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Kraft Heinz ditches Unilever takeover plans
Kraft Heinz has ditched its plans to take over Unilever, just two days after it emerged the London-listed consumer goods giant had rejected a $143bn offer.
RBS to provide fund for challenger banks, costing £750m
Royal Bank of Scotland will be forced to supply funding to 'challenger' banks and allow access to its branches to help increase competition for SME business banking as part of a new deal by the Treasury with European regulators that means the bank will not have to sell off its 300-branch Williams & Glyn business.
Sunday share tips: IMI, LXI, IHG
IMI shares were tipped as worth holding in the Sunday Times' Inside the City column. Costs have been cut at the valve-making group in the year of the recent oil price slump, with results on Friday watched keenly after its shares have risen from their 2016 low of 745p to above 1,200p of late.
Sunday newspaper round-up: Budget balancing, Unilever, RBS, BT, Sainsbury's
Philip Hammond is set to get a boost from a bigger budget surplus at the start of 2017, giving the chancellor more leeway to cut taxes or increase spending in next month’s budget. Hammond is under pressure to use his March budget to provide support to companies hit by sharp rises in business rates, as well as hand extra funding to the NHS, but after recent moves in government bond markets raised the Treasury’s borrowing costs he will be likely to think twice about any big giveaways, the Sunday Times said.