What the Sunday Papers said...
Monday 21 May 2012
Independent on Sunday: UK warned of credit downgrade
The UK will lose its triple-A credit rating next year as a result of the recession and euro crisis, according to the Legal & General bond fund manager Richard Hodges. "The question isn't will the UK be downgraded, but when," he said. "The ratings agencies haven't moved partly because they have bigger fish to fry. But as this crisis plays out it is inevitable they will downgrade the UK, by 2013 at the latest."
Sunday Times: Battle for control at Punch pubs
Britain's biggest pub operator has opened talks with its lenders over a controversial plan to give them control of the company in return for writing off millions in debt. Punch Taverns, which owns 5,000 pubs, is struggling under a £2.3bn debt pile built up during an ambitious expansion drive. The shares have slumped to 8p from a high of £13.97 just five years ago.
The Mail on Sunday: Hollywood blockbuster reprieve for BSkyB
A U-turn by the Competition Commission has lifted a threat to have BSkyB's grip on the pay-TV film market declared anti-competitive. In a report due as early as this week, the watchdog is expected to say that rivals such as Lovefilm and Netflix are undermining Sky's dominance and reducing the need to impose restrictions. The Commission provisionally found that Sky unfairly dominated the market.
The Sunday Telegraph: Prudential to name Manduca as chairman
Prudential is to name Paul Manduca as its new chairman following a five-month search to replace the departing Harvey McGrath. Mr Manduca, the former chief executive of Rothschild Asset Management, has been chosen by the FTSE 100 insurer's board after a lengthy search of candidates. The Financial Services Authority is in the process of vetting his credentials and experience.
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- 4 Frankie Boyle on Scottish independence: 'In the Interests of Unity, F**k Off'
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Italian police 'reveal' what Jesus looked like as a young boy
Florida couple forced to register as sex offenders for having sex on public beach
Mysterious 'X-Files' sounds heard miles above the Earth
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian with near-naked ensemble
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
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