• Wednesday newspaper round-up: Deloitte, RBS, News Corp.

  Wednesday 19 Jun 2013

  A report by a cross-party group of MPs and peers believes senior bankers should face jail and lose bonuses if they are involved in a future banking collapse, The Telegraph reported. The government has been urged to introduce a new criminal offence for senior staff who run banks in a “reckless manner" along with stricter rules that could see managers being stripped of several years’ worth of pay.

• Tuesday newspaper round-up: Liberty, Co-op Bank, Severn Trent

  Tuesday 18 Jun 2013

  Liberty Global has entered the bidding for Kabel Deutschland, the Financial Times reported. The media group, controlled by John Malone, has put in a potential offer that would top a price tabled by Vodafone last week and value Germany’s largest cable operator at about 7.5bn euros. People familiar with the talks told the newspaper that Liberty Global made an indicative offer to KDG at about 85 euros per share.

• Monday newspaper round-up: Co-op Bank, Lloyds, Platform...

  Monday 17 Jun 2013

  The Independent says that the Co-op Bank will this week announce plans to fill a 1.5bn-pound hole in its finances. The rescue, brokered with the Bank of England's Prudential Regulatory Authority, will see 5,000 investors take a haircut on money they lent to the bank.

• Sunday newspaper round-up: RBS, Co-op bank, easyJet

  Sunday 16 Jun 2013

  Foreign-owned bank branches - as opposed to subsidiaries - in Britain made the country’s financial crisis worse, as they moved to shrink their loan books by almost half at the height of the credit crunch, according to Bank of England research, The FT Weekend reports. The other factors which explain the implosion seen in bank credit were the higher proportion of lending to businesses, a greater reliance on the more fickle forms of funding and to an extent the role played by Icelandic banks´ branches. As an aside, several Chinese banks recently complained that they were prevented from opening UK branches.

• Friday newspaper round-up: RBS, Polymetal, Apple...

  Friday 14 Jun 2013

  According to The Scotsman, Sainsbury's Chief Executive Officer (CEO) Justin King is among the names being thrown into the hat of potential recruits for the CEO role at RBS, "although a candidate from within the financial services sector remains most likely to replace Stephen Hester". The paper also names Tesco Bank boss Benny Heggins and Lloyds Deputy Chairman David Roberts as possible candidates.

• Thursday newspaper round-up: Stephen Hester, Ofgem, Centrica...

  Thursday 13 Jun 2013

  The Independent says that the news of Stephen Hester's departure from RBS "perplexed" many in the City last night after his work that nursed the bank back to health, with several describing his treatment as "shabby". The bank said that it was looking for a new leader ahead of its re-privatisation.

• Wednesday newspaper round-up: Lloyds, Afren, BoE...

  Wednesday 12 Jun 2013

  After The Times' undercover investigation found that Lloyds was mis-handling complaints about PPI mis-selling, the Financial Conduct Authority has asked the paper to hand over information for a report that is to be published this summer.

• Tuesday newspaper round-up: Lloyds, Glencore, G4S...

  Tuesday 11 Jun 2013

  An investigation by The Times into Lloyds has shown that contractors at its largest PPI complaint handling unit were "taught how to play the system to the detriment of clients". They allegedly were told to fake PPI information on loan agreements and "turn a blind eye to the risk of fraud", the paper says.

• Monday newspaper round-up: Severn Trent, Japanese growth, BAE...

  Monday 10 Jun 2013

  The international consortium bidding for Severn Trent could walk away from the deal following a number of rejections by the utility group over recent weeks, The Times says, citing sources close to the matter. “If the Severn Trent board does not engage, no further proposals will be made," sources told the paper.

