Pensions industry in line for shake-up
The coalition is drawing up proposals for a radical reshaping of the private pensions industry under which “big, household-name” companies would come together to create a pooled fund which could ensure a more generous income in retirement. Minister Steve Webb said that he had held a meeting with “big, big employers, household name firms” who had expressed interest in shifting to a collective scheme.
EU aid to Egypt deemed ineffective
The €1bn in EU aid supplied to Egypt over the past seven years has done little to achieve its aims of improving democracy and human rights in the country, according to a damning assessment by the bloc’s spending watchdog.
Dreyfus chief executive to retire
Serg Schoen is set to retire as chief executive of Louis Dreyfus Commodities this month after eight years in the post.
AstraZeneca plans Cambridge move
A science park alongside Addenbrooke’s Hospital in Cambridge has won a contest to become the location for AstraZeneca’s new global headquarters, to be built by the drugs company at a cost of £330m.
Richards leaving Novus Leisure
Novus Leisure chief Steve Richards is leaving the bar and nightclub operator.
The Daily Telegraph
Ken Clarke says not to quit the EU
Britain will be excluded from international deals if the country leaves the European Union, which would lead to widespread job losses and higher prices in the shops, former chancellor Kenneth Clarke warned.
Brits to spend £243m on royal birth
Analysts estimate celebrations of the royal birth could boost the economy by £243m.
THE WALL STREET JOURNAL
Supreme Court rules on drug law
The Supreme Court said yesterday courts should give more scrutiny to pharmaceutical industry patent settlements that can delay the entry of generic drugs, boosting government efforts to challenge such agreements as anticompetitive. The ruling, in a case brought by the Federal Trade Commission, was a blow to the industry.