What the Sunday Papers said…

Independent on Sunday: Decline and write-down of a coach empire

FTSE 100 giant 3i has written down its investment in Shearings, the Wigan-based tour operator it bought for £100m in 2005, near the height of the market. The private equity group took the hit on the firm which organises coach trips to Blackpool after failing to find new investors.

The Sunday Times: Lloyds chief in line for £4m bonus

The chief executive of Lloyds, Antonio Horta-Osorio, is on track for a £4.4m bonus this year, despite a forecast loss at the taxpayer-backed lender. The bank's share price has doubled in the past 12 months, which could help trigger the payout and reignite the row over bankers' pay.