What the other papers say this morning - 05 September 2013


Dyson to hire hundreds of recruits
Dyson has launched its biggest recruitment drive yet with plans to triple the number of engineers taken on this year in the latest sign of a rebounding British economy. The maker of bagless vacuum cleaners, which employs almost 4,500 across three sites in the UK and Asia, plans to employ an extra 650 engineers in 2013, with about half recruited in the UK.

Hopes of Apple deal with China
Apple plans to hold near-simultaneous product launch events in California and Beijing for the first time next week, sparking hopes among investors for a long-awaited iPhone partnership with China Mobile. An invitation sent to Chinese media on Wednesday revealed an event on September 11, hours after the latest iPhone is expected to make its debut at Apple’s Cupertino headquarters.

Investors mull RBS cash call action
Standard Life Investments and Legal & General Investment Management are considering suing Royal Bank of Scotland over a capital raising by the bank under disgraced former chief executive Fred Goodwin in 2008. The institutional investors, two of the biggest in the UK, have not launched any proceedings against the bank, but they are carrying out preliminary inquiries over whether to take action over the £12bn rights issue. They have hired the corporate litigation firm Quinn Emanuel.


High-flyers look down on top Unis
The secret of how to get to the top of the world’s largest companies is, it seems, not to go to Harvard. Or to Yale, Oxford or Cambridge — at least, not for your first degree. Most leaders of the world’s biggest businesses do not have a bachelor’s degree from one of the highest ranking universities, a new analysis shows.

Osborne pledges tax reform
George Osborne has told visitors to Europe’s largest technology event that the tax system needs to be changed to generate greater investment in the sector. The chancellor argued that allowing venture capitalists more freedom was crucial to future growth in the sector.

The Daily Telegraph

Rupert Murdoch to sell family yacht
Rupert Murdoch has put his family’s yacht up for sale just three months after filing for divorce from Wendi Deng. According to a listing on Camper & Nicholsons International, the billionaire is selling his 184-foot boat, named Rosehearty. It is believed to have a price tag of $29.7m.

Blinkx slips on share sale
Mike Lynch, the founder of tech company Autonomy, took advantage of a rally in blinkx shares to sell down part of his stake in the online video search group for £4.5m. Mr Lynch, a non-executive director of the Aim-listed company, offloaded 3m shares in the group on Monday.


Friction at Zurich before suicide
Long-simmering friction between the chairman and chief financial officer of Zurich Insurance Group escalated this summer as the two tussled over how to explain the company’s disappointing progress toward meeting certain business targets.

Google sued in privacy test case
A sadomasochistic sex party is the latest battlefield in the web’s privacy war. Google was hauled into a French court yesterday by former Formula One racing head Max Mosley, who wants the internet giant to scrub its search results showing grainy images of his sexual escapades. It is considered a test case.