What The Sunday Papers Said

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The Independent Online

The Independent on Sunday: National Grid risks strike to cut pension deficit

Union leaders have accused National Grid of "North Korean-style sabre-rattling" as the operator of Britain's biggest electricity and gas transmission networks risks industrial action to tackle a £1bn pension deficit. National Grid started informal briefings with the GMB union last week arguing that more than 5,600 workers might see the terms of their lucrative final-salary pension schemes changed.

The Sunday Time: Raid by US hedge fund puts Invensys on bid alert

Invensys is braced for a fresh takeover bid after a raid on its shares by the American activist hedge fund Value Act Capital. It has built a stake of just over 8 per cent and is now the second-biggest shareholder in Invensys, one of Britain's few remaining large engineering firms. City sources said Emerson Electric, a US rival, and France's Schneider Electric were likely bidders.

The Sunday Telegraph: Lloyds chief plots a path back to dividends

The chief executive of Lloyds Banking Group has opened the door to a return to the dividend list as he prepares to reveal the bank's net lending to UK businesses has increased for the first time since the global credit crisis. Antonio Horta-Osorio raised the prospect of a dividend – which would be the first since the height of the financial crisis in late 2008—as he set out the bank's strong position on lending.