What the Sunday papers said...
Monday 28 May 2012
The Independent on Sunday: Goldman Sachs looks at billionaire's oil break-up
The US investment bank is considering breaking up the $2bn (£1.3bn) sale of the Swedish oil group owned by the Saudi billionaire Mohammed al-Amoudi. It is understood that most potential bidders for Svenska Petroleum Exploration's assets are not interested in the whole group.
The Sunday Times: Giant bonus for new Apple recruit
John Browett, the former boss of PC World and Currys, is set to receive a £36m golden hello from Apple for taking control of the US firm's retail arm. The share award will be paid out over five years. The 48-year-old will receive the award regardless of how Apple performs, so long as he remains at the company.
The Mail on Sunday: Iceland chief leaves a £40m pension shortfall
A food and drink distribution company bought by Iceland tycoon Malcolm Walker has a £40m pension fund hole that will have to be taken on by the Pension Protection Fund. Administrators for DBC Foodservice said last week that it had left creditors £92m out of pocket. This includes a £40m shortfall in the staff pension fund.
The Sunday Telegraph: Jaguar Land Rover set to report record profits
The luxury car maker is expected to post profits of between £1.5bn and £1.6bn for the year to March, up from £1.1bn last year. The increase is because of surging demand for its cars in Asia The results are expected to shows that China is now a bigger market for the car maker than the UK.
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