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View the article online at http://citywire.co.uk/wealth-manager/article/a743386

Sunday Papers: Labour’s bank breakup plan 'impossible,’ says competition boss

by Himanshu Singh on Mar 30, 2014 at 05:09

Sunday Papers: Labour’s bank breakup plan 'impossible,’ says competition boss

Top stories

  • The Sunday Telegraph: Labour's plans for a swift break-up of Britain's banking industry would be unworkable, Alex Chisholm, the head of the UK's new competition watchdog, has warned.
  • Mail on Sunday: Department store giant House of Fraser has fired the starting gun on a £450 million flotation that could bring chairman Don McCarthy a £90 million windfall.
  • The Sunday Telegraph: Pension reform 'could put millions in poverty’; Adair Turner, one of the architects of pension reform, says George Osborne's changes went "too far".
  • Mail on Sunday: A battle for £2 billion of taxpayers’ money starts on Monday as the Government invites bids from business regions for a slice of its Local Growth Fund.
  • The Sunday Telegraph: Andrew Tyrie says conduct of regulator should be reviewed after release of market sensitive information rattled investors in insurance industry.

Business and economics

  • Mail on Sunday: Grocery delivery firm Ocado is looking to build up to three giant distribution centres in different parts of the country to cope with booming demand.
  • The Observer: General Motors is recalling certain Chevrolet Cruze models for possible axle fractures and more than 490,000 trucks and SUVs for potential transmission cooler line issues, the company said in a statement that was issued late on Friday.
  • Mail on Sunday: Fashion tycoon Sir Philip Green is breaking into the Indian market for the first time as part of a global push for his Arcadia Group brands, including Topshop.
  • Mail on Sunday: The growing fashion for grandmother’s favourite cure-all, Epsom salts, has helped fledging cosmetics group Westlab to clinch a distribution deal at 200 Boots stores.
  • Mail on Sunday: House prices in London have risen five times faster than rents in the capital since 2005 - adding fuel to suggestions that price rises are being driven by a speculative bubble.
  • The Sunday Telegraph: Glaxo to invest in factories and jobs for Africa; the drugmaker eyeing up sites in Ghana, Ethiopia and Rwanda for new facilities.
  • Mail on Sunday: Entrepreneurs who sell out of their companies quickly should be hit with far higher tax rates to encourage them to stick it out for the long term, according to a leading investment manager Daniel Pinto.
  • The Sunday Telegraph: Iraq's West Qurna-2 oilfield to transform oil markets as Baghdad targets daily output of 4 million barrels this year.

Share tips, comment and bids

  • Mail on Sunday (Midas share tip): Electrocomponents supplies essential parts to engineers around the world. The group should gain from economic recovery and Mason’s determination to increase the pace of sales and profits growth. Buy the shares and hold.
  • The Sunday Telegraph: B&M buys German discount retailer Jawoll; the deal marks group's first foray outside the UK, where it has built a collection of 375 stores and employs 17,000 people.
  • The Sunday Telegraph: Arriva hopes to steam into French rail system; transport giant says it has received "strong early interest" from French regional authorities on plans to trial privately run passenger services from 2016.
  • The Sunday Telegraph: Card Factory eyes summer flotation; a float would follow hot on the heels of Poundland, Pets at Home and online retailers AO and Boohoo.
  • The Sunday Telegraph: London Gateway 'could boost UK exports'; DP World's chairman Sultan bin Sulayem says the company is open to more UK investment.
  • Mail on Sunday (Comment): Energy probe won't slash your bills; the launch of a competition inquiry has been hailed as a great step by MPs from all parties. ‘At last something is being done!’ goes the cry. I beg to differ.
  • The Sunday Telegraph (Comment): Will we rue the day Osborne let pensioners splash out on luxury cars?
  • The Sunday Telegraph (Comment): Business has the power to do immense good, but it doesn't always get it right.
  • The Sunday Telegraph (Comment): Acquisitions key as dotcoms fight to secure success.

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