What the other papers say this morning – 3 May 2013


Cooksey quit ENRC after owner row
Sir David Cooksey, chair of FTSE100 miner ENRC at the time of the firm’s 2007 floatation, quit in 2009 after a disagreement with shareholders, say people close to the matter. The former Bank of England director had lent the Kazakh company credibility for the IPO.

Lazard job for JP Morgan dealmaker
Former senior JP Morgan dealmaker Larry Slaughter will start at Lazard as vice-chairman of investment banking next month. Slaughter, who resigned in January, was global chairman of diversified industrials. He will continue to focus on industrial clients including large European companies and car makers.

Investors line up Kelda stake sales
Investors are preparing to sell an estimated £1.5bn stake in Kelda Group, the parent company of Yorkshire Water, in one of the UK’s largest UK infrastructure transactions of the year. Infracapital, an arm of M&G Investments, and Citi Infrastructure Investors plan to sell the stake, according to people familiar with the matter.


Ex-HBOS head quits Resolution job
Phil Hodkinson, the former finance director of HBOS, has bowed to pressure and resigned as senior independent director of life assurance firm Resolution.

Universities veto unpaid intern ads
Universities are refusing to advertise unpaid internships amid a growing scandal over the exploitation of job-seeking graduates. They say it is unfair graduates are expected to work free for up to a year to break into a chosen career.

The Daily Telegraph

France blocks Yahoo! takeover bid
A French government minister has been accused of “economic protectionism” after blocking a bid by Yahoo! to take a controlling stake in the Gallic version of YouTube, the website Dailymotion.

Food Standards Agency’s Tesco links
The Food Standards Agency has told board members to reveal any contact with former chief Tim Smith for two years following his move to Tesco. The move is aimed at strengthening governance arrangements.


ING seeks to sell US loan portfolio
A unit of ING is preparing to sell a multibillion-dollar US loan portfolio as the Dutch bank continues to wind down its US property business, according to people familiar with the company's plans.

Japan gains Turkish nuclear contract
Turkey's energy minister said a Japanese-French consortium will build Turkey's second nuclear-power plant, marking a victory for Tokyo in the long-running race for the project worth ¥2 trillion (£13.1bn).