What the Sunday Papers said
Monday 26 March 2012
Independent on Sunday: Co-op mulls sell-offs as profits slide
The Co-operative Group is considering plans to jettison some of its smaller businesses in the latest shake-up of the mutually owned business, which will post a sharp fall in annual profits this week. The move comes as fears grow over the group's bid to acquire 632 branches from Lloyds Banking Group. This is the latest headache for Co-op which has slashed jobs this year.
Sunday Times: BA eyes rescue deal for American Airlines
The company that owns British Airways is examining plans to buy a stake in American Airlines to stopthe carrier falling into the hands of a rival such asDelta. International Airlines Group (IAG) is close to appointing an adviser following a round of meetings with investment banks about the future of American Airlines, which is in bankruptcy protection.
Mail on Sunday: Wilkinson in the rac efor Robert Dyas
The discount chain Wilkinson has launched a bid for the high street ironmonger to electricals retailer Robert Dyas. The family-owned household goods specialist is one of four bidders left in the battle. It is facing competition from two other unknown trade buyers and one private equity firm. Robert Dyas is expected to fetch £25m – about the level of its debts. Wilkinson is owned by its founding family.
Sunday Telegraph: Pru leak: the FSA is 'ludicrous'
The Prudential is facing serious questions over its attitude towards the Financial Services Authority after a leaked email from one of the insurance company's executives described the regulator's policy as ludicrous. The email also said Prudential should up its lobbying efforts to change "ill-judged" regulations. The FSA is overseeing a probe into Prudential's failed bid for AIA.
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