What the other papers say this morning


Deutsche Telekom chief to Ziggo
René Obermann, Deutsche Telekom’s chief executive, will take over the helm at Ziggo next year in a coup for the Dutch cable operator that staged a successful initial public offering last year. The move underlines the growing cachet of European cable companies, which are enjoying solid growth and rising profit margins in contrast to the more challenging outlook of the established telecom and mobile operators. Mr Obermann said he was eager to “move closer to operational activities”.

Ten executives leave Bumi
Ten executives have resigned from Indonesian coal miner Bumi Resources in a possible step toward separating the Bakrie family-linked company from London-listed parent Bumi.

Brussels ends telecoms probe
The five largest European telecoms groups have been cleared of antitrust practices by Europe’s competition regulator pulling the curtain down on a long-running Brussels probe. The European Commission said it had closed a preliminary investigation.


NHS must find its moral purpose
The people who run the NHS have lost sight of their moral purpose and need to remember that they exist to do good, the health service standards watchdog has said.

Ireland rate rise puts on pressure
Regulators are coming under parliamentary pressure to explain their inactivity over Bank of Ireland UK, last week accused of breaking promises by doubling interest on “tracker” mortgages.

The Daily Telegraph

French minister warns austerity crisis
The birthplace of Baroness Thatcher is finally to have a permanent statue erected in her honour, housed in a museum dedicated to the former Prime Minister, after years of wrangling over the issue.

Eurogroup head sees sterling crisis
The pound’s recent slide could be the start of “a new sterling crisis” sparked by concerns about the state of the public finances, according to the Eurogroup’s new president.


China Group may buy GM stake
A group led by one of China’s highest profile developers is in advanced discussions to buy a 40 per cent stake in the General Motors Building in Manhattan, one of the most US valuable buildings.

Citi seeks to sell Brazil units
Citigroup has put its Brazilian credit-card and consumer-financing arms up for sale according to people with knowledge of the company's strategy, in a sign the bank plans to focus on private and investment banking.