(MENAFN- ProactiveInvestors)I feel a little like Sam Tyler the lead character in the police drama Life in Mars as he is transported back to the 1970s. Reading the City headlines this morning the top story a pick-up from the weekend is a corker (though barely believable). It suggests the government is mulling the nationalisation of stricken Rolls Royce's submarines division maker of the Trident nuclear vessels. The FT carries a report based on a poll by the governance body ISCA which suggests around 60% of FTSE 350 company bosses are against Britain's exit from the European Union up from 53% a year ago. Ryanair's use of the world's leading supplier of airline pilots is at the centre of an international investigation into an alleged 'especially serious case of tax evasion' according to the Times. Citing a warning by economists the paper also says America's central bank is now so widely expected to make the historic decision this week to raise interest rates for the first time in nearly ten years that failure to do so would deeply undermine its credibility. Sometimes you wish they would do the deed and depart so tedious is debate over the re-domicile of the HSBC Britain's largest bank. Hong Kong looks the most natural home but according to the Times Toronto is also being considered. Why Nice city but hardly an international capital for finance. Glencore seems to have upset just about everyone else so why not the Nigerians According to the Times the commodity trader has been drawn into a dispute with the government there after a joint-venture licence was suspended over allegations that it allowed its customers to profiteer on petrol sales. Sticking with the mining sector the paper reckons hedge funds are betting against further falls in Anglo American shares even after earning millions of pounds in profits after last week's collapse. According to the Telegraph Pearson's woes have deepened over in its UK ebook price row. The beleaguered education giant faces a crisis in its British universities business after it imposed steep price rises on academic libraries. The Guardian carries the story of internet giant Alibaba buying South China Morning Post for US$266mln and the British private equity firm battling for the return of a £250mln mine in Russia. Finally the Mail's take on Rolls-Royce is that activist shareholder ValueAct have been touring City institutions to build their support bases as the California-based investor presses for a seat on the engine-maker's board.
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