Financial Times: Trinity Mirror shares soar Shares in Trinity Mirror jumped after the UK publisher exceeded first-half forecasts and said its acquisition of Guardian Media Group's regional operations was paying off Financial Times: Connaught bankers grant £15m overdraft Social housing maintenance group launches a charm offensive in an attempt to reassure suppliers that it can repay its debts, following the vital short-term cash injection Financial Times: France Telecom pledges to keep dividend The French telecoms group has committed to maintain its annual dividend for the next three years amid investors' concerns of a shrinking pay-out Financial Times: US banks in rush for cheap finance US banks are taking advantage of improving earnings and growing investor demand to raise billions of dollars in debt at low interest rates, a move that could boost the sector’s profits Financial Times: Fed reports paper profit on Bear and AIG bail-outs The US public’s hope of getting repaid for the bail-outs of Bear Stearns and AIG in the financial crisis increased on Thursday after the Federal Reserve reported a paper profit for the first time on all the holdings of securities bought from the companies Financial Times: Wyly brothers charged over ‘undisclosed $550m’ US regulators charged Samuel and Charles Wyly, two billionaire brothers whose interests range from software to restaurants, with reaping more than $550m in undisclosed gains by trading shares in companies on whose boards they sat Financial Times: Citi to pay $75m to settle SEC charges The US bank did not admit to charges that it failed to disclose more than $40bn in subprime mortgage exposure but the settlement includes information that may be useful in cases against it Financial Times: Google says China ‘blockage’ miscalculation Google said that its search and advertising services were being blocked in China for first time since its groundbreaking compromise with the Chinese government earlier this month Financial Times: Wylie theatens broad digital expansion Andrew Wylie, the literary agent whose exclusive deal with Amazon.com last week stunned the publishing world, has threatened a broad expansion of his digital publishing business to include up to 2,000 titles if traditional publishers refuse to improve digital royalties. Financial Times: US divided on how to tackle Huawei US government agencies charged with reviewing sensitive acquisitions are engaged in a debate over how to handle Huawei, the Chinese software and telecoms equipment-maker viewed with deep scepticism by government security experts City stockbroker in buy-out BIS gold swaps mystery is unravelled 404 Not Found European heavyweight results impress Colgate-Palmolive European heavyweight results impress Panasonic: Going green 404 Not Found 404 Not Found 404 Not Found Next page-->

Financial Times - Company and Industry News Financial Times - Company and Industry News View source archive --> Search this source --> ·US banks in rush for cheap finance US banks are taking advantage of improving earnings and growing investor demand to raise billions of dollars in debt at low interest rates, a move that could boost the sector’s profits ·Results underline strength of Europe’s corporate recovery Industrial companies have led the recovery after a crushing fall in earnings last year ·Fed reports paper profit on Bear and AIG bail-outs The US public’s hope of getting repaid for the bail-outs of Bear Stearns and AIG in the financial crisis increased on Thursday after the Federal Reserve reported a paper profit for the first time on all the holdings of securities bought from the companies ·Wyly brothers charged over ‘undisclosed $550m’ US regulators charged Samuel and Charles Wyly, two billionaire brothers whose interests range from software to restaurants, with reaping more than $550m in undisclosed gains by trading shares in companies on whose boards they sat ·Citi to pay $75m to settle SEC charges The US bank did not admit to charges that it failed to disclose more than $40bn in subprime mortgage exposure but the settlement includes information that may be useful in cases against it ·Google says China ‘blockage’ miscalculation Google said that its search and advertising services were being blocked in China for first time since its groundbreaking compromise with the Chinese government earlier this month ·Shell chief defends deep-water drilling Peter Voser, chief executive, says deep-water drilling has important role to play in global energy supply, as the Anglo-Dutch oil group announces a near-doubling in second-quarter profit to $4.53bn ·Wylie theatens broad digital expansion Andrew Wylie, the literary agent whose exclusive deal with Amazon.com last week stunned the publishing world, has threatened a broad expansion of his digital publishing business to include up to 2,000 titles if traditional publishers refuse to improve digital royalties. ·FSA unveils tough pay and bonus code The FSA is broadening the scope of its pay code to more than 2.500 financial services companies to comply with EU legislation that introduced some of the world’s toughest restrictions on bankers’ bonuses ·PartyGaming and Bwin plan merger Proposed deal would create world’s largest online gambling group, with 2009 pro-forma net gaming revenues of €682m, and earnings before interest, tax, depreciation and amortisation of €196m

