WHAT THE OTHER PAPERS SAY THIS MORNING
FINANCIAL TIMES
EU to push for binding investor pay votes
Shareholders in Europe’s listed companies will be given a binding vote on pay while those who invest in banks will gain powers to set a cap on bonus levels, under plans being drawn up by senior EU officials. The initiative from Michel Barnier, the EU’s top financial services regulator, would hand bank investors the voting power to curb “morally indefensible” pay and limit the gap between the lowest and highest paid. Banks would also be forced to disclose their top 20-30 earners.
Bankers’ talks on curbing rating agencies
Up to 20 of Europe’s top banks will on Wednesday discuss a plan to foil the dominance of the much criticised big three credit agencies at a private meeting of finance directors in Frankfurt.
Face ‘hard truths’, CBI head tells bosses
The president of the CBI employers’ group will on Wednesday urge business leaders to confront some “hard truths” to deliver their side of the bargain to get the economy moving again.
THE TIMES
Richard Desmond’s licence to print money in Docklands?
Richard Desmond wants to convert his West Ferry Printers site in London’s Docklands into homes as his media empire moves from the capital to Luton .
The Times understands that Northern & Shell, parent company of the Daily Star, Daily Express and their Sunday sister titles, has started talks with the freeholder British Waterways to convert the Millwall Outer Dock site from industrial to residential use.
The Daily Telegraph
Builders report paltry sales under NewBuy
Britain’s top builders say they have so far sold less than one home apiece under the Government’s flagship scheme to boost the housing market, two months after the launch.
New legal threat to Apple over ebooks
Apple has been dealt a blow in its escalating row over alleged ebook price fixing, after a New York court refused to throw out a class-action lawsuit against it.
THE WALL STREET JOURNAL
More Real-Estate Loans Default in Europe
European commercial-real-estate markets are struggling with a sharp increase in problem mortgages just as more European countries slip back into recession. A growing number of landlords, hit with falling rents and occupancies, are defaulting on loans, and it is happening not just in the most-troubled parts of Europe but in big centers like London and Frankfurt. Values already are down nearly 20 per cent since their 2007 peak across Europe, according to CBRE Group.