PRESS DIGEST – Financial Times – Sept 7

The Financial Times

DIAMOND TO BE NEW HEAD OF BARCLAYS

Barclays (BARC.L: ) is set to appoint Bob Diamond as its next
chief executive in a shake-up at the British lender. He will
take over from John Varley at the group’s annual meeting in
March.
http://www.ft.com/cms/s/0/a7aae28e-ba0a-11df-8804-00144feabdc0.html

BREAK-UPS NOT THE KEY, BANK INDUSTRY SAYS

The British Bankers’ Association said the government’s
Commission on Banking should back away from considering a
break-up of the country’s top lenders and focus instead on
high-street competition.
http://www.ft.com/cms/s/0/a7aae28e-ba0a-11df-8804-00144feabdc0.html

HURD NAMED CO-PRESIDENT OF HURDLE

Mark Hurd is set to become co-president of Oracle (ORCL.O: ),
the world’s largest software maker, only a month after he was
ousted from his role as Hewlett-Packard (HPQ.N: ) chief for
breaching the company’s code of conduct.
http://www.ft.com/cms/s/2/6293b112-ba0a-11df-8804-00144feabdc0.html

FLAT HIRING RATE CASTS DOUBTS ON RECOVERY

Employers expect the rate of recruitment for the rest of the
year to remain “static”, highlighting fears about the momentum
of economic recovery.
http://www.ft.com/cms/s/2/6293b112-ba0a-11df-8804-00144feabdc0.html

BC PARTNERS OFFERS DISCOUNT ON LATEST FUND

BC Partners [BCPRT.UL], the private equity group, is
offering investors in a 5.01 billion pound ($7.69 billion) fund
a discount of 5 percent off its fees, indicating a general shift
in the balance of power towards investors.
http://www.ft.com/cms/s/0/c6d02596-b9e4-11df-8804-00144feabdc0.html?ftcamp=rss

TORIES RALLY BEHIND PM’S MEDIA CHIEF

David Cameron’s media chief, Andy Coulson, said he will talk
to police over new allegations of telephone hacking at newspaper
News of the World, as the prime minister rallied to his side.
http://www.ft.com/cms/s/0/c6d02596-b9e4-11df-8804-00144feabdc0.html?ftcamp=rss
(Summary compiled by Reuters)
($1=.6511 Pound)

PRESS DIGEST – Financial Times – Sept 7