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 Student jailed for hacking University of Birmingham computers to improve his grades
- 2 Smartphones are making children borderline autistic, says psychiatrist
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 4 Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
- 5 The most powerful passports in the world
Student jailed for hacking University of Birmingham computers to improve his grades
Smartphones are making children borderline autistic, says psychiatrist
Nepal earthquake: More than 1,100 killed across four countries and in Mount Everest avalanche
Royal baby: Live updates as the wait continues for Duchess of Cambridge's second child
Hermann Goering's daughter fails to reclaim items looted by Nazi deputy during WWII
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election
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