What the Sunday papers said
Monday 15 October 2012
Independent on Sunday: New watchdog aims to curb finance companies' profits
The incoming financial services regulator will punish insurers and banks that make "excessive" profits, according to a report due out this week detailing its powers and structure. The Financial Conduct Authority, one of the two watchdogs that will replace the Financial Services Authority next year, will have a powerful role ensuring that there is suitable competition and will "follow the money".
The Sunday Times: Watchdogs to lash Google over competion and privacy
Google faces legal action from American and European regulators over alleged breaches of competition and privacy laws. America's Federal Trade Commission is considering suing the Silicon Valley giant for stifling competition on the internet by manipulating search rankings to favour its own products. In Europe, a regulatory probe is said to have found that Google rode roughshod over privacy laws.
The Mail on Sunday: I'm backing UK factories, vows Arcadia boss Sir Philip Green
Sir Philip Green, billionaire owner of Topshop and BhS, is ramping up his use of British manufacturers, stoking hopes of a revival of the UK clothing industry. Green said he was giving more work to British suppliers and cutting his dependency on overseas manufacturing centres such as China, where costs are rising. Green's Arcadia has already increased the number of British factories it uses.
The Sunday Telegraph: Prudential drops plans to move its headquarters from London
Insurance giant Prudential looks set to keep its headquarters in London despite suggestions that it could move to Asia amid concerns about European capital requirements. The Pru is understood to be winding down work related to a domicile change after signals that the European Union's potentially damaging Solvency II legislation could be delayed until 2016.
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
Terror at Woolwich barracks: Attacker tried to behead and disembowel British soldier
Anonymity order lifted for triple child killer David McGreavy jailed in 1973
World news in pictures
Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
- 1 Terror at Woolwich barracks: Attacker tried to behead and disembowel British soldier
- 2 Mothers' diets may harm IQs in two-thirds of babies
- 3 Gay couple beaten in park urge MPs to moderate language on gay marriage
- 4 After woman sells virginity for $780,000, here are the results of our prostitution survey
- 5 Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
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