• Sunday newspaper round-up: ARM Holdings, Lloyds, Bonds

  Sunday 09 Jun 2013

  The main threat to ARM Holdings may turn out to be ‘home-grown.’ Imagination Technologies, the British designer of graphics and video microchips for gadgets such as the iPhone is gearing up for a foray into ARM´s main market, making the processors that go into smartphones and other devices. Hence the recent acquisition of US outfit MIPS Technologies, whose architecture, it claims, has advantages over ARM´s. Crucially, MIPS microchips are supported by Google´s Android operating system, which accounts for around 70 per cent of smartphone sales and is making its way into televisions, cars and other devices, according to The Sunday Telegraph.

• Friday newspaper round-up: Apple, G4S, M&S...

  Friday 07 Jun 2013

  The Guardian says that tech giant Apple has been accused of securing preferential terms from mobile operators wanting to offer the iPhone in an attempt to squeeze out competition from rival brands, according to one of the company's former senior executives.

• Thursday newspaper round-up: Man Group, Sainsbury, IMF...

  Thursday 06 Jun 2013

  Falling bond values over the past few weeks hit Man Group hard, according to The Times, which says that the hedge-fund manager "had been badly wrongfooted by the bond-market collapse". Shares tanked by 17 per cent yesterday after the firm said that its flagship AHL Diversified fund had suffered an 11 per cent loss over the last month, amounting to losses of nearly 1.2bn pounds.

• Wednesday newspaper round-up: Apple, HSBC, Home Retail...

  Wednesday 05 Jun 2013

  Financial Times reports that tech giant Apple is facing an import ban in the US on certain models of its iPhone 4 and iPad 2 (as well as some older devices) after the International Trade Commission said that the devices infringed Samsung's patents.

• Tuesday newspaper round-up: Co-op Bank, N Brown, Lonmin...

  Tuesday 04 Jun 2013

  According to The Times, The Co-operative Bank filled a big hole in its balance sheet with 900m pounds of cheap funding from the Bank of England in March through its Funding for Lending Scheme. "The same month it decided to stop offering corporate loans to new customers in recognition of the scale of the problems it faced," the paper says.

• Monday newspaper round-up: ENRC, Vodafone, AB Foods...

  Monday 03 Jun 2013

  The Times cites an internal review at mining group ENRC which recommended the firm to dismiss 20 of its senior staff for fraud and discipline more than 60. "The alleged wrongdoing at the FTSE 100 miner included employees using company money to buy a guesthouse, a farming business and a horse farm, according to a leaked document," the paper says.

• Sunday newspaper round-up: Co-op, home prices, copper

  Sunday 02 Jun 2013

  The Co-operative is weighing measures designed to bolster the capital levels at its banking subsidiary which may impose losses on the unit’s junior bondholders. The deficit in regulatory capital at its banking division has been estimated by Barclays analysts at between 800m pounds and 1.8bn pounds. That follows on reports, also in the Financial Times, that some councils have begun to cut their exposure to the lender.

• Friday newspaper round-up: Smiths Group, Amazon, Consumer confidence...

  Friday 31 May 2013

  Engineering giant Smiths Group is in talks to sell its medical unit for at least two billion pounds, according to the Financial Times which cited people close to the matter. The discussions come after an approach by potential buyers including US healthcare group CareFusion.

• Thursday newspaper round-up: Capita, Google, Mark Carney...

  Thursday 30 May 2013

  The Telegraph says that outsourcing group Capita has secretly planned to shut down two O2 call centres and cut up to 1,200 jobs as part of the big deal it signed with the network provider last week.

• Wednesday newspaper round-up: Darty, UK banks, German banks...

  Wednesday 29 May 2013

  Electricals retailer Darty could slash jobs in an effort to cut costs in its core French region as it copes with a weaker economy, The Independent reports.

• Tuesday newspaper round-up: RBS, Fiat, The Co-op...

  Tuesday 28 May 2013

  The Telegraph says that RBS is preparing its restructuring boss Nathan Bostock for the Chief Executive Officer (CEO) role as part of the company's long-term plans to replace Stephen Hester.

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