The Independent on Sunday: Crackdown planned on £5bn private hospital sector
Private hospital operators are set to be banned from providing financial incentives to doctors who refer patients to their facilities, as the Competition Commission looks to crack open the £5bn market. A delayed inquiry report into private hospitals, which are dominated by five operators, is finally due to come out next month and is expected to take a hard line with the industry.
The Sunday Times: Wall Street vulture funds home in on Co-op Bank
Two Wall Street vulture funds have seized control of the Co-operative Bank’s finances, raising fears that a £1.5bn rescue plan for the lender could be derailed. Aurelius Capital Management and Silver Point Capital have amassed a controlling stake in one set of the bank’s loans, giving them a powerful voice in the bailout negotiations aiming to raise £500m from bondholders by forcing them to absorb losses.
The Mail on Sunday: Next chief attacks supermarkets over plan for online sales tax
Lord Wolfson, chief executive of the fashion chain Next, has attacked a call by supermarket chiefs for a tax on online shopping, saying it would drive up prices and wipe out some of Britain’s fastest-growing small firms. He said supermarkets wanted to avoid facing proper competition. Online retailers such as Ocado are preparing to write to the Chancellor urging him to ignore the supermarkets’ calls.
The Sunday Telegraph: CBI president calls for quick action on more airport runways
Sir Mike Rake, president of the CBI employers’ body, has said that building a third runway at Heathrow is a “no-brainer” and that the Government should get on with increasing aviation capacity straight away. Sir Mike, who is also chairman of BT, said politicians had spent too long talking about new runways but had failed to take any decisions.