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.
- 1 Benedict Cumberbatch says Hollywood is better for black British actors: 'I think as far as coloured actors go it gets really difficult in the UK'
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
US blames Russia after rocket attacks in Ukraine kill at least 30
Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
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