The Financial Times said that Baugur, the Icelandic investment group, was considering redomiciling some of its companies to the UK to avoid its chairman Jon Asegir Johannesson being banned as a company director. Last month the Icelandic supreme court convicted Jogannesson of book-keeping offences but serious fraud and embezzlement charges were thrown out. Johannesson is reported to have told the Morgunbladid newspaper: "Which of our companies here in Iceland will be moved either to the UK, Denmark or the Faroe Islands remains to be seen...We are looking deeply into it now." He added: "The fact is nobody - neither shareholders, banks, auditors, nor members of the boards - wants me to leave the boards of our companies."
The Sunday Telegraph said that shareholders in Moss Bros were calling for the menswear chain to move to Aim to help it reduce costs. The newspaper said that Laura Crawford, a legal director at Greenwoods menswear chain, which owns a significant number of shares in Moss Bros, urged chief executive Philip Mountford to consider the move. Mountford said the decision would be made by the company's new chairman, when he or she is appointed.
The Sunday Express said that LK Bennett could be sold to Phoenix Equity partners as early as this week. The newspaper said the deal could be worth up to £100m.