What the other papers say this morning - 28 November 2013


JPMorgan eyed metals unit in 2012
JPMorgan Chase drew up plans to sell part of its metals warehousing empire last year as it faced pressure to show regulators that the business fitted with the activities of a bank, according to newly released documents.

American-US Airways merger cleared
The long-running effort to merge US Airways and the bankrupt parent of American Airlines looks close to success after a bankruptcy court judge threw out a last-minute private effort to block the deal and cleared it to go ahead.

US Airways and AMR Corporation said they expected the two companies to merge on December 9 before markets opened. They anticipate the merged airline to be the US’s largest by sales.

Deutsche Bank in talks to sell Tilney
Deutsche Bank is in exclusive talks with private equity group Permira to sell the lossmaking part of its UK wealth management business as part of a strategy to concentrate on ultra-rich clients.

Germany’s largest lender was hoping to reach a deal to dispose of Tilney Investment Management to Permira before Christmas, three people familiar with the negotiations said. The planned sale comes more than seven years after Deutsche bought into the UK wealth management market with the acquisition of Tilney for £300m.


MailOnline to set up Down Under
Australian celebrities will soon find themselves appearing regularly in the “sidebar of shame” after the owner of MailOnline said that it would launch an edition of the world’s biggest English-language newspaper website Down Under.

Ryanair upgrades in Brussels & Rome
After facing years of derision about its flights to obscure continental airports, Ryanair has signalled a change in strategy by challenging traditional flag carriers at mainstream hubs in Brussels and Rome. The Irish budget carrier struck a deal yesterday to begin flying ten routes to Southern Europe

The Daily Telegraph

Spain PM: Scotland would be out of EU
Mariano Rajoy said it was important that Scots were “realistic” about the consequences of a ‘yes’ vote next year and warned against “regions” of member states embarking on “solo adventures”. The Spanish Prime Minister confirmed a separate Scotland would require the consent of all 28 existing member states, including his country, to join the EU.

Treasury: spread betting exemption
The Treasury will discuss the tax exemption of spread betting after peers raised concerned about “extraordinary tax avoidance” on the trades.


UBS limits online chat use
UBS has become the latest firm to clamp down on traders’ use of electronic chat rooms, imposing a ban on “social chat rooms” and toughening up other rules. Internal chats will be allowed only on the firm’s own communication tools.

Cargo probe threatens shipping deal
A probe by the European Union into price fixing in the container shipping industry makes it less likely that the world’s three biggest container shippers will get regulatory clearance any time soon for a major new alliance on the busiest global trade routes