UK

Cameron calls for truce on bonuses

David Cameron has called for a truce in the battle over bank bonuses in an attempt to repair fractured relations with the City

Friday, February 10, 2012 (Financial Times )

Weir joins race to buy Ludowici

Pumps manufacturer makes a £200m takeover offer for the Australian mining equipment supplier, to compete with a proposal from FLSmidth

Friday, February 10, 2012 (Financial Times )

Good reasons for caution on all-share deals

Bankers point to the valuation creation of tie-ups such Misys/Temenos and Glencore/Xstrata – such arguments were common in the dotcom boom

Friday, February 10, 2012 (Financial Times )

Cash bonus limit reflects ‘public mood’

Cuts to banking bonus pools may be an attempt to mollify public agitation, but they mask the difficulty of bringing down costs in the industry

Friday, February 10, 2012 (Financial Times )

Fidelity calls for revised Glencore deal

The fund manager has joined a growing group of Xstrata shareholders seeking a change in the terms proposed by the commodity group

Friday, February 10, 2012 (Financial Times )

Bumi’s foundations undermined by spat

Calls to remove?Nat?Rothschild from the board are sparking corporate governance fears

Friday, February 10, 2012 (Financial Times )

Banks under fire over Project Merlin

The banks met their overall government-agreed commitments for 2011 with gross new loans of £214.9bn to businesses against a £190bn target

Friday, February 10, 2012 (Financial Times )

Valentine’s boost for online dating sites

The UK market, with about £120m a year in revenue, has more than 800 dating websites, many of which see an increase in activity from December to February

Friday, February 10, 2012 (Financial Times )

Bidders ready to battle for Edinburgh Airport

At least five parties are due to make offers by Monday, including Global Infrastructure Partners and private equity groups 3i and Carlyle

Friday, February 10, 2012 (Financial Times )

De Beers forecasts uncertainty after bumper 2011

The diamond miner’s CEO says the eurozone crisis is weighing on the industry but China and India will a resumption of robust growth

Friday, February 10, 2012 (Financial Times )

The Intelligent Investor
Economic Monitor