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Business News

What the Sunday papers said

Independent on Sunday: Aviva faces new investor row at annual meeting

Aviva's revamped management team faces a stormy reception at its annual meeting this week with shareholders likely to demand a reversal in the insurer's fortunes. After last year's shareholder revolt, in which almost 60 per cent of investors failed to back executive pay packages, Aviva will be targeted over its flagging shares.

Mail on Sunday: Qataris in secret talks to snap up House of Fraser

House of Fraser, the department store chain, could be taken over by the Qataris in a £300m-plus deal that would reunite it with Harrods. The Qataris, who bought Harrods in 2010, have been looking at an acquisition of the 63-strong chain for several weeks, according to sources in the City.

Sunday Times: Former Xstrata boss Davis raises cash for comeback

Mick Davis, the mining boss who quit Xstrata last week after it was bought by Glencore, has hired Goldman Sachs to raise money to create a new resources giant. He has drafted in the US bank to raise a multi-billion-dollar fund to buy mines that are set to be cast off in an industry shake-up.

Sunday Telegraph: Multinational firms in rush to relocate in low-tax UK

More than 40 multinational companies have inquired about relocating their headquarters to the UK because of the Government's cuts in corporation tax. Steve Varley, the UK chairman of Ernst & Young, revealed that the accountancy firm knew of a significant number of firms seeking to relocate.