(MENAFN- ProactiveInvestors - UK) Brexit dominates today with the FT reporting that bosses of about half of Britain's 100 biggest companies are to sign a letter backing David Cameron in his fight to keep the country in the EU.
Corporate leaders at companies including Shell BAE Systems BT and Rio Tinto will argue in the letter that Britain is 'stronger safer and better off' in a reformed EU ft.com
The Telegraph also runs with the same story adding two pollsfrom the Institute of Directors (IoD) and manufacturers' trade body EEFeach found that six out of 10 of their members support Britain remaining in the European Union.
Nationwide is being sued for millions of pounds by a UK property company over a loan sale to private equity firm Cerberus reports the FT. Frogmore is claiming for damages of at least 57.6mln over allegations that Nationwide breached a contract relating to the sale of commercial property loans in 2014.
Pension funds and sovereign wealth funds are in talks to form a 'super-consortium' to bid for a majority stake in National Grid's gas distribution arm the Telegraph reports. Wren House the infrastructure arm of the Kuwait Investment Authority and the Universities Superannuation Scheme (USS) one of Britain's biggest pension funds are understood to be eyeing the stake.
J Sainsbury will ask the Takeover Panel for a three-week extension as it tries to prevent the collapse of its proposed takeover of Home Retail Group reports the Times.After a last-gasp rival bid from Steinhoff Sainsbury's is likely to ask the panel to extend its offer deadline to 18 March.
The Mail writes that Sports Direct's reputation suffered another blow on Sunday after it emerged as one of the UK's meanest firms by paying the least towards its staff retirement plans. The retail giant pays the lowest average pension contribution per employee in the FTSE 100 a new survey found.
British Airways took first place in the annual "consumer superbrands" list by The Centre for Brand Analysis for the third year in a row following a year of growth for the airline reports the Telegraph.
One of London's biggest hedge funds has begun betting on further falls in the share price of Standard Chartered. Marshall Wace disclosed a short position in Standard Chartered this month equivalent to about 0.6% of the bank's shares marking the beginning of a potential attack the Times writes.
A former adviser to George Osborne has said the chancellor is likely to mount a 4bn raid on pension savings by scrapping tax-free allowances on lump sums in a bid to save more cash for the Treasury.Former pensions minister Steve Webb says hundreds of thousands of people would suffer from Osborne's 'tax bombshell' that some fear could come as soon as the Budgetnext month the Guardian reports.
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