WHAT THE OTHER PAPERS SAY THIS MORNING
FINANCIAL TIMES
EVERCORE SET TO ENHANCE ITS ROLE IN EUROPE WITH £86M LEXICON BUY
Evercore Partners, the US investment bank, is set to bolster its position in Europe with a deal to buy Lexicon Partners, the London-based advisory firm co-founded by Andrew Sibbald, for about £86m.
UBS IN PAY PLEDGE TO TRY AND STEM DEFECTIONS
UBS executives have reassured senior bankers that it will raise pay to attract and retain top staff after suffering a spate of defections from its US investment bank.
THE TIMES
BA AGREES $89M CLAIM OVER AN AIRLINE CARGO CARTEL
British Airways has agreed to pay damages to cargo customers in the United States after admitting that it had been part of a price-fixing cartel.
SYKES IN RETREAT AS OLIGARCHS STRIKE FEAR INTO COPPER GIANT
Sir Richard Sykes offered to step down from the board of Eurasian Natural Resources last week after a boardroom dispute led to fears that the company’s Kazakh shareholders would try to oust its independent directors.