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In the papers: Barclays to sell on data from savers

The Times 

Vodafone has blockbuster German cable deal lined up: Vodafone is set to land one of the biggest deals in the telecoms industry since the height of the technology boom. It has agreed to acquire Germany’s biggest cable company for more than £8.5 billion and is expected to announce the deal, pitched at €7.7 billion, or €87 a share, this morning. 

Levene claims Lloyds turned blind eye to Co-op failings: The Chairman of Lloyds Banking Group ignored warnings that the decision to sell 632 branches to the Co-operative Bank had “a high risk of failing”, it was claimed. 

Tills ring to tune of Thailand’s eager shoppers: Spending by Thai visitors to Britain which means, by and large, London rose by almost 70% in the first five months of the year compared with the same period last year, almost twice as fast as the 39% growth in spending by the Chinese, according to the consultancy Global Blue. 

Regus sets sights on the world’s highest offices: Regus is expected to confirm this week that it has opened for business in Kathmandu. Its business centre will provide flexible office space in the Trade Tower in the Nepalese capital. 

Miner’s takeover promises Quantum leap of $500 million: The Kazakh miner ENRC could be forced to make an immediate $500 million payment to a rival if its directors accept a takeover offer being tabled, The Times has learnt. 

The Independent 

Co-operatives’ turnover soars to £37 billion as record 15 million join: Co-operative businesses have reached an all-time high with a record 15.4 million members, an increase of 36% since 2008 and up 13.6% over the year. 

Belgians lead the race to bag crisp maker Tyrrells: A Belgian private-equity firm with links to the Anheuser-Busch InBev beer empire has emerged as a front-runner to acquire Tyrrells, the upmarket crisp maker, for £100 million. 

Debenhams to post sales rise amid tough times: The department store chain Debenhams will this week warn that the fashion sector has endured tough early summer trading, although it is still expected to have grown sales. 

Accountancy giants hit back over auditing ‘dominance’: The Big Four accountants have heavily criticised the Competition Commission following the regulator’s call for tough measures to open a market that sees KPMG, Deloitte, PricewaterhouseCoopers and Ernst & Young run the books of more than 95% of the FTSE 350. . 

The Daily Telegraph 

Barclays to sell on data from savers and track mobile phones: Barclays Bank is to start selling data on its millions of current and savings account customers to other companies for the first time. 

Nationwide in dispute with regulator over black hole: Nationwide is expected to raise around £500 million of new capital in the next few weeks as part of efforts to fill a hole identified by the regulator. 

Starbucks confirms it has paid first corporation tax since 2008: The U.S. Company said it has paid HM Revenue & Customs (HMRC) £5 million for the first six months of the year, with another £5 million to come for the second half, as it had pledged previously. 

Stagecoach Boss cashes in on Sunseeker sale: Sir Brian Souter may be better known for building a bus and rail empire as the Co-Founder of transport group Stagecoach but his eye for luxury yachts has helped him bank more than £100 million in the past few months. 

The Guardian 

Stimulating growth threatens stability, central banks warn: Central banks have done as much as they safely can to rebuild the world economy, and the onus is now on politicians to create the conditions for a stronger recovery, according to the Bank for International Settlements, the central bankers’ club. 

Royal Mail Chief in line for almost £1.6 million pay for last year: Royal Mail is steeling itself for a storm of protest from the Communication Workers Union following reports that the business is to reveal its Chief Executive was paid almost £1.6 million last year. 

ENRC Founders submit lower bid for their Kazakhstan mining company: The three billionaire Founders of controversial Kazakh mining company Eurasian Natural Resources Corporation are poised to unveil a final but reduced £3 billion bid before a deadline on Monday. 

Daily Mail 

Bosses at four of Britain’s largest companies face bonus revolts: Moya Greene, Royal Mail’s Chief Executive, could be set to receive a pay package worth more than £1.5 million if she hits performance targets. 

African diamond and gold miner in equity offer to raise £5 million: West African diamond and gold explorer Golden Saint Resources is seeking to raise £5 million through a float on the Alternative Investment Market, offering up to 20% of its equity. 

Tablets and carpets help lift sales for the High Street: Sales of tablet computers and smartphones should help Carphone Warehouse’s pretax profit rise to £60.3 million from £58.3 million the previous year, analysts claim. 

Daily Express 

Small and medium-sized firms expecting growth: British small and medium-sized firms (SMEs) are expecting to grow their businesses this year and take on more workers. According to AXA Business Insurance’s optimism index, 63% of respondents said they were feeling upbeat about growth over the next six months compared with last year’s 35%. 

Hurricane Energy looking to float: Hurricane Energy, the first firm to attempt drilling for oil in the cracks of fractured basement rocks in U.K. waters, is being tipped to raise £20 million from a summer listing. 

Africa Oilfield boasts market value of £11.1 million: Led by Andrew Groves and former England cricketer Phil Edmonds, the recently formed company is due to list on Aim after generating £4.25 million in a share placing. 

City A.M. 

Icahn readies financing for Dell counterbid: Carl Icahn is expected to mount his latest challenge to Michael Dell’s $24.4 billion (£15.8 billion) bid to take control of the PC giant, announcing $5.2 billion of funding from Jefferies. 

Insurance pioneer Clive Cowdery prepares £580 million bid for US firm: Clive Cowdery, the man who revolutionised the UK insurance industry when he founded Resolution in 2004, is looking to buy a US insurer in a deal worth $500-900 million (£320-583 million). 

CVC nears finish line as buyout firms tap cash: Formula One Owner CVC Capital Partners is gearing up for a first close on its sixth European buyout fund within the next month amid a flurry of fundraising closes at Europe’s top private equity houses. 

Virgin Mobile wins one of three Saudi virtual telecom licences: Virgin Mobile Middle East & Africa (VMMEA) is one of three companies to win a virtual telecom licence in Saudi Arabia, the industry regulator said on Sunday, in the latest step to liberalise the kingdom’s communications sector. 

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