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View the article online at http://citywire.co.uk/wealth-manager/article/a760233

Sunday Papers: Investors reject US approach for Mothercare

by Himanshu Singh on Jul 06, 2014 at 05:01

Sunday Papers: Investors reject US approach for Mothercare

Top stories

  • The Daily Telegraph: Top Mothercare investors back rejection of US takeover; Fidelty and Allianz dismiss Destination Maternity offer as opportunistic and inadequate.
  • The Sunday Telegraph: BlackRock restricts share lending after short selling attack on Blinkx; world's largest asset manager changes policy after losing £30 million in a day over controversial blog by Harvard professor.
  • The Sunday Telegraph: BCC urges policymakers to hand more firepower to Britain's Business Bank and encourage more competition among lenders so companies can begin exporting.
  • The Independent on Sunday: The free-trade agreement with the US that David Cameron has spearheaded at the European Union is expected to be widely condemned this week as bad for workers' rights and the environment.
  • The Independent on Sunday: The Transport Secretary Patrick McLoughlin is considering whether to pour hundreds of millions of taxpayers' money into a company that would build thousands of homes around stations on the High Speed Two railway line.

Business and economics

  • Mail on Sunday: HSBC has confirmed it will be shutting another 19 branches between now and the middle of September in response to falling demand for its high street services as more customers turn to the internet.
  • Mail on Sunday: Energy firms are heading for a showdown with industry regulator Ofgem over hundreds of millions of pounds the watchdog says firms should be able to return to customers.
  • Mail on Sunday: Britain is losing out to other European holiday destinations such as France, where VAT on tourist activities is lower warns a report.
  • The Sunday Telegraph: AbbVie keeps Shire investors in limbo; a new offer from US drugmaker AbbVie is "still possible", says a top 20 shareholder.
  • The Observer: Environmentalists and human rights campaigners have sounded the alarm at radical plans to ease conditions for World Bank loans, enabling more than $50 billion (£29 billion) of public money a year to be made available for large power, mining, transport and farming projects.
  • Mail on Sunday: Sussex beer maker Arundel Brewery has increased its production by 60% since it was taken over last year as its products have been taken up by leading supermarkets.
  • The Sunday Telegraph: Disposal of fashion retailer Phase 8 could raise £200 million-£250 million for owner Towerbrook.

Share tips, comment and bids

  • Mail on Sunday: PHS, the company that installs toilet rolls, soap and water coolers in a quarter of a million offices around the UK, is about to begin the process of selling itself in a bid to avoid falling into the hands of US vulture funds.
  • Mail on Sunday: Salvage contractors are set to refloat the stricken cruise ship Costa Concordia within the next two weeks in the latest stage of what has become the most expensive ship recovery operation in history.
  • The Observer (Comment): Sir Ken Morrison and Mike Ashley of Sports Direct have a lot in common, including their attitude to corporate governance. And look at what happened to Morrisons.
  • The Observer (Comment): There is a growing realisation that as economies recover, capitalism must become greener and fairer. It won't be easy.

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