Europe Morning Headlines: Consumer groups turn screw on agencies, God’s new ba...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/YIQXNN/DXBS4X/E5UCMH/KEOMFH/   Europe morning headlines Friday May 31 2013 Financial Times - Europe homepage   Consumer groups turn screw on agencies Mondelez and P&G are increasingly relying on social media instead of traditional agencies to directly communicate with consumers http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/6A3DWZ/OS/h?a1=2013&a2=5&a3=31   God's new banker brings Teutonic rigour To mend IOR's reputation as a haven for organised crime and corrupt Italian officials, Ernst von Freyberg has started checking every account, one by one http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/EKGR91/OS/h?a1=2013&a2=5&a3=31   Brussels throws 'grenade' with benefits case European Commission challenges the UK's policy of making non-UK nationals from other EU states take an additional test to qualify for benefits http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/1OS5ZV/OS/h?a1=2013&a2=5&a3=31   Merkel party allies accuse Hollande of shaking EU Merkel's allies criticise Hollande after the French president says it is not for the European Commission to dictate the pace of reform in France http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/T1X08Z/OS/h?a1=2013&a2=5&a3=31   P&G lines up potential Lafley successors Group plans a management reshuffle that will create four key new jobs for executives likely to be in the running to eventually lead the company http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/XBIACZ/OS/h?a1=2013&a2=5&a3=31   Markets   Asian shares recover after US data Investor sentiment boosted as first-quarter GDP is revised downwards, helping to ease fears that Federal Reserve could taper off its bond buying programme http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/87UIKK/OS/h?a1=2013&a2=5&a3=31   Spanish banks up sovereign bond holdings Steep increase, shown in official data, helps explain why Spanish government bond yields, which move inversely with prices, continue to tumble http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/T1X08X/OS/h?a1=2013&a2=5&a3=31   Private equity squirrels away payouts Pace of so-called "dividend recapitalisations" has accelerated this year, with €2.3bn worth of debt-funded dividends paid out mainly to sponsors http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/EKGR9O/OS/h?a1=2013&a2=5&a3=31   US stocks rise despite downbeat data The S&P 500 rose 0.4 per cent to 1,654.41, as disappointing US data contradicted other signs that the US economy was steadily improving http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/6A3DWQ/OS/h?a1=2013&a2=5&a3=31   Coffee slides on Brazil supply concern Arabica coffee prices are down almost 60 per cent from their peak hit in May 2011 and almost 24 per cent over the past 12 months http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/K9V136/OS/h?a1=2013&a2=5&a3=31   World News - latest world news headlines - FT.com   Assad says Russia to honour arms deals Syria's president says in a television interview that Russia is fulfilling its agreement to deliver an S-300 air defence missile system http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/JQCUN2/OS/h?a1=2013&a2=5&a3=31   Battle ahead to relax Swiss banking law Switzerland's parliament is due to vote on resolving a dispute with the US, but there is so far little indication that the legislation commands a majority http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/MJATU2/OS/h?a1=2013&a2=5&a3=31   Data show Japan remains mired in deflation Factory output picked up in April but consumer prices continued to fall and manufacturers forecast further weakness ahead http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/3CRWMS/OS/h?a1=2013&a2=5&a3=31   Hagel calls for cyber security rules Defence secretary Chuck Hagel says cyber threats pose an 'insidious' danger to the US and other nations and calls for 'rules of the road' as he prepares to address defence ministers in Singapore http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/IE0PFJ/OS/h?a1=2013&a2=5&a3=31   Offshore wealth grows despite crackdown Robust health of offshore industry is likely to fuel dispute over role of tax havens already under pressure from governments struggling with deficits http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/WHY20G/OS/h?a1=2013&a2=5&a3=31   Europe News - latest Europe news headlines - FT.com   Marchionne's influence is key While Fiat no longer has that hold on Italian lawmakers as it once did under Gianni Agnelli, the group remains a touchstone for domestic business http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/HIO3R1/OS/h?a1=2013&a2=5&a3=31   UK faces court over EU migrant benefits Iain Duncan Smith has vowed to fight legal action, launched by Brussels, which says the benefits system discriminates against non-British EU nationals http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/IE0PFC/OS/h?a1=2013&a2=5&a3=31   Brussels gains more power over EU borders Schengen area countries that try to limit travel without approval will face legal action but states will retain power to reintroduce border controls http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/WHY20V/OS/h?a1=2013&a2=5&a3=31   A race between growth and populism Italy's prime minister is right to warn that the biggest winners in next year's European elections could be anti-Europeans of left and right http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/LS2LPU/OS/h?a1=2013&a2=5&a3=31   European companies   Telecom Italia Restructuring at the indebted telecom company has edged forward with a fixed-line network spin-off, but investors in should not get too excited http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/52NK41/OS/h?a1=2013&a2=5&a3=31   Snoozebox investors in £10m injection Money needed to carry out the portable hotel provider's contracts this summer after problems of recent months, says executive chairman http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/GY6NJP/OS/h?a1=2013&a2=5&a3=31   Coalition and EDF close on nuclear deal The two sides have reached 'consensus' that a contract for the plant's power will last for 35 years, according to a person familiar with the talks http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/4VFX5X/OS/h?a1=2013&a2=5&a3=31   Hearing marks culmination of a two-year investigation Hearing in front of regulator marks culmination of a two-year investigation into the stakebuilding by LVMH in Hermès, maker of Kelly and Birkin bags http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/DXBJQL/OS/h?a1=2013&a2=5&a3=31   Fiat's plan sparks sense of loss in Italy Italian carmaker cannot counter the recession and high unemployment that has left the country with a feeling of national malaise http://link.ft.com/r/YIQXNN/9MRKT0/KEOMFH/NJEVHO/6A3DW4/OS/h?a1=2013&a2=5&a3=31   Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. 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