Sunday Papers: M&S considers European relaunch - other news

The Sunday Times

* Marks & Spencer considers European relaunch and calls in headhunters to find new bosses for international, online and homeware divisions; the company has approached El Corte Inglés in Spain and Galeries Lafayette in France about buying back some stores.

* City analysts expect BP to report a $4.6 billion operating profit for the three months to September, before another multi-billion-dollar charge to cover the clean-up and liabilities from the Gulf of Mexico oil spill.

* Eurotunnel is tipped to win £2 billion high-speed railway route as the coalition accelerates sale of state-owned assets.

* Kurt Geiger will more than double its number of outlets in the next five years, taking the total to 50; the designer shoe brand is expanding into Russia, Turkey and Malaysia.

* Aviva announces a £200m cost-cutting plan this week as part of an investor charm offensive.

* CIC Mining Resources will this week list on London’s Aim junior stock market; Canaccord Genuity is handling the float, which will value CIC at less than £20 million.

* Creditors of Metro-Goldwyn-Mayer have agreed to swap their debt for equity and bring in executives from Spyglass Entertainment to take over the running of the company.

* A consortium backed by Rolls-Royce and Morgan Stanley is to build the world’s biggest marine power project off the north coast of Scotland; the 400 megawatt scheme will produce enough power for 400,000 homes from tidal turbines installed on the sea bed.

The Sunday Telegraph

* Crown Currency boss, Peter Benstead, was convicted of theft in 1980 and given a two-year suspended sentence, it has emerged.

* Betfair has warned that it could join the exodus of digital gaming companies from the UK if the Government does not act to level an "uneven playing field".