Papers

Saga, the financial services and leisure group which targets the over-50s, is set to land its staff a £500m windfall and is considering a stock market flotation, says the Daily Telegraph .

THE BANK OF England could lift interest rates as soon as this Thursday, taking borrowing costs to a new six-year high, according to the Daily Telegraph.

Treasury officials yesterday left the door open for a new chancellor to change the government's widely discredited fiscal rules following Gordon Brown's expected move to Number 10, reports the Financial Times .

Renewed warnings from the Bank of England over attempts by companies to push up prices and other risks of inflation in the medium term, yesterday reinforced the City's belief interest rates will rise again before summer, says the Times .

HALIFAX COULD FACE action from the City watchdog after admitting the details of some 13,000 mortgage customers were stolen from a member of staff last week, according to the Guardian .

New Star Asset Management will this week unveil plans to return up to £350m to shareholders in a move which would see its chairman John Duffield pocket £70m, says the Daily Telegraph .

The chief executive of Kensington has stepped down with immediate effect as the sub-prime mortgage lender issued a profit warning, says the Daily Telegraph .

The City was caught on the hop yesterday after it emerged one member of the Bank of England's Monetary Policy Committee voted for a cut in interest rates this month and no one wanted an increase, reports the Independent .

Barclays' plans to shift its headquarters to Amsterdam as part of its £80bn negotiations with Dutch bank ABN Amro are likely to raise concerns about the firm's regulation by the FSA, reports the Guardian .

Anger is growing among employers and pension funds over the tight timetable the government has set for consultation on changes which could produce big cuts in the future value of final-salary pensions, says the Financial Times .