LONDON, Oct 13 (Reuters) - British newspapers reported thefollowing business stories on Sunday:
The Sunday Times
CANADIANS PLOT 8 BLN STG RAID ON RBS ARM
One of Canada's biggest banks is considering anopportunistic swoop on Royal Bank of Scotland's Americanretail banking business. Toronto-Dominion Bank has longcoveted Citizens, which is worth about 8 billion pounds ($12.8billion).
UK GOVERNMENT THREATENS SERCO
Serco Group faces a six-week deadline to improve itsperformance and demonstrate "change and corporate renewal" orrisk losing three big government contracts, including its 285million pound ($454 million) prisoner escort contract.
GREEN LIGHT FOR GIANT NUCLEAR SUBSIDIES
Britain's coalition government is poised to unveil alandmark deal to underwrite construction of the UK's first newatomic power station for two decades. The agreement willguarantee tens of billions of pounds in subsidies over decadesfor EDF, the French nuclear monopoly, and China GeneralNuclear (CGN), Beijing's state-owned giant.
The Sunday Telegraph
CUT EU RED TAPE, CAMERON TOLD
The European Union should cut or amend 30 pieces of red tapein a bid to ease regulation on British business, a panel ofleading businessmen, including Marks & Spencer ChiefExecutive Marc Bolland and former Diageo CEO Paul Walsh,will warn Prime Minister David Cameron this week.
BT IN FOOTBALL FOR "LONG TERM'
BT Group will take part in the next round of biddingfor Premier League broadcasting rights, said non-executivedirector Tony Ball, heralding it as a "long-term project". Healso said there would be logic in 21st Century Fox bidding for the 61 percent of BSkyB it does not own.
COMET OWNER TO RECOUP 117 MLN STG FROM RETAILER'S COLLAPSE
Almost 117 million pounds is to be returned to HenryJackson's OpCapita and its backers from the demise of electricalretailer Comet, according to new documents.
CO-OP BANK INVESTORS WANT SAY ON BOARD SEATS
Investors are pushing the Co-operative Group to hand them asay in the appointment of independent directors to the mutual'sbanking arm.
MORRISONS EYES BIRMINGHAM FOR ONLINE TRIAL
Supermarket group Wm Morrison is consideringlaunching its new online grocery service in Birmingham. Thecompany intends to launch the service through a tie-up withOcado but so far the initial location has remainedunder wraps.
INVESTEC OFFSHORE UNIT SALE NEARS
Investec, the Anglo-South African investment bank,is in late-stage talks to sell its 4 billion pound offshoreinvestment trust administration business to boutique merchantbank Salamanca.
The Independent on Sunday
TRAVELEX SET FOR 1 BLN STG FLOTATION
Apax-owned Travelex has joined the rush for alisting on the buoyant London Stock Exchange, as the world'sbiggest foreign-exchange specialist eyes a 2014 share sale thatwould value the business at more than 1 billion pounds.
Mail on Sunday
WH SMITH SORRY OVER GRAPHIC E-BOOK SALES
WH Smith issues apology after sales of sexuallygraphic e-books are revealed by newspaper.
- Investment & Company Information
- Serco Group
- Royal Bank of Scotland