What The Sunday Business Papers Said

THE INDEPENDENT ON SUNDAY The Royal Bank of Scotland is taking legal advice on whether Barclays can be ejected from the Link cash machine network. The move follows Barclays' announcement that it will charge customers of other banks pounds 1 every time they use Barclays' cash dispensers.

Customers of Liffe have spurned the futures exchange's new electronic system and are persevering with the traditional open outcry method of trading. Users of the exchange say that Connect has only managed to capture about a quarter of the key short sterling market.

Goldman Sachs, the US investment bank, is about to sign the biggest letting deal in the City this year. The bank is pre-letting a 400,000 square foot building just behind Fleet Street. It will give Goldmans the biggest presence of any overseas investment bank in London, with more than 1.5 million square feet.

THE SUNDAY TELEGRAPH Philip Morris, the US food and tobacco giant that makes Marlboro cigarettes and brews Miller beer, is considering the sale of its Jacobs Suchard confectionery business for up to $10bn, a move that would trigger a wave of consolidation in the industry.

Richard Branson's Virgin Group is preparing to sell a 50 per cent stake in its cinema business to fund international expansion and the construction of some of the world's largest multiplex screen centres.Virgin has hired Deutsche Bank to find a co-investor, who would be prepared to put in up to pounds 100m.

The European competition authorities are investigating BSkyB's pounds 13.8m investment in Leeds Sporting, the company that owns Leeds United, amid concerns that the satellite broadcaster may be abusing its position in the UK market for television sports rights.

SUNDAY BUSINESS Tesco and Virgin will this week launch a full-scale retailing revolution by unveiling rival plans to invade a range of areas from books to consumer durables. Tesco will launch an online operation selling books, CDs and videos. Virgin will offer consumers direct Net access to a worldwide network of wholesalers and manufacturers.

Chevron, the American oil giant, is understood to be in talks to buy Phillips Petroleum, its smaller rival, for about pounds 10bn.

British Energy, the privatised nuclear generator, is believed to be considering a pounds 1.5bn bid for Mid-American Energy, the utility that owns Britain's Northern Electric.

A confidential report from the US Drug Enforcement Administration into Michael Ashcroft, the Tory treasurer, reveals Mr Ashroft was investigated simply because he was "acquiring significant assets in Belize".

British Aerospace is this week expected to outline plans to create the second-largest missiles group in the world, by linking with French and Italian companies to create a group with sales of about pounds 2bn.

A fierce lobbying campaign is being mounted by BAA to head off a competition review that could see it forced to dispose of Gatwick airport.

THE OBSERVER Sales of Marks & Spencer's clothing have suffered a collapse this month, despite the launch of the chain's heavily promoted autumn range, with like-for- like sales down by 20 per cent compared with last year.

Barclays Bank is set to collect up to pounds 100m a year from its new pounds 1 charge on cash-machine withdrawals by customers of other banks and building societies. The controversial charge is set to be introduced next month.

Retailers appear to have won a battle to have credit card operators investigated for excessive charges that add millions to the nation's shopping bill.

THE MAIL ON SUNDAY Don Cruickshank, heading the government review of the banking industry, is poised to ask regulators to launch an inquiry into the charges that firms such as American Express and Visa make to retailers that allow credit card payments.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Collections Agent

£14000 - £16000 per annum: Recruitment Genius: This company was established in...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...

Reach Volunteering: Trustees with Finance, Fundraising and IT skills

Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...

Day In a Page

Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones
Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

Why are we addicted to theme parks?

Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
Tourism in Iran: The country will soon be opening up again after years of isolation

Iran is opening up again to tourists

After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Transfer window: Ten things we learnt

Ten things we learnt from the transfer window

Record-breaking spending shows FFP restraint no longer applies
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent