What the Sunday Papers Said

Monday 12 November 2012 01:00

The Independent on Sunday: Rising costs put Thameslink trains deal at risk

The future of the £1.4bn deal to provide trains for the Gatwick to Luton airport Thameslink route has been thrown into doubt as costs spiral due to funding delays. Siemens, which controversially won the contract ahead of Bombardier's Derby factory last year, has struggled to secure loans for the project. These delays are expected to add tens of millions of pounds to the deal.

The Sunday Times: Investors pan Britvic tie-up with Irn-Bru

The proposed merger of the Robinsons squash maker Britvic and Irn-Bru owner AG Barr has been criticised by an influential shareholder. The deal would see Britvic shareholders owning 63 per cent of the combined group and AG Barr investors would own the balance. David Herro of Harris Associates, Britvic's eighth biggest shareholder, said that the share ratio had "not been properly explained".

The Mail on Sunday: Heathrow to demand £18bn if new hub is built

The owners of Heathrow will demand between £11bn and £18bn in compensation if the airport is forced to close due to another international hub being built elsewhere in the UK. British Airways would also seek recompense for the investment the airline has put into Heathrow. A government commission is currently looking into several options to expand airport capacity in the South-east.

The Sunday Telegraph: Lord Browne raises questions over City 'homophobia'

The former boss of BP Lord Browne has questioned why there are no openly gay chief executives at the UK's biggest companies. The peer, who would not disclose his sexuality when he ran the oil giant, said lesbian, gay, bisexual and transgender candidates for top jobs "are self-selecting away from these positions or they are not being selected for them".

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