Independent on Sunday : Government moves against nuisance calls
The Government will clamp down on millions of nuisance phone calls and text messages with no win, no fee law firms trying to recover mis-sold payment protection insurance the first target. A change to the law will be unveiled this month by digital minister Ed Vaizey. It should be in place before the next election.
Sunday Times: Tesco turmoil grows as key executive quits
Tesco has been rocked by the resignation of company secretary Jonathan Lloyd, who was responsible for advising the board on legal and governance issues. He is the latest departure after a £250m black hole was found in the supermarket giant’s profits. Mr Lloyd is believed to be joining another listed company.
Sunday Telegraph: Surprise Asian bid for Addison Lee taxis
Addison Lee, the UK’s biggest minicab operator, is the target of a surprise bid by Singaporean taxi company SMRT. Addison Lee has been put up for sale by US private equity firm Carlyle, which is looking to cash out 18 months after buying the firm. There are believed to be several suitors lining up.
Mail on sunday: Saudi Prince rides to rescue of Euro Disney
Saudi billionaire Prince Alwaleed is to join a £330m rescue of Euro Disney. Disneyland Paris also secured extra funding from the Walt Disney Company, having some of its crippling debt written off. Prince Alwaleed is already a 10 per cent shareholder in the theme park.