Outgoing Anglo boss warning
The outgoing chief executive of Anglo American has warned mining industry shareholders that they need to adjust their expectations – or get out of the sector. In a parting shot at shareholder demands for greater cash returns, Cynthia Carroll said there was a “disconnect” between mining companies and investors, adding that the latter need to understand “what it really takes to deliver projects”.
IPO fundraising jumps 50 per cent
A bumper start to the year in the global market for equity issues has seen funds raised through IPOs jump by 50 per cent so far, marking a shift in sentiment after years of declining deal volumes.
Questions over Litvinenko inquest
The death of exiled Russian tycoon Boris Berezovsky has thrown into question the inquest due this year into the poisoning of former KGB officer Alexander Litvinenko.
Second hotel brand for Whitbread
Twenty-six years after Whitbread opened the doors of its first budget hotel, it is developing a second brand as it runs out of new locations for its Premier Inn chain.
US leaves BlackBerrys on the shelf
Initial sales estimates for BlackBerry’s new Z10 phone suggested that the device may be a flop in the United States.
The Daily Telegraph
TNT Express cuts 4,000 jobs
TNT Express is shedding 4,000 jobs, some of them in its UK and Ireland operations, two months after EU authorities blocked a takeover by United Parcel Service.
HMRC to tax fund ‘cashback’
Taxes on bonuses paid on funds could set a precedent for supermarket and credit card cashback schemes to be targeted.
THE WALL STREET JOURNAL
Senate banking chair to retire
US senator Tim Johnson, chairman of the powerful Senate Banking Committee, is expected to announce today that he won't seek re-election in 2014.
Hulu in talks with potential buyers
Online video site Hulu has had discussions with potential buyers, including financial services firm Guggenheim Partners.