Financial Times - Companies - Americas Financial Times - Companies - Americas View source archive --> Search this source --> ·Colgate-Palmolive Everyone wants to clean up in emerging markets, but they all can't come out smiling ·Telefónica to pay €7.5bn for Vivo stake Spanish telecoms group confirms an agreement to buy Portugal Telecom out of Vivo, their Brazilian mobile phone joint venture, ending three months of acrimonious wrangling ·Emerging markets lure big exchanges Larger bourses are cross-listing with smaller ones in an effort to increase their businesses ·Condé Nast in Globo tie-up in Brazil Condé Nast has signed a joint venture agreement with Globo, Brazil's largest publisher, to publish glossy magazines such as Glamour and GQ in the country ·Magna investors approve share plan Court to decide on end to dual-share structure, which some shareholders say would give too hefty a premium to the family of Frank Stronach, the company's founder ·Slapped wrist and back to business for Goldman With the SEC's fraud case against Goldman Sachs settled, taxpayers and investors had the right to expect more than this business-as-usual kind of justice ·Zamin weighs up London flotation The Brazilian iron ore company's planned listing, which would likely value the group at $2bn-$2.5bn, comes after Ferrous Resources cancelled its own London offering ·Standard Life rejects £2.9bn Tomkins offer One of the group's leading shareholders believes the offer from a Canadian consortium materially undervalues the business and its prospects ·Pearson reveals £326m Brazil deal UK publishing group is set to fulfil a long-held ambition for substantial expansion into South America after announcing an R$888m deal to buy a division of SEB, a leading Brazilian education company ·Disgraced peer close to gaining his freedom June ruling by the Supreme Court invalidated prosecutors' use of a criminal statute known as the honest services law, which had essentially allowed them to prosecute individuals for not living up to the duties of their office

Financial Times - Companies - US Financial Times - Companies - US View source archive --> Search this source --> ·IASB proposes accounting overhaul for insurers Insurers face a radical shake-up in how they account for their business as the international accounting rule maker proposes new rules that investors say could reduce the insurance industry's cost of capital and boost stock prices ·Wylie theatens broad digital expansion Andrew Wylie, the literary agent whose exclusive deal with Amazon.com last week stunned the publishing world, has threatened a broad expansion of his digital publishing business to include up to 2,000 titles if traditional publishers refuse to improve digital royalties. ·US banks in rush for cheap finance US banks are taking advantage of improving earnings and growing investor demand to raise billions of dollars in debt at low interest rates, a move that could boost the sector's profits ·Citi agrees $75m to settle SEC charges Citigroup agreed to pay $75m to settle Securities and Exchange Commission charges that it failed to disclose to investors more than $40bn in exposure to subprime mortgages ·Exxon shrugs off effect of moratorium ExxonMobil said that the moratorium on new deepwater drilling in the Gulf would have no significant short-term impact on its profits ·CME predicts OTC opacity will remain The world's biggest futures exchange says that banks will continue to trade OTC derivatives in much the same way as they did before the crisis in spite of US reforms ·Rebound in sales and profits at ad groups Advertising agencies report significant improvement in sales and profitability in the second quarter, with both Interpublic and Publicis raising forecasts and beating market expectations ·Sales of Droid boost Motorola profits Motorola, the US mobile phone handset maker, said profits surged in the second quarter, aided by the popularity of its popular Google Android-powered Droid X smartphone ·CME boosted by higher trading volumes CME Group, the US's biggest futures exchange, reported second-quarter earnings ahead of Wall Street's average expectations, as traders protected themselves from market volatility ·Sanofi poised to make offer for Genzyme Chris Viehbacher, left open the option of a $19bn takeover of US biotech company Genzyme as he unveiled second-quarter results for the French pharmaceutical group with earnings up nearly 8%

Financial Times - Companies - Middle East & Africa Financial Times - Companies - Middle East & Africa View source archive --> Search this source --> ·Margin lift offsets sales dip at PZ Cussons Increasing efficiencies from the group's new UK manufacturing facility and a decline in the price of raw materials such as crude palm oil boosted profits ·Tullow to start $10bn Uganda development Completion of the $1.45bn cash acquisition of Heritage Oil's 50% stake in the Lake Albert blocks clears the way for a sale of two-thirds of the project to be split between Total and CNOOC ·Buy-out group's $613m fund for Africa Investors' growing interest in African private equity will be underlined when US-based Emerging Capital Partners announces that it has raised $613m for a fund targeting deals from the Maghreb to the Cape of Good Hope ·De Beers chief to step down after five years Gareth Penny, chief executive, announces plans to step down later this year after the diamond group radically improves its profit performance ·De Beers Zimbabwe is about to change the dynamics of global diamond production ·Monetising microfinance Lending to America's poor was problematic so why should lending to poverty stricken masses elsewhere be any different ·Vibrant Africa beckons investors Global attention turns to Africa where the demographics are stellar, but it is still not an easy market – capital markets are shallow, many stocks are illiquid ·Privatisation benefits African ports Operators apply their know-how to improve efficiency and technology to win customers but investments are still needed to improve landside infrastructure and ease customs procedures ·NTT in $3.2bn deal to buy Dimension Data The Japanese telecoms operator has announced an agreed all-cash deal to buy the South African IT services company ·NTT / Dimension Data Hope again triumphs over experience as Japan's former telecoms monopoly acquires South African IT infrastructure group

