The Office for National Statistics is set to confirm the economy did not contract at the start of 2012 when it puts out growth data this week. The Q1 revision, up from a 0.1 per cent fall, would put three months of flat growth between two quarters of decline in 2011-2012, meaning the UK did not technically fall back in to recession last year.
The Sunday Times: Nationwide to issue £1bn bonds to plug hole
The Nationwide building society is planning to raise £1bn-£1.5bn by selling bonds over the summer to strengthen its balance sheet. The move comes after regulators last week ruled banks needed to hit a 3 per cent leverage ratio, of equity against loans, earlier than expected. Nationwide's leverage ratio is just 2 per cent.
The Sunday Telegraph: Starbucks pays tax in the UK for the first time since 2008
Starbucks will confirm it has paid tax in the UK for the first time since 2008 in its results this week. The coffee chain is set to make an annual UK loss of £30.4m. It, however, has promised to pay an extra £20m in tax over the next five years after criticism over measures it has used that limit its tax liability.
The Observer: Bangladesh disaster prompts safety drive by retailers
A number of Western retailers are providing funds to regulate their clothing suppliers in Bangladesh in the aftermath of the Rana Plaza factory disaster, which killed more than 1,000. Retailers such as M&S, Primark and H&M are co-operating and paying for more rigorous factory inspections.Reuse content