What the Sunday papers said

http://www.independent.co.uk/news/business/news/what-the-sunday-papers-said-9776143.html

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Independent on Sunday: EU energy chief faces quit calls over oil links

The recently nominated EU commissioner for climate and energy is facing calls to stand down over his links to the oil industry. Miguel Arias Cañete has alleged family links to two petrol companies and has only recently sold big stakes in two Spanish oil firms, Petrolifera Ducar, where he was president, and Petrologis Canarias.

Sunday Telegraph: Hacking risk to banks investigated by MPs

The Commons Treasury Select Committee is investigating whether the financial system is at serious risk of being hacked amid concerns that companies are failing to protect themselves. MPs have met regulators and other experts in cybercrime. JPMorgan, America’s biggest bank, was hacked in an attack which saw 76 million households’ data compromised.

Sunday Times: North Sea oil innovator Apache to sell up

Apache, the US oil giant which has helped to revitalise the North Sea industry, has put all its fields there up for sale. Apache built up a 70,000 barrel a day empire by buying old fields from the majors like Exxon and using new technology to extract more oil. However, a powerful shareholder wants it to focus on US shale gas.

Mail on Sunday: Charges on suppliers vital to supermarket profits

Hidden charges supermarkets levy on suppliers make up as much of a third of their profits. Penalties for late deliveries, success fees for the retailer selling more goods and refunds for in-store discounts are not disclosed in accounts, but are hugely important to their annual figures. Tesco miscalculated its profits from such schemes by £250m.