The Independent on Sunday: Argos owner may axe dividend after sales dip
Argos owner Home Retail Group could cut or scrap its final dividend after it announces a dire set of fourth-quarter sales figures this week, expected to reveal that underlying sales in the three months to 25 February fell by 7.4 per cent. Analysts forecast that full-year profits for the retailer, which also owns Homebase, could be as much as 60 per cent down on last year at £99m.
The Sunday Times: GKN set to buy Swedish aerospace company
GKN is in talks to buy Sweden's largest aerospace company from Volvo in a deal worth £800m, which would be the largest takeover by a UK engineer since the banking crisis. GKN has also put its wheels business, which services heavy plant and construction vehicles, up for sale at £130m. The private equity groups Carlyle and Nordic Capital may also bid for Volvo's aerospace arm.
The Mail on Sunday: Too few women on FTSE boards, report to reveal
The number of women directors on FTSE 100 boards is still well under the Government's target of 25 per cent, a Cranfield University study will reveal this week. In the past year the proportion of women in the big boardrooms has risen from 12.5 per cent to just 15 per cent. The report will also reveal that the proportion of women executive directors actually fell to 6.1 per cent in FTSE 100 companies.
The Sunday Telegraph: Branson criticises block on Heathrow expansion
Sir Richard Branson has said the UK could lose up to £5bn of extra investment from Virgin Atlantic if ministers continue to block expansion at Heathrow. He is now focusing expansion on America and Australia. "The Heathrow decision was purely political and incredibly damaging," said Sir Richard. "Heathrow came to a grinding halt five years ago and we have not been able to offer any new flights out of there."