Market Pulse
Sunday newspaper round-up: HMRC's new tax deals, Tesco's debt, Sainsbury's
In the wake of Google's £130m tax settlement with the UK taxman, other giant US corporations are close to shaking hands on their own deals. HM Revenue & Customs officials have confirmed to the Sunday Times that Amazon, Facebook, Microsoft and McDonald's are all close to agreements that would swell the national coffers but are likely to land the office in hot water after Google was felt to have got of lightly.
Suday share tips: Green Dragon Gas, British Land, Land Securities, Braemar Shipping
Green Dragon Gas was a 'buy' tip for Midas in the Mail on Sunday. Yes, oil prices is tumbling and China's growth is slowing, but gas prices are more stable and this Chinese gas producer is expected to enjoyed rocketing revenues and profits in the coming years from its gigantic acreage of exploration property. Focused on a chemical-fee extraction of coal-bed methane, Green Dragon won a battle with state-owned giants in 2014, with Beijing confirming the London fully listed company's rights to the licences.
Banks told to add IT expertise at board level
The current state of high street banking IT systems is not up to scratch and the chief executives of Royal Bank of Scotland, HSBC and Barclays, as well as the heads of the Bank of England's regulatory arms, have been told to urgently begin addressing the matter from board level downwards.