What the other papers say this morning


Captain Magic conjures hedge launch
The glory days of the hedge fund launch may not be entirely over. Raffaele Costa, a flamboyant former GLG partner and self-styled “Captain Magic”, will this week unveil the first fund at his new firm Tyndaris, in what will be one of the boldest start-ups since 2008.

Merkel backs EU talks for Turkey
Angela Merkel has declared her support for reviving Turkey’s stalled membership talks with the EU, even while remaining sceptical about whether Ankara will ever join. Speaking before a visit to the Turkish capital today, the German chancellor endorsed France’s decision this month to lift its block on a negotiating “chapter” in the talks with Ankara, after nearly three years of deadlock.

Battle over wireless power standards
Companies from carmakers to smartphone manufacturers are locked in a standards battle over wireless power that threatens to slow the move to an unplugged world. Apple and Intel are among those registering patents and forming rival groups around a future where devices can be run without wired connections to electricity mains.


Barratt buys former DfT headquarters
Barratt, intent on shifting the balance of its business from the regions into London, has bought the Department for Transport’s former headquarters in Victoria, which it plans to turn into flats.

Eurotunnel steps up expansion bid
Eurotunnel is to open a second front in its attempt to dominate travel across the English Channel by launching an audacious bid to take control of the ports of Calais and Boulogne.

The Daily Telegraph

Fashion revival for All Saints
All Saints, which almost slid into administration two years ago, is back in the black. The retailer has seen annual earnings before interest, tax, depreciation and amortisation hit £7.5m, from a £9.1m loss 12 months earlier.

High streets see demand from retailers
A group of high streets in London outside of the core tourist destinations are growing in stature as retailers struggle to find affordable sites on Oxford Street and Bond Street.


Barnes chairman eyes chain buyout
Barnes & Noble’s chairman and biggest shareholder, Leonard Riggio, has expressed interest in buying out the retailer’s consumer-bookstore chain, raising the prospect that it could be split in two.

China invests reserves in UK property
China’s foreign-exchange regulator has been actively but discreetly investing in UK property and infrastructure, marking a shift in how the manager of the country’s foreign-currency reserves uses its funds.