The Lex Column:
*The big squeeze - Although Deutsche Telekom’s horrible share price performance has finally perked up a little in recent months, chief executive Kai-Uwe Ricke looks set to become another high-profile German executive casualty.
*Asian investment banking - Long a land of promise, Asia is starting to look more like a land of profits – at least for investment banks. Last month’s record-breaking initial public offering of ICBC, illustrates the point.
*Floating Fortress - Fortress Investment Group, which began as a private equity house, and now makes over half its profits from hedge funds, is the first alternative asset manager to try a US flotation.
The John Plender on Monday Column:
*Low volatility is comforting but too good to last – Currencies, equities, both ready to turn.
*Huge €uro deficit.
*Underworked non-execs.
The Lead Story of the FT Fund Management Section:
*DJI plans hedge fund ‘clone’ launch.
Further news:
*easyJet (EZJ.L) expected to report 50%-plus rise in profits tomorrow.
*The pace of change in Barclays' (BARC.L) management is surprising others.
The Economic View Column:
*Has MPC decided it is time to act tough?
Smaller Stock to Watch:
*Ensus.
Further news:
*A controversial deal approved by Tony Blair to send a £28-million BAE (BA.L) control system for Tanzania, is being investigated for corruption.
*Defence companies in dog-fight for Ministry of Defence contracts worth £12-billion.
*City scents new market in cash sent home by migrants.
*New broadband setback for Cable & Wireless (CW.L).
The Ruth Lea Personal View Column:
*Switzerland shows how modern Britain should treat EU.
Interview:
*Jean-Pierre Garnier, Chief Executive of GlaxoSmithKline (GSK.L).
Further news:
*Nuclear boss leaves with over £1-million.
*Hedge funds in the driving seat as Amec (AMEC.L) becomes £1.5-billion target.
*Chinese success on AIM points to bright future, according to London Stock Exchange (LSE.L) chief, Clara Furse.
*Storm-tossed minnows may attract attention of predators (Gilat Satcom (GLT.L), Atells, ArthoKinetics, Quantica (QTA.L), Subsea Resources (SUB.L), FirstAfrica Oil (FAO.L)).
*BBC plans to dance around the world with spin-off production.
*Another senior creditor comes out against Eurotunnel's (ETL.L) rescue plan.
*Bradford & Bingley (BB.L) goes back to selling mortgages.
*Ratings agency Fitch warns the UK's biggest banks are likely to see further deterioration in the quality of their unsecured loan and credit card portfolios.
*Standard & Poor's says Europe's largest banks have off-balance sheet liabilities of over £11-billion, as a result of pension fund deficits.
*NTL to meet ITV (ITV.L) shareholders and OFCOM to discuss the £5-billion-plus offer.
*Pressure on Amec (AMEC.L) to clarify bid rumours.
*Gulf-based Dubai Gas has paid £550-million for Centurion Energy International, the Canadian oil and gas company.
*Tesco (TSCO.L) is to temporarily halt the expansion of its convenience store chain in Thailand pending new law.
*According to a study, companies that spend billions of dollars on research and development may be wasting resources.
*David Ross, co-founder of Carphone Warehouse (CPW.L), has formed a joint venture with Morgan Stanley to focus on retail and leisure schemes across the UK.
*Invicta Capital is looking to raise another £100-million to enable rich investors to offset tax liabilities, after it secured the rights to Casino Royale.
*This week Goldman is due to launch its first international trading platform for Europe, which searches out bargains that are not offered publicly on any exchange.
*Harry Lange, manager of Fidelity's flagship Magellan fund, says he would support a decision to reopen it to new investors.
*Global Forests of Australia will announce today its intention to list on AIM.
*The Masdar Clean Tech Fund will be officially launched in London tonight.
*Benugo, the up-market sandwich chain, preparing to float on AIM.
*ACM Shipping to float on AIM next week.
SOME ITEMS THAT COULD INFLUENCE SHARE PRICES
*Four Great British servicemen were killed yesterday by an improvised bomb that exploded as they carried out a river patrol in southern Iraq.
*Iraq's prime minister Nouri al-Maliki is planning to reshuffle ministers in his national unit government.
*The promise of bi-partisan co-operation in Washington after the congressional mid-term elections came under immediate strain yesterday, as the White House squared up to the Democrats over both the US ambassador in the UN and the strategy for Iraq.
*Decline in use of cheques persuades Office of Far Trading to take no action over speed of bank clearing.
*The head of Kohlberg Kravis Roberts' Paris operations has been in talks with French regulators and representatives of other private equity groups in the country over concerns of market manipulation involving false takeover rumours.
*North-South divide starting to close at last, according to a Work Foundation report.
*Government statistics show that exports by the film industry neared £1-billion last year, the highest since records began in 1993.
*UK finance directors have hit out at prospects from the world's biggest accounting firms for a radical overhaul of the way companies communicate with investors.
*Boardroom pay in smaller companies listed on AIM is soaring, according to a survey by Growth Company Investor.
Compiled in association with HB PLC and WH Ireland Ltd
