A to 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:

Sunday Times

Abbey National

Spain's Banco Santander Central Hispano intends to increase Abbey National‘s network of 740 branches if it succeeds in acquiring Britain‘s sixth-biggest bank.

British Airways

The British Airways chief executive Rod Eddington faces a grilling from board members this week, after directors failed to approve a rescue plan for the company at an all-day meeting on Friday.

Media

Two of Britain‘s largest radio groups are in advanced merger talks. If successfully completed, the deal would bring together Capital‘s 95.8 Capital FM, Century and Xfm stations with GWR‘s Classic FM and London News Radio

Tesco

Britain‘s largest supermarket chain has raised the prices on hundreds of best-selling products - in a week when it boasted that it was slashing prices by £30m.

Sunday Telegraph

Barclays

The UK banking giant is being sued by HSH Nordbank over losses the German regional bank alleges it made by investing in sophisticated bonds.

British Energy

Private shareholders in British Energy could be drawn into a £2bn lawsuit if they back plans by Polygon to block a restructuring of the nuclear power company.

BT Group

BT is to go head-to-head with BSkyB in the pay television markets by launching its own digital set-top box in conjunction with Freeview.

Marks & Spencer

Marks & Spencer is launching a record-breaking offer to buy company shares below the 400p per share level at which Philip Green, the retail billionaire, attempted to buy the company.

Observer

Abbey National

The Financial Services Authority is to probe the planned takeover of Abbey National by Santander, Spain's largest bank.

Oil

Aminex, the British oil minnow listed on the Dublin stock market, is set to announce a major coup in the fiercely competitive global exploration business - a deal to develop oil-producing territory in North Korea.

The Shell chief executive has accepted that the beleaguered oil company must overhaul its complicated structure and introduce a single board.

Publishing

Reed Elsevier is in discussion with internet search engine Google about a possible revenue-sharing agreement.

Independent on Sunday

Advertising

The boss of the American advertising group, Grey Global, which was taken over last week by Sir Martin Sorrell's WPP will receive almost £18m 'compensation' for keeping his job.

Airlines

BMI, the airline chaired by Sir Michael Bishop, has accused its regulator of a 'dereliction of duty' over the decision to allow an increase in charges at Heathrow airport.

Railways

Alistair Darling, the Transport Secretary, is considering plans to set up a new Railways Agency just two months after he promised to simplify the railways with the abolition of the Strategic Rail Authority (SRA).

Royal Mail

Managers at Royal Mail are warning that the postal service could descend into chaos over Christmas, as the state-owned company gets to grips with its radical overhaul.

The Business

British Airways

BA directors in the firing line for the chaos that engulfed the airline last month will find out their fate this week after the airline's board has had time to consult other managers on changes to its operations.

Cable & Wireless

C&W's new strategy of reinventing itself as a broadband service provider has come under attack from City institutions, saying the plans 'fail to excite'.

Inflation

Chancellor Gordon Brown's decision to adopt a European measure of inflation last year is starting to damage the UK economy, leading economists warn.

US economy

American consumers will be hit by another quarter point rise in interest rates on Tuesday.

Sunday Express

Retailing

Sir Peter Davis, former chairman of J Sainsbury, is to retire from corporate life after winning a payoff worth more than £3m from the struggling supermarket group.

Royal Mail

The Royal Mail's financial crisis that led to it missing performance targets and slashing thousand of jobs was a result of management incompetence, according to a source close to regulator Postcomm.

Whitbread

The leisure giant is considering a disposal of High Street restaurant assets including TGI Friday and Pizza hut as part of a strategic review.

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