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The Financial Times
The Serious Fraud Office has launched an investigation into insurance company Quindell over “business and accounting practices”, with KPMG also facing an inquiry by the accountancy watchdog for its work as the company’s auditor
Departure deals blow to modernisation drive and is second big loss in week
(It might affect Government plans to cut costs by moving services online)
Companies and Markets
Explorer defeated by crude price fall, governance abuses and a mountain of debt
Investors expecting to retrieve any value from their holdings in Afren, the scandal-hit oil explorer that entered administration last week, are likely to be sorely disappointed
Pound will register any change in rate rise expectations from the BoE’s first bumper release
Factors that support the price are about to be stripped away before production cuts are felt
Dairy farmers are planning to blockade Morrisons’ distribution centres tonight in an escalating row over the low price they are paid for milk.
Ministers will launch a new assault on trade unions today by making it harder for teachers, nurses and BBC staff to continue paying their subscriptions.
BP plans to pour an extra £670 million into ageing oilfields in the North Sea.
Activity in Britain’s services sector slipped last month and hiring slowed, raising questions about the pace of the recovery.
The sector, which includes banks, restaurants and retailers, accounts for three quarters of Britain’s output and has been the economy’s engine of growth.
Local councils could use new powers to relax Sunday trade laws to “pick off” retailers they don’t like and promote certain streets and developments to the detriment of others, a leading retail lobby group has claimed.
The Daily Telegraph
Churches have defiantly hit back against government pressure to relax Sunday trading laws, insisting it is a as much about protecting Sunday league football or the family Sunday lunch as religious services
The Daily Mail
(A woman driving four-times the drink-drive limit drove the wrong way up a one-way street damaging four parked cars, before flipping her own)