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 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 London council removes 'unacceptable' Stamford Hill posters telling women which side of the road to walk down
- 4 The response to my Pizza Express review has been overwhelming, and taught me a lot about journalism
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
London council removes 'unacceptable' Stamford Hill posters telling women which side of the road to walk down
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish referendum: Police struggle to control Unionist rally in Glasgow's George Square
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
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