Here's our summary of what the Sunday papers are reporting from the world of finance and business...Read all about it: We did so you don't have toSunday TimesUK economy heads for because of a of a moribund credit market and volatile oil prices, according to a leading forecasting group.High-street's big retail guns revolt
MK Tote over rentBritain's biggest retailers have united against their landlords in an unprecedented rebellion and are calling for a radical change to the way in which they pay their rents.Shell sells wind stake to Eon and Dong EnergyThe oil giant Royal Dutch Shell has agreed to sell its stake in the ￡2.5 billion London Array, the world's largest offshore wind farm, to Eon and Dong Energy, its former partners.High-street bank HBOS faces rights issue disasterThe high-street
Michael Kors Python bank HBOS will tomorrow admit to one of the most disastrous rights issues in corporate history when it concedes that as few as 10% of its investors took up its ￡4 billion share offer.ObserverNew Equitable storm looms for Ernst & YoungAuditor Ernst & Young is
Michael Kors Bag bracing itself for the publication of a report into its conduct in the Equitable Life affair, expected at the end of this year.Shareholders urged to resist Caledonia bid to donate to ToriesA row is brewing at Caledonia Investments, where shareholders are being advised to vote against a resolution at the annual meeting to allow the company to donate ￡75,000 to the Conservative Party.IoD reveals bosses losing faith in UK plcBritian's company bosses are more pessimistic about the outlook for their businesses than at any time for more than a decade, according to a survey released today by the Institute of Directors.HBOS ￡4bn rights issue is massive flopHBOS, Britain's biggest mortgage provider, will tomorrow reveal that its ￡4bn rights issue to raise extra capital to cope with the credit crunch has been one of the biggest fund-raising flops in UK corporate history.Sunday TelegraphBP bosses block Russia dividendBP has blocked a $1.8 bn dividend payment due to be paid from its Russian joint venture in an attempt to regain the advantage in its bitter fight with its billionaire partners.HSBC edges closer
MK Wallet to Shanghai listingHSBC has held talks with China's main sovereign investment fund over a potential investment in Europe's largest bank.Topland targets Dawnay, Day assetsThe London-based $8bn property investment firm Topland has approached Dawnay, Day Group and its lender Norwich Union asking to begin talks about the beleaguered conglomerate's UK property assets Permira fishing for FindusThe owner of Captain Birdseye has made a tentative approach to buy Findus, one of
Michaels Kors Handba its biggest European rivals, in a move that would give it greater clout in the battle against soaring commodity prices.City coverage and
MK Crossbody Bag share tipsThis is Money carries breaking City news throughout the day. Bookmark Companies & Markets and try these markets links...Jump-off page to all market dataStock market risers and fallersTips from Financial Mail's Midas and other papersLatest gossip on stocks and sharesLatest FTSE 100 chartsA list of companies in the news todayBuy and sell stock market investmentsIndependent on SundayTesco throws its weight behind supermarket tsarTesco, the country's biggest supermarket, will back calls for legislation to create a supermarkets tsar, should the big 10 grocers fail to accept such authority voluntarily.Recession next year: forecaster says things can only get worseThe UK economy is heading for recession next year and unemployment could top two million by 2010. That's the gloomy prognosis from the Ernst & Young Item Club, which publishes its summer forecast tomorrow.Paris's answer to the Gherkin delayed by the downturnNicolas Sarkozy's plans to create a Parisian financial centre to rival the City of London have been hit by a year-long delay in the completion of a ?1.1bn (￡870m) iconic skyscraper.Dawnay, Day's sell-off to take up to a month to priceThe crack corporate recovery team hired on Friday to value the portfolios of Dawnay, Day's failed property companies, will take at least three weeks to establish their sale prices.
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