What the Sunday papers said
Monday 02 December 2013
The Independent on Sunday: Water watchdog spends £20m on consultants
The much-criticised water regulator has been accused of costing bill-payers nearly £20m after hiring consultants at the same time that it was pressuring utilities to reduce their prices. Ofwat is said to be badly under-resourced and has asked a team led by the accountancy firm PricewaterhouseCoopers to assess the business plans of the water companies for 2015-20.
The Mail on Sunday: Co-op Bank bondholders back hedge fund move
The Co-operative Bank cleared the last major hurdle on its £1.5bn rescue plan on Friday as bondholders voted to allow hedge funds to take major stakes in the new group. The bank was close to being taken over by regulators earlier this year after suffering huge losses on commercial property loans and from its abortive bid to take over 632 branches of Lloyds.
The Sunday Times: Scandal-hit RBS to pay out £500m in bonuses
Royal Bank of Scotland is expected to pay its bankers an estimated £500m in bonuses this year, in spite of the string of scandals engulfing the taxpayer-backed lender. Although the bank is forecast to rack up losses of several billion pounds, bonuses will still be paid. The estimates come amid renewed concerns over the amount of pay and bonuses bankers receive.
The Sunday Telegraph: Barclays poised for fracking in Yorkshire
Barclays Bank is backing the search for shale gas in Yorkshire and could fund fracking in the area as early as next year. Third Energy, which is 97 per cent-owned by Barclays Natural Resource Investments, a private equity arm of the bank, took shale rock samples while drilling in Kirby Misperton, Ryedale, this summer and is now analysing their potential for development.
Wellcome Image Awards: The most striking images from the world of science, including breast cancer cells under chemical attack and a photographer’s own kidney stone
Missing Malaysia Airlines plane: 'All passengers' under investigation, police say
Bob Crow death: 'Admired by his members, feared by employers' - Tributes pour in for RMT union leader and 'working class hero' Bob Crow
Oscar Pistorius murder trial: Athlete repeatedly sick as court hears 'graphic details' of Reeva Steenkamp's post-mortem
How climate change helped Genghis Khan: Scientists believe a sudden period of warmer weather allowed the Mongols to invade with such success
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
The quiet diplomat: Catherine Ashton - recognised and admired in all the world’s troubled countries, yet ridiculed at home
- 2 Family forced to flee home after discovering 'terrifying' nest of spiders in bananas
- 3 Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
- 4 Russell Crowe's Noah banned in three Arab countries before worldwide premiere
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