What the Sunday papers said

INDEPENDENT ON SUNDAY: Iran to sue Britain over Shah’s missing tanks

Iran is suing a firm owned by the Ministry of Defence over an order for tanks paid for but not delivered before the 1979 revolution. The Shah of Iran ordered 1,750 tanks from International Military Services for £650m but only 185 were delivered. Sanctions meant the compensation was not paid.

SUNDAY TIMES: Low-cost retailer B&M to join stock market

The discounter B&M Retail is to join the stock market at an estimated value of £2bn. B&M is chaired by the ex-Tesco boss Sir Terry Leahy and mostly owned by the US private equity firm Clayton, Dubillier and Rice. The tycoons Simon and Bobby Arora sold most of their 60 per cent to CDR for £900m.

MAIL ON SUNDAY: Ed Balls’ trader brother awarded £4.5m bonus

Shadow Chancellor Ed Balls’ brother has been paid a City bonus of about £4.5m. Andrew Balls is a senior executive at Pimco, the bond trading giant, and was made deputy chief investment officer last month. Accounts show he was one of seven Pimco directors to share a bonus pot of £57m in 2012.

SUNDAY TELEGRAPH: Ocado in hunt for third UK distribution centre

The online retailer Ocado is to begin seeking a third distribution centre in the UK following its successful launch acting as a third-party supplier to Morrisons. Tim Steiner, co-founder and chief executive, will confirm the hunt this week when it reports annual results. A new centre could cost £200m.