What the Sunday papers said
Monday 30 December 2013
Independent on Sunday: IT firms lose billions after NSA scandal
American technology firms have lost billions of dollars of business from Asia in the wake of the National Security Agency scandal. Financial filings from IBM and Cisco reveal the two have seen sales slump by more than $1.7bn (£1.03bn) year-on-year in the key Asia-Pacific region as governments and businesses shun American IT firms.
Sunday Times: Camelot hides boss’s £2m pay package
The boss of National Lottery operator Camelot took home more than £2m last year. Dianne Thompson’s pay is not revealed in Camelot’s main accounts but a separate entity, “Camelot Business Solutions”, names a “shadow” director who was paid £2.1m in the year to last March. Camelot said Thompson’s pay included the first part of a 2009 bonus.
Sunday Telegraph: SFO plots further charges over Libor
David Green, director general of the Serious Fraud Office, said he expects further charges against British bankers and traders over the Libor-rigging scandal. Mr Green added that around a fifth of the SFO’s 300 staff is engaged in an “enormous” investigation into interest rate manipulation.
The Mail on Sunday: Profits to slump as shops pay price for discounts
Profits at Britain’s leading retailers are set to slump after bosses slashed prices over Christmas to try and attract shoppers. That will have hit their profit margins. City analysts predict Marks & Spencer will post its worst profit figures for five years after launching unprecedented pre-Christmas sales.
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