PRESS DIGEST – British business – Dec 10

The Times

FORMER LADBROKES BOSS LEADS GALLOP FOR THE POST AT THE TOTE

The former chief executive of Ladbrokes (LAD.L: ) is being
tipped as a frontrunner in the race to buy the Tote after
saddling up with partners prepared to back a bid of at least 200
million pounds ($314.8 million).

MOTHERCARE NURSES EXPANDING AMBITION

Baby-clothing company Mothercare (MTC.L: ) has ramped up its
international expansion drive by pledging to double sales and
accelerate overseas store openings.

The Daily Telegraph

ICELAND DEAL FOR 2 BLN POUND FINALLY SETTLED WITH UK
TREASURY

Iceland has agreed to start repaying the 2.3 billion pounds
it owes Britain from 2016 following the failure of its Icesave
bank two years ago.

BANK BONUSES FACE NEW CURB FROM EUROPE

European regulators are set to tether banker bonuses to the
level of basic salaries in a move that could deal the most
severe blow yet to the culture of multi-million pound pay-outs.

The Independent

RECORD LOW FOR HMV SHARES AFTER SALES DIVE

HMV group (HMV.L: ) has posted a worse-than-expected
first-half loss of more than 40 million pounds after sales
plummeted at its high-street entertainment chain, sending its
shares down.

MULBERRY HAS INTERNATIONAL GROWTH PLANS IN THE BAG

Luxury brand Mulberry (MUL.L: ) is to press ahead with its
international expansion plans after a surge in half-year sales
and profits.

The Guardian

CAMPAIGNERS CONDEMN ‘SOFT’ BANKING LEVY

The British government was accused of going soft on bankers
yesterday after announcing details of its 2.5 billion pound a
year levy on the banking industry (Read more about the banking industry recovery.), part of a wide-ranging
package of tax measures that will also have an impact on
companies and pensioners.

FACEBOOK’S ZUCKERBERG TO GIVE AWAY MOST OF HIS WEALTH

Facebook founder Mark Zuckerberg has joined the band of
billionaires who have pledged to give the majority of their
wealth to charity.

(Summary compiled by Reuters)

PRESS DIGEST – British business – Dec 10