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.
- 1 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 2 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
- 5 Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Ashya King missing: Police hunt five-year-old boy with brain tumour snatched from Southampton hospital by his parents
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Papua New Guinea Mount Tavurvur volcano eruption sees international flights diverted
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
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