WHAT THE OTHER PAPERS SAY THIS MORNING June 6, 2011 FINANCIAL TIMES SPAIN TO SEEK REDRESS OVER E. COLI CLAIM Spain will demand “100 per cent” compensation for the damage suffered by its farmers over unfounded accusations that they were the source of the E. coli outbreak in Germany that has killed 22 people and made thousands sick. Rosa Aguilar, Spain’s environment and rural affairs [...]
Strauss-Kahn pleads not guilty June 6, 2011 Former IMF chief Dominique Strauss-Kahn yesterday pleaded not guilty to charges he sexually assaulted a New York hotel maid. He was met at the courthouse by hotel workers chanting “shame on you”. Strauss-Kahn, 62, faces up to 25 years in prison if convicted on charges of attempted rape, sex abuse, a criminal sex act, unlawful [...]
Cable retreats on private equity June 6, 2011 Vince Cable, the business secretary, was forced into a climbdown yesterday after officials at his department hastily moved to “clarify” his comments on the role of private equity firms in providing healthcare. Cable told a GMB conference he had ordered officials to investigate if there was an “underlying problem with private equity companies supplying public [...]
Greece sells telco stake as protests grow June 6, 2011 PROTESTORS crowded into Athens’ Syntagma square outside parliament yesterday as the government announced that it is selling off a ten per cent stake in Hellenic Telecom. The deal sees Deutsche Telekom, which is 30 per cent owned by the German government, buy the equity for $400m (£245m) as part of a €50bn (£45bn) Greek privatisation [...]
Gaunt Jobs unveils iCloud music system June 6, 2011 STEVE Jobs yesterday broke his medical leave to announce a new cloud-based music service that threatens to sink rivals such as Spotify. The gaunt-looking Apple boss unveiled iCloud, a music-streaming and online data storage service that can be accessed on devices such as the iPad and the iPhone. The service will allow users to instantly [...]
CMC Markets founder to become Tory co-treasurer June 6, 2011 PETER Cruddas, the billionaire entrepreneur behind trading giant CMC Markets, has been appointed as co-treasurer of the Conservative party. He will work alongside existing treasurer Stanley Fink, the former chief executive of hedge fund manager Man Group. Tory sources said Cruddas had proven his fundraising abilities as co-treasurer of the No2AV campaign, which secured a [...]
HMV set to reveal deal with banks June 6, 2011 SHARES of HMV, the embattled music retail chain, shot up yesterday on speculation that it was on the verge of a restructuring deal with its creditors. Led by Lloyds Banking Group and Royal Bank of Scotland, the state-owned lenders, are expected to have agreed to provide the retailer with a two-year refinancing of between £210m [...]
…as directors take a swipe at high taxes June 6, 2011 TAX burdens on businesses are barely any lighter under the coalition government than under Labour, the Institute of Directors (IoD) will claim today. Despite cuts to corporation tax, a wave of other taxes are continuing to weigh down growth in the economy, the IoD, led by Miles Templeman (pictured) will say. National insurance, business rates [...]
CBI rallies behind Plan A but calls for pro-growth agenda… June 6, 2011 NEW Confederation of British Industry president Sir Roger Carr praised the “rigour and transparency” of chancellor George Osborne’s deficit reduction plans yesterday, yet warned that the government must do more to boost growth. The Centrica chairman urged the coalition to cut personal taxes and avoid any repeat of the “counter-productive” hike in North Sea oil [...]
Small businesses say government must cut NI to encourage hiring June 6, 2011 A REDUCTION in National Insurance payments would help small business take on more new staff, according to the latest figures from the Federation of Small Businesses (FSB). The industry body is calling for the government to change its policy on National Insurance, after a survey of more than 1,700 small business owners showed that almost [...]
