What The Sunday Papers Said

Click to follow
The Independent Online

The Independent on Sunday: BP to review dividend after Gulf spill deal

BP is set to accelerate the restoration of its famous dividend policy after announcing a $7.8bn settlement with 100,000 fishermen, clean-up workers and even casino owners over the Deepwater Horizon disaster. A spokesman said: "We would expect to have a progressive dividend policy, in line with the improving circumstances of the firm."

The Sunday Times: Glencore chief heads for a $109m payday

Ivan Glasenberg, the boss of Glencore, will this week rocket into the ranks of the world's top-earning executives when he pockets a $109m (£69m) dividend from the Swiss commodities trader. The firm is expected to report pre-tax profits of about £2.7 billion. The figures will be closely watched by the market as Glasenberg is trying to convince investors to back a controversial £55 billion merger with Xstrata.

The Mail on Sunday: Cable in new mission over threat to Vauxhall

Business Secretary Vince Cable has unexpectedly decided to fly to Geneva to plead with General Motors executives not to axe Vauxhall's giant plant in Ellesmere Port, where the Astra is built. He is expected to outline the financial benefits that the Government could deliver if the American car giant made a long-term commitment to the UK. GM's European losses last year mounted to £471 million.

The Sunday Telegraph: PM is urged to support Heathrow extension

Nearly 70 British business leaders and groups representing hundreds of others have demanded that the debate about building a third runway at Heathrow is reopened after the Government ruled out the option before the last general election. In an open letter, the business leaders said that the present limits on Heathrow expansion are a barrier to growth. The letter was also signed by union leaders and small businesses.