What the Sunday Papers said...
Monday 07 May 2012
Independent on Sunday: Pay and eco protesters head back to the City
The City is braced for another round of shareholder revolts this week, with Trinity Mirror, ITV and Centrica all among the big-name stock market quoted companies likely to see their agendas hijacked by angry investors. The week of protests will follow the ousting of Trinity Mirror's chief executive, Sly Bailey, and the near-60 per cent protest vote on Aviva boss Andrew Moss's pay package.
The Sunday Times: Ferrovial set to buy street cleaning firm for £500m
Ferrovial, the Spanish owner of Heathrow airport, is in advanced talks to buy Britain's biggest street cleaning company, Enterprise, for £500m. The plan is to merge Enterprise's operations with those of its Amey services division. Enterprise, owned by the private equity firm 3i, has more than 13,000 staff and is the biggest provider of cleaning services to councils and utilities.
The Mail on Sunday: Footballers score with tax-avoiding investment
The Manchester United footballers Wayne Rooney and Ryan Giggs are reportedly putting money into a business that lets them to avoid taxes by investing in redeveloping derelict property. However, unlike film investment partnerships, used by some wealthy individuals to avoid taxes, Waverton Property claims it is a project that carries genuine commercial risk and therefore justifies its tax breaks.
The Sunday Telegraph: Pru seeks City HQ after threats to move abroad
The Prudential is seeking new premises for its London headquarters in a sign of its commitment to the UK despite recent threats to move to Hong Kong.The Pru has hired the estate agency Savills to find a 60,000 sq ft office and is looking at the new Shard, Heron Tower and Walbrook Building. The Pru is currently based near Cannon Street station on Laurence Poutney Hill.
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