The Independent on Sunday: BAE closures 'put security of Falklands in peril'
Shutting BAE Systems' shipyard in Portsmouth will hit the security of the Falkland Islands, an unlikely coalition of rightwing MPs and union leaders has warned. They think the security of the islands could be compromised by closing operations in Portsmouth. The defence giant seems certain to confirm the closure early in the new year, costing up to 1,500 jobs in the area.
The Mail on Sunday: Revenue says Ingenious scheme is about tax avoidance not films
Ingenious Media, whose £8bn film investment plans have attracted wealthy celebrity investors, has been told by Revenue & Customs that its schemes are designed to avoid tax rather than promote films. Patrick McKenna, who runs Ingenious, last week denied accusations by Margaret Hodge, head of the Public Accounts Committee, that his investment schemes amounted to tax-dodging.
The Sunday Times: Rolls-Royce accused of paying $20m to dictator's son
The Serious Fraud Office is looking into allegations that the British engine maker Rolls Royce paid a $20m bribe to Tommy Suharto, son of the former president of Indonesia, to win a giant contract in Asia. The aerospace giant also allegedly gave a Rolls-Royce to Mr Suharto. In return, it is claimed, he persuaded the Indonesian airline Garuda to buy engines.
The Sunday Telegraph: Diageo plots move on US rival Jim Beam
Drinks giant Diageo has held talks with the Japanese brewer Suntory about buying the bourbon whiskey producer Beam for more than $10bn (£6.2bn). Diageo held the discussions with Suntory in the spring. Diageo, the world's largest whisky distiller, is interested only in a limited range of brands, including Jim Beam. Working with a partner could ease competition issues.