The Independent on Sunday: Icahn denies insider trading accusations
The US billionaire Carl Icahn has denied insider trading after reportedly being investigated for an alleged scam involving the golfer Phil Mickelson and gambler Billy Walters. The FBI was said to be inquiring whether they traded shares illegally based on information from Mr Icahn. Mr Mickelson said he was not under investigation.
Sunday Times: Eurozone bank chief to pump in billions
Mario Draghi, president of the European Central Bank, will pump billions into the eurozone economy this week with negative deposit rates and an initiative to buy up packages of small business loans to encourage banks to lend. The ECB is battling low inflation and stuttering growth.
Sunday Telegraph: Better protection urged against foreign floats
Institutional investors are demanding more protection from sub-standard foreign companies floating in London with tighter listing rules from regulators. The Association of British Insurers, concerned over the treatment of minority shareholders in recent foreign floats, wants better safeguards.
Mail on Sunday: House of Fraser and Tesco agree tie-up
The supermarket Tesco will sell 2,000 House of Fraser products through its website after a deal with the department store. House of Fraser will benefit from Tesco’s customer base while the grocer extends its reach into premium products. The department store was bought by the Chinese giant Sanpower for £480m in April.