A to Z of the Sunday newspapers

By This Is Money
Updated: 10:08 EDT, 15 August 2010

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

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FINANCIAL MAIL ON SUNDAY

M&S overhaul
New chief plans a major overhaul of its 'confusing' fashion labels - and styles for women over 40 are tipped to go.

Henderson / Gartmore
Henderson boss Andrew Formica is expected this week to deny rumours that the asset management house wants to pounce on stricken rival Gartmore.

BP disaster
BP has declared itself not guilty of gross negligence over the Gulf of Mexico oil rig disaster after an internal inquiry.

BT faces defeat in Sky football battle
BT is facing a humiliating defeat in its battle with BSkyB to win Premier League football viewers, as only 60,000 households sign up.

SUNDAY TIMES

RBS set for Liverpool FC takeover
Royal Bank of Scotland, the taxpayer-backed bank, is preparing to take control of Liverpool FC as the search for a buyer peters out. Frantic negotiations last week wit hseveral suitors, including China's Kenny Huang and the Syrian businessman Yahya Kirdi, proved fruitless.

Saga and AA hit by £529m loss
The company behind two of Britain's best-loved firms has racked up record losses thanks to the huge debts loaded onto it by its private equity owners. Saga and the AA bot hslumped into the red last year despite a big jump in sales.

General Electric to open UK bank
General Electric, the giant US conglomerate, is working on plans to set up a British internet bank. Executives at GE Capital, the group's financial arm, hope to launch the venture in the next 18 months.

Europe vs Wall St on bonuses
The world's biggest banks are embroile din a row over attempts to clamp down on City bonuses, with a split emerging between US and European institutions.

SUNDAY TELEGRAPH

UK property value growth slows
Growth in UK commercial property values slowed last month as economic uncertainty proved a drag on the market. According to IPD, the index provider, capital values rose 0.2pc, down from a rise of 0.5pc in June.

Cairn shareholders set for £1bn windfall
Shareholders in Cairn Energy are in line for a windfall of at least £1bn, with the oil explorer close to completing a £5bn deal to sell its giant Indian oil fields to Vedanta Resources. The Greenland explorer may confirm the move to sell a 51pc stake to London-listed Vedanta as early as today, after last-minute talks throughout the day yesterday.

UK suffers from bonuses hardline
British banks have claimed they are being put at a serious disadvantage as they try to compete with international rivals because the UK has "gold-plated" international pay guidelines – enforcing extra harsh restrictions on bonuses.

Disposable income 'set to fall'
Household disposable incomes will fall in the run-up to Christmas as income growth fails to match inflation. Households' average available weekly cash – after essential goods such as bills and food have been accounted for – will be £171 in September, a 4pc decline on last year, according to the Centre for Economics and Business Research (CEBR). It will be £170 in October, £171 in November and £172 in December.

THE OBSERVER

NatWest Three
They became poster boys for City fraud when they confessed to stealing $7.3m in an Enron-related fraud. But the convicted British bankers once dubbed the "NatWest Three" are now recanting their guilty pleas, claiming that they were extracted under duress by a flawed American justice system.

Travel operators brace for the worst
Last week, another British tour operator – Sun4U – collapsed and the industry's two biggest firms, Thomas Cook and Tui, warned of an alarming dip in trade. It looks a fair bet that the next few years could see several smaller British tour operators go the way of XL, Globespan, Goldtrail and Sun4U.

Greg Dyke rejects approach over top job at Five
The new owner of Channel 5, Richard Desmond, is understood to have sounded out former BBC director general Greg Dyke about running the station following the departure of Dawn Airey.

INDEPENDENT ON SUNDAY

Tchenguiz backed fund to be wound up
A housing investment fund backed by the high-profile property entrepreneur Vincent Tchenguiz is to be liquidated as the property downturn continues to take its toll.

ROK to make 160 workers redundant
Listed construction group Rok is set to make more than 150 people redundant as a result of financial problems at the England division of its plumbing, heating and electrical business.

Goldtrail travel boss back
The sole director of bust travel company Goldtrail has returned to the UK to face its administrator.