Global business: Samsung leads in key European markets, Proxy agencie...
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Global Business
Monday July 01 2013
Companies news and analysis - FT.com
Samsung leads in key European markets
Android-based phones account for more than 70% of sales in the top five markets in the region in the three months to the end of May
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/6AUC37/FW/h?a1=2013&a2=7&a3=1
Proxy agencies fail to tick boxes
Not a single response described the role of proxy advisers as very positive in a survey for the third FT/ICSA Boardroom Bellwether survey
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/CWGMHB/FW/h?a1=2013&a2=7&a3=1
Non-US insurers fail to see price falls
Insurers based in Latin America, Asia and Australia miss out on hefty premium declines of as much as 25% that US insurers secured
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/MJ7QAO/FW/h?a1=2013&a2=7&a3=1
Onyx rejects $10bn takeover proposal
Amgen made an all-cash proposal priced at $120 per share, but the board concluded that the valuation 'significantly undervalued Onyx and its prospects'
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/DX85BQ/FW/h?a1=2013&a2=7&a3=1
Kuwaitis see UK infrastructure as priority
The Kuwait Investment Authority makes a fresh commitment to invest $5bn in infrastructure 'mostly in the UK' over the next three to five years
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/FDOW8O/FW/h?a1=2013&a2=7&a3=1
Apple paid no UK corporation tax in 2012
Tax deductions from share awards helped wipe out tax liabilities in move likely to heighten criticism of the US giant after US Senate hearing in May
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/SUKNW0/FW/h?a1=2013&a2=7&a3=1
Barclays' threat on lending under fire
Robert Jenkins, an ex-member of the Financial Policy Committee, criticised the bank's warning as either 'hubris, reflex or plain stupidity' in a letter
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/HICKO2/FW/h?a1=2013&a2=7&a3=1
Chinese banks hit Hong Kong IPO hitch
Smaller commercial lenders planning IPOs likely to be locked out of the market due to little known capital-raising rules on price-to-book ratios
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/JQ2YC6/FW/h?a1=2013&a2=7&a3=1
Oil and gas explorers seek investor favour
Investors have flocked to equity markets since the start of this year but they have shunned oil and gas stocks, from the integrated majors to the explorers
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/YG9TEN/FW/h?a1=2013&a2=7&a3=1
Pandora finds an audience on Wall St
Analysts' upgrades come despite fierce criticism by Pink Floyd and industry executives – though its co-founder insists they want to pay artists more
http://link.ft.com/r/XYEWFF/HIBP90/XTKJOM/VLPF3M/YG9TE4/FW/h?a1=2013&a2=7&a3=1
In depth - FT.com
Libor scandal
Austerity Europe
Great tax race
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