What the Sunday Papers say
SUNDAY EXPRESS
THE £1billion Stock Exchange float of online grocer Ocado is in danger of being snubbed by some City investors, leading to the possibility that it could be scaled back or even pulled under a worst-case scenario.
A tropical storm in the Gulf of Mexico could shut down containment operations at BP’s leaking oil well for two weeks.
SUNDAY TIMES
PRIVATE equity groups are pressing Reed Elsevier to consider a sale of its exhibitions arm after the publisher rebuffed recent buyers’ interest in the division.
Prudential is planning a boardroom shake-up that could pave the way for the departure of chairman Harvey McGrath.
SUNDAY TELEGRAPH
BAE Systems, Britain’s biggest defence company, is set to cut hundreds of jobs in its UK vehicles business in the coming weeks.
Leading companies have warned they will not be able to pick up the slack from the widescale job losses expected in the public sector.
OBSERVER
GENERAL Motors is gearing up for one of the biggest stock market flotations in US corporate history barely a year after emerging from bankruptcy. It hopes to raise $10-15billion (£6-10billion) and start to repay American government bailout money.
INDEPENDENT ON SUNDAY
PRICEWATERHOUSECOOPERS has been called in by the Afghanistan government to develop its $3trillion (£2trillion) mining and minerals industry.