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View the article online at http://citywire.co.uk/wealth-manager/article/a732763

Sunday Papers: Eurozone banks face £42bn ‘black hole’

by Himanshu Singh on Feb 09, 2014 at 06:21

Sunday Papers: Eurozone banks face £42bn ‘black hole’

Top stories

  • The Sunday Telegraph: Eurozone banks face £42 billion 'capital black hole'; Algebris chief Davide Serra says this year's stress tests by European authorities are likely to find fresh problems in the eurozone banks.
  • Mail on Sunday: EasyJet's founder and biggest shareholder, Sir Stelios Haji-Ioannou, is set to vote at its annual general meeting this week against the £6.5 million pay packet awarded to chief executive Carolyn McCall.
  • The Sunday Telegraph: Barclays to reveal £5.8 billion recovery; profits and bonuses forecast to rise at bank as sector bounces back.
  • The Sunday Telegraph: Google accused professor behind Blinkx share fall of bias; Professor Ben Edelman has previously faced accusations of producing unfair research.

Business and economics

  • Mail on Sunday: The Bank of England is to test whether banks and building societies would go bust if house prices crash.
  • The Sunday TelegraphCarney to defend Bank as it holds off rate rise; the Bank of England governor will argue that slack remains as it seeks to reiterate that Britain's economy is not yet strong enough to withstand tighter monetary policy.
  • The Sunday Telegraph: Punch debt deal 'only benefits shareholders'; lenders with blocking stakes plan to vote against a restructuring plan promoted by Punch's executive chairman, Stephen Billingham.
  • The Sunday Telegraph: Property giants in legal battle over Game Group; landmark Court of Appeal ruling over tens of millions in retailer's unpaid rent could change high street rules.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): TyraTech is a riskier investment than some; but it is expected to move into profit next year and grow quickly thereafter – buy.
  • The Sunday Telegraph (Questor share tip): Keep calm and hold Vodafone.
  • The Sunday Telegraph: RBS could put brake on Liberty's battle for F1; "change of ownership" provision related to CVC's control of sport could scupper John Malone's takeover plans.
  • The Sunday Telegraph: Last year, M&A transaction values for financial services companies almost doubled, while volumes increased by 35% on 2012 levels.
  • The Observer (Comment): Twitter lost a quarter of its market valuation in one day, and looks unlikely to get any of it back for some time.
  • The Observer (Comment): With Steve Ballmer on the board and Bill Gates peering over his shoulder, Satya Nadella is facing unnecessary extra pressure.
  • Mail on Sunday (Comment): The decision by the Chancellor to cap any rise in business rates at 2%, announced in the autumn, was welcome. But more needs to be done.

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