A to Z of the Sunday newspapers

 

Our summary of what the business papers are reporting from the financial world this week...

Pile of newspapers

Financial Mail on Sunday

Predators in wings as ITV chaos erupts
Predators were circling ITV last night after the broadcaster was left rudderless when it failed to appoint a chief executive.

IMF set to put squeeze on Britain
Britain faces a rough ride at the economic summit that opens in Istanbul this week, with threats to its status and its freedom of action in international bodies.

Fine for BAE Systems could hit £1bn
The Serious Fraud Office has discussed fines of up to £1bn for defence and aerospace giant BAE Systems, which has until midnight on Wednesday to plead guilty to bribery charges.

Ronnie 'not linked to SFO probe'
A lawyer representing former JJB Sports chief Chris Ronnie last night insisted he is not linked to a Serious Fraud Office investigation into JJB and Sports Direct.

Observer

Kraft ready to offer £11bn for Cadbury
Kraft Foods is poised to launch a hostile bid for Cadbury valuing the British confectionery business at around £11bn.

Hermès pays £75m for Asprey's Bond Street store
Hermès, the luxury French fashion house, has exchanged contracts to buy the Bond Street shop that Asprey occupies for £75m and is thought to have ambitions to acquire the struggling historic jewellery business.

Former Tomkins chief launches campaign to seize Lupus
Greg Hutchings one of the early symbols of executive excess, will today launch a website for disgruntled shareholders of Lupus Capital as part of a campaign to win support for yet another City comeback..

Sunday Times

Oleg Deripaska in $30bn Hong Kong flotation
Directors of Rusal, the aluminium giant controlled by Russian oligarch Oleg Deripaska, are this week expected to approve a flotation valuing it at $30 billion.

Sir Crispin Davis and Sir Michael Bishop lead race to head ITV
The board of ITV has this weekend begun urgent talks with Sir Crispin Davis, the former boss of Reed Elsevier, and Sir Michael Bishop, the airline entrepreneur who chaired Channel 4, in an attempt to accelerate the appointment of a new chairman at the crisis-ridden broadcaster..

Alistair Darling acts on bank bonuses
The chairmen of the remuneration committees of Britain's big four banks have been summoned to a secret meeting with Alistair Darling, the chancellor, this week.

Sunday Telegraph

Sterling slides after BoE chief Mervyn King backs a weak pound
Sterling fell to its weakest against the euro in more than 5½ months, pressured after Bank of England Governor Mervyn King said a weak domestic currency was helping to rebalance the nation's economy.

Jaguar Land Rover to close British plant
Jaguar Land Rover is to close one of its British plants in changes outlined to workers.

Bank calls unprecedented meeting of economists
The Bank of England has summoned the City's leading economists to an unprecedented meeting in Threadneedle Street, as the pound plunges amid growing confusion over its radical Quantitative Easing (QE) polic.

Sunday Independent

Tories back in business with £18m war chest
Conservative Party fundraisers have raised nearly half of the £18m needed for the election "fighting" fund after a big upsurge of support from businessmen and City financiers.

Anger as Ball bounced from ITV
ITV shareholders are furious over the way the TV company has handled talks with Tony Ball while the former BSkyB boss denies that talks about him becoming the broadcaster's new chief executive broke-down because of a row over pay.

G20 promises: 'Overhyped and ineffective'
Promises of a new era of international co-operation to end economic imbalances, monitored by the G20 and the International Monetary Fund, were overhyped by the leaders of the industrialised nations, according to the Nobel prize-winning economist Joseph Stiglitz.

FSA seeks new power to regulate buy-to-let mortgages
Buy-to-let mortgages could be regulated for the first time along with second charges secured on homes under proposals to be published next month by the Financial Services Authority..