The Independent on Sunday: Industry set to plumb the depths
British manufacturing could soon sink to levels that have not been seen since the depths of the financial crisis, leading economists warned. December figures from the Purchasing Managers' Index (PMI) are expected to paint a bleak picture when they are released tomorrow. Investec economist Philip Shaw thinks the index could fall as low as 45, which would be the worst reading for the sector since early 2009.
The Sunday Times: £27m in the bag for hedge fund founder
A London-based hedge fund that makes money betting on the European sovereign debt markets has paid its founder a £27m dividend in one of the biggest windfalls of the year. Yan Huo, 43, boss of Capula Investment Management, banked the payment as part of a £92m bonus pool. Another hedge fund boss, Sanjay Shah of Solo Capital, paid himself £19m.
The Mail on Sunday: Car exports to roar to highest in history
Britain's revitalised motor manufacturing sector will soon be exporting more cars than at any time in its history. Car exports soared by 19 per cent to an expected 1.11 million in 2011, within a whisker of the 1.19 million record that was set in 2007. New investment from Nissan, Toyota and BMW suggest that 2012 will surpass that figure. The trio are foreign-owned but have significant production plants in Britain.
The Sunday Telegraph: Standard Chartered boss sounds Eurozone alert
The chief executive of Asia-focused bank Standard Chartered warned there was an increasing likelihood of a country falling out of the Eurozone because of the inability of politicians to resolve the crisis. Peter Sands said that any break-up of the single currency would have dire consequences for the global economy because it would be difficult to judge how the contagion would unravel.Reuse content