What the Sunday papers said
Monday 18 February 2013
The Independent on Sunday: Big Four's grip on audit market to be smashed open
The Competition Commission is set to crack the stranglehold PricewaterhouseCoopers, Ernst & Young, KPMG and Deloitte have on auditing listed British companies. It is believed that inquiry chairman Laura Carstensen could recommend a form of "mandatory rotation", which would see companies forced to axe an auditor after a set number of years. The Big Four audit more than 95 per cent of FTSE 350 accounts.
The Sunday Times: Death insurer eyes £1bn stock exchange flotation
A UK insurer offering high-cost insurance to people whose life expectancy has been cut by illness is looking to sell shares in London this summer. Sources said Partnership Alliance's owner, private-equity group Cinven, has appointed Morgan Stanley and Bank of America Merrill Lynch to lead a listing that could be worth around £1bn. Partnership Alliance cost Cinven just £160m in 2008.
The Mail on Sunday: Britain's AAA credit rating under threat
The UK's much-prized perfect credit rating will come under fierce scrutiny this week, as the national deficit still proves to be out of control. Official figures on Thursday are expected to show the deficit running £10bn over the Government's target. All the major credit rating agencies have put the UK on "negative outlook", so any more disappointing numbers could force them to make a downgrade.
The Sunday Telegraph: Tesco boss tells Cameron to help Indian expansion
The Prime Minister has been asked by Tesco chief executive Philip Clarke to press his opposite number in India to help overseas firms invest there. David Cameron is on a three-day trade mission to India to improve ties between it and Britain. Mr Clarke wants to launch branches under the Tesco brand in India with its rapidly growing economy, but the law only allows joint ventures with local partners..
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
The magicians using online collaboration to push boundaries
lifeIt takes year-long dedication to get Selfridges ready for 25 December. And they're already working on plans for 2015...
Jennifer Lawrence attacks mass media again over body image
Jennifer Lawrence: 'It should be illegal to call someone fat on TV'
Sun will 'flip upside down' within weeks, says Nasa
Ian Watkins: Police probed over earlier allegations as paedophile Lostprophets singer sentenced to 35 years for child sex offences
DNA from a 50,000 year old toe shows Neanderthals were highly inbred
Devyani Khobragade: India-US row escalates over arrest of diplomat in New York
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Ian Watkins: Police probed over earlier allegations as paedophile Lostprophets singer sentenced to 35 years for child sex offences
- 4 Christmas comes early: Justin Bieber 'retiring from music'
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
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