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WHAT THE OTHER PAPERS SAY THIS MORNING

<strong>THE SUNDAYS<br />The Sunday Telegraph<br />PRU ENSURES CHANGES TO CAZENOVE RESEARCH</strong><br />JP Morgan Cazenove has rewritten a piece of research about Prudential that initially made a string of adverse comments about the insurer&rsquo;s accounting procedures. The research note is understood to have made disparaging remarks about reporting decisions taken by Tidjane Thiam, set to take over as chief executive this year.<br /><br /><strong>SEGRO NEARS BRIXTON TAKEOVER<br /></strong>Segro is closing in on a takeover of fellow industrial property group Brixton after management and shareholders of its target rejected alternative proposals from bondholders. Segro has secured a preliminary agreement to acquire Brixton for &pound;107m in an all-share offer and could now announce its firm intention to make the bid by the end of the week. <br /><strong><br />The SUNDAY TIMES<br />HANDS READY FOR PORTS BID</strong><br />Terra Firma, the buyout firm controlled by Guy Hands, is set to bid for PD Ports this week. Rival suitors include HGCapital, CVC, Carlyle and Star Capital. Babcock &amp; Brown Infrastructure was forced to slash its asking price after steel giant Corus decided to mothball its Teeside plant, which accounts for a quarter of turnover.<br /><br /><strong>MOBILE GIANT&rsquo;S TURKISH GAMBIT<br /></strong>Vodafone has discussed offering its struggling Turkish subsidiary in part-exchange for T-Mobile UK, which is expected to be sold later this year by Deutsche Telekom. The German phone group is this weekend <br />considering approaches from Vodafone, O2 and Orange, who are all keen to consolidate their position in Britain&rsquo;s highly-competitive mobile market. <strong><br /><br />TODAY<br />FINANCIAL TIMES<br />MADOFF LAWYER SAYS HE WOULD DO IT ALL AGAIN</strong><br />The man who defended Bernard Madoff would not hesitate to do it again. &ldquo;Absolutely,&rdquo; says Ira Sorkin, who vigorously argued for leniency on behalf of his client only to see him sentenced last week to a 150-year prison term for running a $65bn Ponzi scheme that devastated thousands of lives.<br /><br /><strong>EXPORTERS SQUEEZED BY EURO GAINS<br /></strong>The euro&rsquo;s strength is forcing European companies to step up cost-cuts to compete with rivals from the US and elsewhere amid fears that it could slow their recovery when demand picks up. The euro, which has risen to $1.40 from $1.25 in March, is making life &ldquo;difficult&rdquo;, Pier Francesco Guarguaglini, head of Italian defence group Finmeccanica, told the FT.<br /><strong><br />The Daily Telegraph<br />SOCK SHOP TO OPEN RETAIL OUTLET</strong><br />Sock Shop, the iconic 1980s specialist store, is to open its first retail outlet in the UK since the chain closed down after going into administration three-and-a-half years ago. Ruia Group, the hosiery and textiles manufacturer who bought the Sock Shop brand from the administrators, are opening a store at Manchester Airport this week.<br /><br /><strong>WAL-MART SHOPPERS TO VOTE FOR GOODS THAT RETAILER WILL STOCK<br /></strong>Shopper at Wal-Mart, the world&rsquo;s biggest retailer, will be able to vote on what products it stocks under a new initiative being launched in the autumn. In a bid to harness new technology, empower customers and ensure that it has the right products on its shelves, Wal-Mart will allow groups of customers to vote on which non-food products from China it should place orders for.<br /><strong><br />THE TIMES<br />ROYAL MAIL&rsquo;S PENSION SCHEME COULD BE CLOSED</strong><br />The head of the postal group&rsquo;s pension trustees is considering closing its retirement scheme after the shelving of reform. The chairman of Royal Mail&rsquo;s pension trustees is considering plans to close its retirement scheme to existing members after legislation to part-privatise the postal service was shelved last week.<br /><br /><strong>TAXI WAR FOR BAA&rsquo;S HEATHROW<br /></strong>BAA has incurred the wrath of black cab drivers in London by striking a deal to allow a minicab company to pick up passengers at Heathrow. The deal will allow Addison Lee and One Transport to operate a booking service directly from the airport, prompting cabbies to threaten a blockade of Heathrow over what they call an unacceptable encroachment of minicabs on to their lucrative turf.