerity measures that threaten social stability.
  • The Mail on Sunday: As well as tougher regulations and sanctions, we need decent financial education.
  • The Mail on Sunday (Midas share tips): Existing investors in Quindell Portfolio who have tripled their money should sell a third of their stock to bank some profit but keep the rest; hold Secure Trust Bank; Energetix Group - Existing investors should hold and new investors could buy a few shares at current levels; hold and be patient with Futura Medical; Magnolia Petroleum - nervous investors should sell now. Others should sell half their shares and keep the rest.

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How is regulation feeding the outsourcing trend?

on Jul 24, 2014 at 10:59

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