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Sunday Papers: City bonuses jump 25% to £10b - other news

And more than £20bn of defence contracts face the axe as the MoD attempts to stem a £35bn deficit.

The Sunday Telegraph

* City bonuses jumped by 25% to £10bn in the latest pay round, according to figures from the Office for National Statistics, despite Government efforts to rein back bankers' pay in the aftermath of the financial crisis.

* More than £20bn of defence contracts structured as private finance initiatives face the axe as the MoD attempts to stem a £35bn deficit.

* BP has been hit by the first personal injury lawsuit which claims that its "toxic" chemicals in the Gulf of Mexico are causing health problems - a move that could lead to a new slew of litigation against the company.

* InterContinental Hotels Group will this week welcome the return of the business traveller as it unveils a steep rise in profits.

* Eric Daniels on HBOS: "We did the country a great service..."

* Fifty communities trying to save their local pubs from closure have been dealt a major blow after the Government scrapped a multi-million pound grant to help fund their plans.

The Observer

* Apple opens biggest store to date in Covent Garden.


The Independent on Sunday

* John Lovering, the chairman of Harvester and the All Bar One pubs giant Mitchells & Butlers, has privately vowed to investors that he will resolve the group's divisive share ownership structure.

* Euro banks to lead Liverpool One £500m refinancing deal.

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1 comment so far. Why not have your say?

helpmeboab

Aug 08, 2010 at 14:32

Screwing bp started from the top with oBAMa and will go all the way to the bottom.

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