Financial Times - Companies - Asia Pacific Financial Times - Companies - Asia Pacific View source archive --> Search this source --> ·Li Ka-shing pays £5.8bn for UK utility EDF Networks has low-voltage electricity distribution networks in the east and south of England, long-term contracts with businesses such as London Underground, Heathrow and Gatwick, and the Channel Tunnel ·KNOC set to complete bid package for Dana Korea National Oil Corporation is close to arranging the loans needed to launch a formal £1.7bn offer for Dana Petroleum as the UK oil explorer battles to convince its shareholders to push for a higher offer ·Sony raises full-year profit forecasts The Japanese electronics and entertainment group reports an unexpectedly strong first quarter marked by robust sales of flat-screen televisions and PlayStation video game consoles ·Chinalco and Rio sign $1.35bn Guinea deal Pact allows the Chinese state-owned miner to buy in to a rich iron ore project in Guinea, in a move that places both mining companies at the centre of multi-billion-dollar scramble for west Africa's iron ore ·US divided on how to tackle Huawei US government agencies charged with reviewing sensitive acquisitions are engaged in a debate over how to handle Huawei, the Chinese software and telecoms equipment-maker viewed with deep scepticism by government security experts ·Aegis bids for Australian agency The media agency is to make its largest acquisition for a decade by offering about £207m for Mitchell Communication Group, Australia's largest media-buying agency ·Panasonic bids for green energy units Japanese electronics group bets on the future of green energy by offering to buy out minority shareholders in two subsidiaries specialising in lithium-ion batteries, solar cells and other environmental technology ·BIS gold swaps mystery is unravelled Deals that sparked fall were 'mutually beneficial' ·Smartphone trend lifts HTC revenues The Taiwanese smartphone maker is emerging as one of the biggest beneficiaries from the growing popularity of smartphones, as it reveals a 58% jump in revenues in the second quarter ·Panasonic: Going green Japanese electronics company is in search of a niche it can dominate

Financial Times - Companies - Europe Financial Times - Companies - Europe View source archive --> Search this source --> ·Li Ka-shing pays £5.8bn for UK utility EDF Networks has low-voltage electricity distribution networks in the east and south of England, long-term contracts with businesses such as London Underground, Heathrow and Gatwick, and the Channel Tunnel ·IASB proposes accounting overhaul for insurers Insurers face a radical shake-up in how they account for their business as the international accounting rule maker proposes new rules that investors say could reduce the insurance industry's cost of capital and boost stock prices ·Results underline strength of Europe's corporate recovery Industrial companies have led the recovery after a crushing fall in earnings last year ·City stockbroker in buy-out KBC Peel Hunt unveiled a long-awaited £74m staff-led buy-out from its Belgian parent company ·Santander's results fail to meet forecasts Spain's largest banking group unveils a slight year-on-year fall in first-half net profits, as bad-loan provisions and a poor domestic market offset solid growth across much of the group ·Stability crucial to US investment, warns Statoil Norwegian oil and gas group warns US authorities that oil companies need a "stable and predictable" regulatory environment if they are to press ahead with investments in the Gulf of Mexico ·VW stuns markets with €1bn jump in profits Europe's largest carmaker more than doubles its second-quarter operating profit and further increases its cash pile ·France Telecom pledges to keep dividend The French telecoms group has committed to maintain its annual dividend for the next three years amid investors' concerns of a shrinking pay-out ·Oaktree in bid to counter Almatis restructuring The US buy-out fund is readying a counter-proposal for a restructuring of the German alumina business, in a last ditch attempt to wrest control from Dubai International Capital ·Digital Sky plans London flotation Digital Sky Technologies, the Russian internet group that has invested in Facebook, is selling up to 25% of its local unit in an initial public offering next year

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