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View the article online at http://citywire.co.uk/wealth-manager/article/a734089

Sunday Papers: UK retailers 'consistently negative’ on Scottish independence

by Himanshu Singh on Feb 16, 2014 at 05:55

Sunday Papers: UK retailers 'consistently negative’ on Scottish independence

Top stories

  • The Sunday Telegraph: Britain's largest retailers are overwhelmingly against Scottish independence and are concerned about the impact it could have on their businesses.
  • The Sunday Telegraph: Vodafone investors to share £21 billion windfall; the $130 billion (£79.4bn) sale of a 45% stake in Verizon Wireless, the third-largest corporate deal in history, will see 133,000 UK shareholders receive an average of £3,500 each in cash and Verizon shares.
  • Mail on Sunday: Yorkshire Building Society has agreed to pay back £8.4 million to customers after the regulator found it had overcharged some struggling borrowers.
  • Mail on Sunday: Energy giants including British Gas owner Centrica could have legal grounds to appeal against regulators or competition authorities after Energy Secretary Ed Davey publicly intervened in the row over fuel bills and company profits.

Business and economics

  • The Sunday Telegraph: A number of retailers are considering IPOs in the next few weeks before the market closes in April for the Easter holidays.
  • The Sunday Telegraph: Venture capitalist Saul Klein has been appointed to the board at Mind Candy as the games maker battles against declining user numbers.
  • The Sunday Telegraph: Inflation likely to drop below 2% target for first time in four years; a stronger pound, weaker commodity prices and widespread deflation on the high street are expected to have pushed down consumer price growth to 1.9% in January.
  • The Sunday Telegraph: Analysts have warned that British Gas could turn loss-making if it is prevented from raising prices over the next three years.

Share tips, comment and bids

  • The Sunday Telegraph: Arcadia in £50 million deal with Oracle; Sir Philip Green has signed the deal with the American technology giant to revamp its digital platforms.
  • The Sunday Telegraph: Invesco boosts Euro Disney as stake grows; the American fund manager has built a 5% stake in the business.
  • Mail on Sunday (Comment): Despite confirming that 7,000 jobs in the UK will be lost this year, Antony Jenkins remains convinced that he is turning Barclays into a ‘go-to’ bank. Utter baloney.
  • Mail on Sunday (Comment): Alex Salmond's claims that sterling and Bank of England is just 'an asset' is arrant nonsense.
  • The Observer (Comment): Antony Jenkins may have tried to do the right thing at Barclays by waiving his own payout, but even the bonus-hungry City is shocked by the bankers' shameful behaviour.
  • The Sunday Telegraph (Comment): Crucially, Scotland's still extremely precarious financial services industry is viewed as UK-backed - and that means the Bank of England. The Scottish commercial banks, with their vast liabilities, and still unresolved off-balance-sheet losses, will always physically reside in Britain.

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