SKY PULLED NEWS STORY ON F1 SHARES
The chief executive of British Sky Broadcasting ordered a news story to be removed from the Sky News website after an executive producer complained that it had upset Formula 1 racing teams. Jeremy Darroch intervened after the article, which described a controversial agreement involving F1 chief executive Bernie Ecclestone and two racing teams, appeared on the eve of BSkyB’s inaugural broadcast of the global motorsport.
POLYUS SHELVES PLANS FOR LONDON IPO
Russia’s Polyus Gold has suspended plans to join the FTSE 100 after becoming bogged down in long delays while seeking approval from a foreign investment commission chaired by Russian leader Vladimir Putin. Polyus said yesterday that it had sent the foreign investment commission a letter announcing it had withdrawn its request to seek a full listing in UK – a move only permitted with the commission’s approval.
EU DEMANDS GOOGLE RESPONSE TO PRIVACY WORRY
MARGARET COLE SET TO JOIN PWC
The woman who struck fear in trading rooms across the City is joining Britain’s biggest accountant in a senior executive role, The Times can reveal. Margaret Cole, who became one of the most powerful women in the Square Mile after transforming the FSA’s enforcement division, will become the senior legal adviser at PwC’s British division in the autumn.
JAPAN GETS HOLD OF NORTH SEA MONSTERS
The British company that provides the huge jack-up vessels that plant giant wind turbine towers on the bed of the North Sea has been sold by Riverstone Holdings for £535m.
The Daily Telegraph
COURTROOM CLASH OVER MAYBOURNE HOTEL GROUP
A legal dispute over the ownership of three of London’s most famous hotels opened in the High Court yesterday. The battle for control of Maybourne Hotel Group, owner of Claridge’s, the Connaught and The Berkeley sets Irish entrepreneur Patrick McKillen against Sir David and Sir Frederick Barclay, owners of Telegraph Media Group.
VATICAN BANK FACES FRESH CONTROVERSY
The Vatican bank formally known as the Institute for Works of Religion or IOR – has had one of its accounts closed by JP Morgan after stone-walling requests for information.
The sanction came less than two weeks after the US State Department listed the Vatican as being potentially vulnerable to money laundering.
THE WALL STREET JOURNAL
FRENCH SCHOOL KILLINGS SPARK HORROR
A manhunt was under way in this southern French city for a lone gunman who opened fire on a Jewish school yesterday, killing four people including a father and his two sons, with a weapon used in two similar attacks in recent days.
REPUBLICAN BUDGET TARGETS TAXES
US House Republicans, searching for an election-year message amid a muddled political and economic landscape, will introduce a 2013 budget Tuesday that cuts tax rates and provides for just two individual brackets of 10 per cent and 25 per cent and ends the Alternative Minimum Tax.