PRESS DIGEST – Financial Times – July 8

The Financial Times

EU BACKS CRACKDOWN ON BANK BONUSES

EU lawmakers approved tough new rules to limit the up front
cash element of bankers’ bonuses to between 20 and 30 percent,
in a bid to curb excessive risk taking.

http://www.ft.com/cms/s/0/6f7788da-89aa-11df-9ea6-00144feab49a.html

MINISTER TO URGE SUPPLIERS TO REDUCE PRICES

Britain’s cabinet office minister is set to ask companies
that supply their services to the government to reduce their
prices, as the coalition cuts spending.
http://www.ft.com/cms/s/0/1e7057f8-8a01-11df-bd30-00144feab49a.html

EU TAKING SEARCH ENGINE COMPLAINTS SERIOUSLY

Internet search services will face close scrutiny, the EU’s
competition chief said, raising speculation of a probe into
Google after allegations of anti-competitive behaviour.

http://www.ft.com/cms/s/2/e2e24334-89e9-11df-bd30-00144feab49a.html

AMAZON TO MUSCLE IN ON OCADO’S TERRITORY

U.S online retailer Amazon (AMZN.O: ) is to start selling
groceries over the Internet, setting up competition for Ocado
that plans to complete an IPO by the end of July.

http://www.ft.com/cms/s/0/9035495e-89fa-11df-bd30-00144feab49a.html

CONSORTIUM PLANS LEVERAGED BUY-OUT OF ABERTIS

La Caixa and ACS (ACS.MC: ), controlling shareholders in
Spain’s Abertis (ABE.MC: ), have secured 5.3 billion euros to
finance a leveraged buy-out of the motorway group with private
equity firm CVC.

http://www.ft.com/cms/s/0/5e7ec2f4-8a0f-11df-bd30-00144feab49a.html

RECRUITERS SET THEIR SIGHTS ON STATE TALENT

The private sector is eyeing skilled public sector workers
to help stem a shortage of skilled professionals, the head of
Robert Walters recruitment agency said.

http://www.ft.com/cms/s/0/a2925686-8992-11df-9ea6-00144feab49a.html

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – July 8