What The Sunday Papers Said
Monday 05 November 2012
The Independent on Sunday: Go Compare founder eyes a sale with £500m tag
The founder of Go Compare, the price comparison website, has appointed financial advisers to look at selling the business, which could be valued at £500m. Hayley Parsons launched the website in 2006, and the self-confessed "Welsh girl from the valleys" is looking at her options ahead of stock market flotation of motor insurer Esure which holds a 49 per cent stake in Go Compare.
Lloyds to raise £1bn by selling off stake in St James's Place
Lloyds Banking Group plans to raise £1bn through a sale of its 60 per cent stake in wealth management group St James's Place. It could place the stake with other investors as early as the end of this year. The sell-off could improve the bank's chances of being permitted to restart dividend payments which have so far been blocked by the Financial Services Authority.
US backers of collapsed Comet may pick up millions
The US backers of Comet, which went into administration last week threatening more than 6,000 jobs, could still walk away with millions of pounds. OpCapita. which bought Comet for £2 just over a year ago, is reported to be keeping the warranties business, Triptych. Said to have contributed £30m in profits in 2011, it has not been put into administration alongside the stores and online business.
New rules will force banks to raise more fresh capital
British banks will be forced to raise tens of billions of fresh capital under new accounting rules set to be announced early next year. The banks, which have already raised more than £100 billion to strengthen their balance sheets as a result of the financial crisis, will be told to provide more cash against loans on which they expect to make losses.
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
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