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.
Look beyond the usual shows for the best festive telly
Geoffrey Macnab does not like the comedian's big screen debut
The battle for control of Stieg Larsson's £30m legacy
French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
David Cameron takes his biggest gamble yet as he gets tough on Europe over immigration
Two PAs cleared of fraud - and Nigella Lawson left reeling at 'ridiculous sideshow' of drug allegations and public dissection of her marriage to Charles Saatchi
Burglar steals video tapes of child abuse, hands them into police
Paul Walker's daughter Meadow attends Justin Bieber Believe premiere
- 1 Tim Sherwood challenges Daniel Levy to set out vision for Tottenham Hotspur’s future
- 2 French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 #Teamnigella: It’s the only side to be on
- 5 Christmas comes early: Justin Bieber is 'retiring from music'
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