A-Z of the Sunday newspapers

13 April 2012

THIS Is Money reads the Sunday papers so you don't have to. Here is this week's run-down of who is making the headlines on the City pages:

The Observer

BAE Systems

New chairman Dick Olver has ordered a root-and-branch review of the controversial UK defence giant that could pave the way for a significant restructuring of the group.

Channel 4

The Government is preparing to appoint a City bank to carry out a valuation of Channel 4 following informal talks between Treasury officials and several institutions. It‘s a sign the the state-owned broadcaster could be privatised.

Eurotunnel

Dame Pauline Neville-Jones, a former head of the Joint Intelligence Committee and former managing director of NatWest Markets, has emerged as the frontrunner to become chairman of the British arm of Eurotunnel.

Sainsbury‘s

The troubled supermarket group faces a £10 billion takeover bid by American private equity groups if new management cannot lift the firm's fortunes within three months.

The Sunday Telegraph

ABN Amro

A split capital investment trust salesman at ABN Amro has been suspended by the bank pending an internal investigation into the sales process.

Jarvis

Network Rail has expressed surprise that Jarvis had been forced to write off as much as £26m on rail maintenance contracts.

Network Rail

Tom Winsor, who quit as rail regulator on Friday, has issued a warning that the interests of banks that have lent Network Rail some £13bn could be damaged by the imminent shake-up of the rail industry.

The Sunday Times

Economy

Gordon Brown will break his ?golden rule‘ on public borrowing this year, according to independent economists who say taxes should rise or Government spending will be reined back.

Gambling

Luke Johnson, the entrepreneur and chairman of Channel 4 has bought a chain of bingo clubs in a bid to take advantage of a shake up in Britain‘s gambling laws.

Insurance

Clive Cowdery, the insurance entrepreneur, is in a race against time to raise £500m from wealthy individuals in order to clinch the £928m acquisition of the closed UK life business that has been put up for sale by Royal & Sun Alliance.

Vedanta

The board of the London-listed mining company is to ask the chairman, Brian Gilbertson, to explain the huge secret remuneration package he is negotiating to help to steer a proposed £2 billion flotation of Sual, a Russian mining group.

The Independent on Sunday

Sainsbury‘s

Shareholders are planning to urge Sainsbury‘s new chairman, Philip Hampton to make sweeping changes to the board of the supermarket chain.

Sunday Express

EasyJet

The airline‘s founder, Stelios Haji-Ioannou, is working on a £650m plan to take the company private – to be financed by selling the family's stake in the Stelmar shipping business or teaming up with the a private equity firm.

The Business

BBC

Mark Thompson, the new director general of the BBC is considering selling the corporation‘s commercial arm, BBC Worldwide for up to £1bn.

Drugs

GlaxoSmithKline, Aventis and Merck and Wyeth are among drugs companies whose bottom lines could be hit by revised US accountancy rules on stockpiled vaccines.

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