Independent on Sunday: Top adviser was director of failed jet company
EADS UK’s chief executive, Robin Southwell, a close adviser to the Government, was director of a private jets company, Corporate Jets Services, which went bust owing £113m to HBOS bank. He and fellow directors were sold the collapsed company for what was described as a “knockdown price”. He denies wrongdoing.
The Sunday Times: Bank set to signal earlier interest rate rises
The Bank of England’s quarterly Inflation Report, released on Wednesday, is expected to signal that interest rate rises could start before the general election. It is also likely to lift growth forecasts for this year to 3.5 per cent or higher, from the 3.4 per cent predicted three months ago, due to acceleration over the spring.
The Sunday Telegraph: Carphone and Dixons poised to announce deal
Carphone Warehouse is set to announce its £3.6bn merger with Dixons Retail on Thursday. It will be effectively structured as a deal in which Carphone buys Dixons, although both firms’ shares are valued at about £1.8bn. Carphone’s founder, Sir Charles Dunstone, will be chairman; Dixons’ chief, Seb James, will be CEO.
The Mail on Sunday: Investors to rebel over Centrica and ITV bonuses
Bosses at ITV and Centrica, the owner of British Gas, are to face shareholder revolts over their huge bonuses at their AGMs this week. The investor Royal London has condemned ITV chief executive Adam Crozier’s £8.3m, while Chris Weston, British Gas boss, will face the wrath of investors today over his £401,000 bonus.