What the Sunday Papers said
Monday 09 September 2013
The Independent on Sunday: Wetherspoon workers to share £22m bonus bonanza
Cut-price pubs chain JD Wetherspoon is to hand out £22m in bonuses to its staff, many of whom work on zero hour contracts. The average payout to the chain’s 30,000 employees will be £1,000. This year’s profits, which will be announced on Friday, are forecast by City analysts to hit a record £76m.
The Sunday Times: Zoopla may join the rush to float with a £1bn price tag
Property website Zoopla is considering floating in London with a valuation of more than £1bn. The move could be part of a £40bn bonanza of floats being lined up by the City. Others are estate agent Foxtons, Merlin, the entertainment group, and department stores chain House of Fraser.
The Mail on Sunday: John Lewis sales poised to fly past Marks & Spencer
John Lewis Partnership is set to overtake Marks & Spencer as Britain’s favourite retailer. First-half sales, to be revealed on Thursday, are expected to have grown by about 8 per cent to £4.2bn. Sales growth since the end of July is said to be have been even stronger. John Lewis also includes supermarket chain Waitrose.
The Sunday Telegraph: Veto for gas storage subsidy ‘could cost consumers £1bn’
Consumers could be up to £1bn worse off because of ministers’ decision not to subsidise new gas storage facilities in the UK. Energy minister Michael Fallon claimed he had saved “bill-payers around £750m over 10 years”. But consultancy Redpoint said the net benefit of subsidies would be about £1bn.
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