What the other papers say this morning - 07 April 2014

FINANCIAL TIMES

Ecclestone wants to regain grip on F1
Bernie Ecclestone has said he would like to regain control of F1 in partnership with leading teams such as Ferrari, even as he prepares to step back from the day-to-day running of the sport.

Asked if he wanted to buy up stakes if they became available or even take over the whole of the F1 business, Mr Ecclestone, who retains a 5 per cent stake, said: “We’d certainly want control.”

GCHQ looks outside agency for boss
Two mandarins and a serving spy make up the shortlist of candidates to be the nest head of GCHQ, as the electronic surveillance agency looks to outsiders to help rebuild public and political trust in the wake of the Edward Snowden leaks. The final choice has been narrowed down to Charles Farr, the director of security and couter terrorism at the Home Office, Robert Hannigan, director-general of defence and intelligence at the Foreign Office and a third seniormember of the British intelligence community who cannot be named for securitz reasons.

Flaws emerge in investor ID plan
Plans to give European companies new rights ti identify shareholders should be scrapped as they could represent a windfall for intermediaries now able to charge for the servcie, according to European Issuers, an organisation that represents thousands of quoted companies.

THE TIMES

Unilever boss urges peers to go green
The boss of Unilever Paul Polman is to deliver a withering attack today on business leaders who fail to wake up to climate change by criticising high-carbon industries for pushing the global economy towards a “cliff edge”.

Shelter backs tax for housebuilding
A charity that aims to end homelessness has backed calls for a tax on developers who are “sitting on 60,000 stalled sites” with planning permission for housing across England. Shelter said that levying a “stalled sites tax” on developers could results in “tens of thousands” of new homes being built in three to five years.

The Daily Telegraph

Infrastructure hit by costs rise
The cost of key government infrastructure projects – such as High Speed 2 and the Northern Hub rail upgrades – is set to rise as labour and material prices jump up, an industry body has warned. Civil engineering tender prices are set to increase by 24 per cent in the next five years, says the Royal Institute of Chartered Surveyors.

Karren Brady: pay small firms faster
Karren Brady, the vice-chairman of West Ham and the coalition’s Small Business Ambassador, hopes to introduce new rules that would force large companies to pay small businesses faster.

THE WALL STREET JOURNAL
EUROPE

Glaxo investigates bribery claims
GlaxoSmithKline is investigating allegations of bribery by employees in the Middle East, according to emails seen by the Wall Street Journal, opening a new front for the company as it manages a separate corruption investigation in China.

Breast cancer drugs show promise
Two drugs from Pfizer and Eli Lilly & Co that employ a new therapeutic approach showed promise in slowing the course of breast cancer, according to early-stage research released yesterday.