Sunday Papers: Potash plans break-up to foil Billiton bid - tips, comment and bids

The Sunday Telegraph

* Bankers to PotashCorp are working on a potential break-up plan to fend off the $38.6 billion bid from BHP Billiton.

* Malcolm Walker, the boss and founder of Iceland Foods, has offered £1 billion to buy back the budget supermarket chain that he founded and which was seized by its lenders last year.

* Taxpayers could end up owning an increased interest in the British retail giant House of Fraser after the store asked Lloyds Banking Group to increase its shareholding in the group as part of a complex property deal.

Comments

* Meetings of multi-national organisations are rarely about anything other than symbolic gestures. There are too many conflicting interests to allow for effective decision making.

* Energy giants face Mr Negawatts' challenge.

* The gloves are off, QE is now seen as an aggressive depreciation tool.

* Why I'm with Warren Buffett on bonds versus equities.

* Ofcom faces a slimmer future - among all the stories of quango culls and cuts, Ofcom has yet to show its hand.

Business Club

* For HCL chief executive Vineet Nayar success means employees first, customers second.