What The Sunday Papers Said
Monday 11 November 2013
The Independent on Sunday: HS2 chief out to keep train operators on board
The former chairman of Eurostar, Richard Brown, is trying to woo train operators to back the heavily-criticised High Speed Two railway project. Their support is vital for the Government to convince the public that HS2 will be of huge economic benefit to the UK, particularly when it links northern cities like Leeds and Manchester.
The Sunday Times: Co-op axes dividend to its 7 million members
The Co-op is to scrap the dividend paid to its 7 million members and put businesses up for sale to relieve a cash crunch caused by the near collapse of its bank. The giant mutual is to cut the £100m payout as part of a wide-ranging review that will include increased scrutiny of its donations to the Labour Party.
The Mail on Sunday: Food giant forces small suppliers to pay £5,000
Britain’s largest food manufacturer has been slammed for demanding small firms pay £5,000 to remain on its list of prospective suppliers.
Premier Foods has debts of £890m – more than double its stock market value of £360m – and its brands include Oxo, Sharwood’s and Ambrosia.
The Sunday Telegraph: Vodafone to spend £1bn upgrading UK network
Vodafone is to increase its capital investment across the UK to more than £1bn as it seeks to boost capacity of its London mobile network. As part of the first proceeds from its landmark $130bn (£81bn) sale of its stake in Verizon Wireless, the FTSE 100 telecoms giant will commit £150m to transform its London network.
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