What the Sunday papers said...
Monday 13 August 2012
The Independent on Sunday: Government explores reforms of visa regime
Proposals are under consideration to simplify and shorten visa applications to bring the UK into line with other European countries and capitalise on the successful 2012 Olympics. Ideas include sharing application centres with other EU nations, translating forms and introducing a risk-based approach.
The Sunday Times: Bosses at Berkeley Group in line for £280m payments
The housing construction firm is putting into place a nine-year incentive scheme which will see bosses given 19.6m shares if they achieve targets of distributing £1.7bn in cash to shareholders by 2021. That sum is equal to the company's entire present market capitalisation.
The Mail on Sunday: Virgin Rail set to lose West Coast rail franchise
Sir Richard Branson's Virgin Rail has been outbid for the West Coast franchise, which it has held since 1998, by FirstGroup. The rival operator is believed to have bid between £6.5bn and £7bn for the 14-year contract, around 20 per cent more than Virgin. The Department of Transport is expected to announce the winner tomorrow.
The Sunday Telegraph: Canadian pension funds shun UK infrastructure bonds
The Coalition's plans to persuade foreign pension funds to invest in UK infrastructure debt have been dealt a blow after Canadian funds branded the bonds too risky. "[Our] strategy is to invest in projects that do not carry construction risks" said the head of the CPP Investment Board.
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