Independent on Sunday: Ofwat chairman in hot water over outside job
Britain’s top water regulator has been drawn into a conflict-of-interest row after taking an outside job with a $2bn (£1.2bn) New York fund looking to invest in European utilities. Jonson Cox, Ofwat chairman for a year, agreed to join the former UN secretary general Boutros Boutros-Ghali as an adviser to I Squared Capital earlier this month.
The Mail on Sunday: Watchdog to quiz phone chiefs on customer service
Mobile phone bosses are to be hauled before the regulator to be questioned over claims customer service – including the coverage provided by mobile signals – is getting worse. The move follows an Ofcom investigation into the network coverage provided by the major phone companies.
The Sunday Times: Saga and AA staff in line for £600m float windfall
About 6,000 employees of Saga and the AA will share a windfall of up to £600m when the over-50s group goes ahead with an expected £3bn float in the next two years. The workers hold about 22 per cent of the company, the biggest beneficiary being Andrew Goodsell, chief executive of parent company Acromas.
The Sunday Telegraph: Poundland gets share listing plans under way
Discount retailer Poundland has begun the process to float on the stock market in the early part of 2014 with a valuation of up to £800m. The chain, which is owned by private equity group Warburg Pincus, is this week expected to send out letters of engagement to advisers including Credit Suisse and JP Morgan.