What the Sunday papers said
Monday 23 January 2012
The Independent on Sunday: 99p Stores family mulls sale with a £60m tag
The family behind budget retail chain 99p Stores is considering a sale that would value it at up to £60m. Electra Partners is thought to be the front-runner to acquire the chain, which has almost 150 shops and sells every item at 99p The Lalani family, which founded the business in 2001, is mulling whether to grant exclusivity to one bidder after hiring DC Advisory Partners to explore a sale last year.
The Sunday Times: BAE may pull the plug on Portsmouth dockyard
BAE Systems is considering closing Portsmouth dockyard in a move that would threaten up to 3,000 jobs and end more than 500 years of naval shipbuilding in the city. It follows a report in the Independent on Sunday last week that BAE has appointed LEK Consulting to examine the future of its shipbuilding operations.
The Mail on Sunday: Reed loses tax battle over temps' expenses
Recruitment giant Reed has lost a £158m battle with HM Revenue & Customs over paying for its temps' lunches and daily commute. The staffing firm made payments to 500,000 temporary staff from 1998 to 2006. They could receive up to £6 a day for food and up to £11.45 a day for commuting. A tax tribunal ruled against Reed's claim that the payments were part of a salary sacrifice scheme.
The Sunday Telegraph: Stelios to clash with easyJet board over pay
Sir Stelios Haji-Ioannou, the founder and largest shareholder of easyJet, is to vote against the airline's remuneration report at its annual general meeting in a move that will put him on a collision course with the board. The entrepreneur, who controls a 37 per cent stake in the low-cost carrier, is concerned at executive pay levels in the company.
- 1 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 2 Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
- 3 Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
Woman opens professional cuddling shop – gets 10,000 customers in first week
Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Revealed: How the world gets rich – from privatising British public services
Rochester aftermath: Sacking of Emily Thornberry will make work of Labour MPs '10 times harder'
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