What the Sunday papers said
Monday 14 October 2013
The Independent on Sunday: Holiday money firm Travelex set for £1bn flotation
Travelex, the world’s largest foreign-exchange specialist, is eyeing a float that would see it valued at more than £1bn. The company, owned by private equity firm Apax, is looking to join a number of major names planning to float on the London Stock Exchange, such as Merlin, the owner of the London Eye. It comes a number of months after a potential buyer for Travelex, believed to be from Asia, approached Apax.
The Sunday Times: Canadians plot £8bn raid on RBS American retail business
Royal Bank of Scotland’s US retail banking arm could be the subject of a bid from TD Bank, one of Canada’s biggest lenders. RBS is currently planning to float Citizens – which has 1,400 branches and is worth in the region of £8bn – in 2015, but potential bidders think a sale could be brought forward. Other possible suitors for Citizens are believed to include American banks US Bancorp and PNC.
The Mail on Sunday: Watchdog Ofwat set to veto Thames Water price rise
Ofwat is this week set to block Thames Water’s bid to raise the bills of customers by 8 per cent. The company wants the water watchdog to give it the go-ahead for the move, citing the cost of land purchases for its new super-sewer project in London as one reason behind the request. However, Ofwat is expected to not let Thames Water increase prices by as much as the company wants.
The Sunday Telegraph: Cut European Union red tape, business leaders tell Cameron
A number of leading business figures will this week urge David Cameron to push through cuts or changes to 30 European Union regulations. The panel, which includes the Marks & Spencer chief executive, Marc Bolland, and the head of Kingfisher, Ian Cheshire, is due to say that the changes to the level of EU red tape facing businesses could save billions of pounds.
- 1 Replica Back to the Future Hoverboard released
- 2 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 3 Brixton squat flats now costing up to £3k per month show how out of control rent is in London
- 4 Gamers confess the worst things they've done in The Sims
- 5 Dylan Moran on quitting smoking, being about as sexy as the Pope and why comedy panel programmes are 'c*ck shows'
Costa Concordia: Shipment of Mob drugs was hidden aboard cruise liner when it hit rocks off Italian coast, investigators say
Brixton squat flats now costing up to £3k per month show how out of control rent is in London
Iran nuclear talks: Prospect of deal with Iran pushes Saudi Arabia and Israel into an unlikely alliance
A new (old) cure for MRSA? Revolting recipe from the Dark Ages may be key to defeat infection
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
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