PRESS DIGEST – Financial Times – April 1

IRISH BANKS NEED 24 BLN EUROS AFTER STRESS TESTS

Ireland’s banking sector will need 24 billion euros in
additional capital, pushing the total cost of the government’s
rescue to about 70 billion euros.
http://www.ft.com/cms/s/0/e0d395f8-5bbb-11e0-b8e7-00144feab49a.html#axzz1HplsFhRX

GUY HANDS TO SELL ODEON CINEMA CHAIN

Guy Hands’ private equity firm Terra Firma [TERA.UL] is in
talks with BC Partners [BCPRT.UL] over the sale of the Odeon &
UCI cinema chain for 700 million-1 billion pounds.
http://www.ft.com/cms/s/0/34bdeaac-5bc0-11e0-b8e7-00144feab49a.html#axzz1HplsFhRX

KRAFT CHIEF GETS $2.1MLN PAY-OUT

The chairman and chief executive of Kraft (KFT.N: Quote, Profile, Research), Irene
Rosenfeld, has collected a $2.1 million cash award despite not
meeting her financial incentive targets last year.
http://www.ft.com/cms/s/0/f19bb0d6-5bdf-11e0-bb56-00144feab49a.html#axzz1HplsFhRX

ALLY FINANCIAL UNVEILS $5BLN FLOTATION

Mortgage and auto lender Ally Financial said it is planning
an initial public offering that will see the U.S. Treasury
reduce its 74 percent stake in a $5 billion flotation.
http://www.ft.com/cms/s/0/f2a1bb64-5bbd-11e0-b8e7-00144feab49a.html#axzz1HplsFhRX

HOLLYWOOD STUDIOS AGREE PAY-TV DEAL

Four of Hollywood’s biggest movie studios have agreed to
make their films available on pay-television two months after
their release at the cinema.
http://www.ft.com/cms/s/0/968f2d0e-5be8-11e0-bb56-00144feab49a.html#axzz1HplsFhRX

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – April 1