Sunday Papers: Dana Petroleum agrees to meet KNOC over £1.7bn deal - bid news and gossip

The Sunday Telegraph

* The board of Dana Petroleum has capitulated to shareholder demands and agreed to meet representatives of Korean National Oil Company next week to discuss £1.7bn deal.

* New rules should be introduced that would increase the cost of capital for companies with controversial environmental and human rights records, according to Aviva investors.

* American outdoor advertising giant Clear Channel will act as a promoter of Formula One in a bid to re-ignite interest in the motor sport in the US after years of setbacks.

The Observer

* Claridge's owner, Maybourne Hotels Group, said to be in final stages of talks that would give US investors a £200m stake in the firm; Maybourne is putting the finishing touches to a £600m restructuring.

* CBI warns that private sector can't sustain economic recovery if banks refuse to invest.

* Leading Square Mile financiers label coalition's immigration cap 'a disaster'; coalition proposals to limit the number of non-EU citizens UK firms can employ have angered City bosses.

The Independent on Sunday

* St Martins Property Corporation, the property arm of the State of Kuwait, has kick-started plans to sell nearly £1bn of property across Europe, including five large regional shopping centres in the UK.

Mail on Sunday

* Ladbrokes will this week unveil a radical initiative for employees in its betting shops to act as call centre workers during quiet times, in a plan to maximise the efficiency of its staff.