In today's FT: UK companies failing to meet cyber threat, Anaemic d...


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Financial Times
In today's FT
Monday July 01 2013

UK Homepage
 
UK companies failing to meet cyber threat
Just 21% of FTSE 350 company secretaries said they had identified their key information assets and mitigated the risk of cyber crime
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/4V3ODB/ID/h?a1=2013&a2=6&a3=30
 
Anaemic data raise China growth fears
Manufacturing data shows that the country's growth slowdown has deepened as the government refrains from stimulating the sluggish economy
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/DX85FG/ID/h?a1=2013&a2=6&a3=30
 
Three dead as anti-Morsi protests swell
Despite the military's abuses and mistakes, many Egyptians now say they prefer its rule over the domination of the Brotherhood and its Islamist allies
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/7Z1VED/ID/h?a1=2013&a2=6&a3=30
 

Financial Times - US homepage
 
EU demands answers over US bug claims
A transatlantic row over surveillance has worsened over claims the US bugged EU offices with new revelations compounding Europe's concerns
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/JQ2YTQ/ID/h?a1=2013&a2=6&a3=30
 
Pandora upbeat on iTunes radio challenge
Internet radio group focused on personalised playlists and in-car technology ahead of crucial industry meeting over disputed artist royalty payments
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/MJ7QB0/ID/h?a1=2013&a2=6&a3=30
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/B4B7JY/ID/h?a1=2013&a2=6&a3=30
 

Financial Times - Europe homepage
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/CWGMRY/ID/h?a1=2013&a2=6&a3=30
 
Norway's opposition mulls oil fund split
Finance spokesman for the Conservatives says he is keen to maintain a broad political consensus around the oil fund and how to spend its money
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/PN4J6D/ID/h?a1=2013&a2=6&a3=30
 
Investors move out of cash and into bonds
'Great rotation' out of bonds and into equities forecast by some analysts fails to materialise in first half of year, says Goldman survey
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/A5HZSJ/ID/h?a1=2013&a2=6&a3=30
 

Financial Times - Asia homepage
 
Japanese business sentiment turns positive
The Bank of Japan's quarterly Tankan report shows that the key measure of business confidence among large manufacturers rose to plus 4 from minus 8 in March
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/Z8SH5F/ID/h?a1=2013&a2=6&a3=30
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/52P0YF/ID/h?a1=2013&a2=6&a3=30
 
Expectations high as Carney takes over BoE
The political hype started when George Osborne named Mr Carney as the new governor, calling him "the outstanding central banker of his generation"
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/HICKUX/ID/h?a1=2013&a2=6&a3=30
 

World News
 
Syrian regime attacks Homs rebel areas
Several episodes of bombardment have failed to prevent the rebels from having a presence in some of the city's neighbourhoods
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/B4B7J1/ID/h?a1=2013&a2=6&a3=30
 
US immigration reform faces House hurdle
Republican-dominated House would allow unauthorised residents to become legal, but no more, says the chairman of the House judiciary committee
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/HICKUH/ID/h?a1=2013&a2=6&a3=30
 
China tightens security in restive Xinjiang
Troops have started round-the-clock patrols in the region ahead of the July 5 anniversary of the 2009 riots between local Uighurs and Han Chinese migrants
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/VTIUZ1/ID/h?a1=2013&a2=6&a3=30
 
Obama in $7bn Africa power initiative
Deficit of power generation in African nations is one of the critical infrastructure constraints hampering development and stymying investment into the continent
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/K9AIT1/ID/h?a1=2013&a2=6&a3=30
 
Move to lower treatment threshold for HIV
An additional 16m people should be given access to antiretroviral therapy, under new treatment guidelines released over the weekend
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/20F8XB/ID/h?a1=2013&a2=6&a3=30
 

Companies news and analysis - FT.com
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/K9AITA/ID/h?a1=2013&a2=6&a3=30
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/IEVD11/ID/h?a1=2013&a2=6&a3=30
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/T1D3VS/ID/h?a1=2013&a2=6&a3=30
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/MJ7QB1/ID/h?a1=2013&a2=6&a3=30
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/XBQLMG/ID/h?a1=2013&a2=6&a3=30
 

Markets
 
Barrick delays Andes mine construction
Initial analysis suggests mine would take an after-tax asset impairment charge of up to $5bn in the second quarter for the project
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/Q3WR0N/ID/h?a1=2013&a2=6&a3=30
 
Economic Outlook: Host of manufacturing data out
Figures from reports and surveys will feed into decision-making for several central banks, which meet to make interest rate decisions this week
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/VTIUAN/ID/h?a1=2013&a2=6&a3=30
 
Money to be made by forensic accounting
Aggressive accounting and earnings management may be quite legal, but when companies use them, it is a great sign that they are running into trouble
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/EK64NF/ID/h?a1=2013&a2=6&a3=30
 
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/LVA6WW/VT4V8G/OJ2XU6/08H1P0/GY0XUE/ID/h?a1=2013&a2=6&a3=30
 
India's jewellers frontline in gold battle
Government wants Indians to stop buying gold as it battles with a current account deficit and weakening currency, but its efforts are being ignored
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/FDOW31/ID/h?a1=2013&a2=6&a3=30
 

Financial Times - Comment
 
Obama's Africa trip is too little, too late
China-Africa trade has shot up more than tenfold since 2000 to just under $170bn in 2012 and now stands at twice the level of US-Africa trade
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/20F8XQ/ID/h?a1=2013&a2=6&a3=30
 
Croatia proves Brussels helps the Balkans
None of this is to say that positive things would not happen without the EU; but the fact is that the EU accelerates the process
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/20F8XN/ID/h?a1=2013&a2=6&a3=30
 
Banking is having its Spotify moment
Banks are the primary intermediaries of finance, so margins will fall unless they reinvent what they offer their customers and how they work
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/20F8K8/ID/h?a1=2013&a2=6&a3=30
 
EU will regret not having a banking union
The trouble is that banks have become more national since the crisis. They are the buyers of last resort of their home countries' national debt
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/NRM9G6/ID/h?a1=2013&a2=6&a3=30
 
A highly personalised prescription
A persuasive study of Singapore's cost-effective medical system. Sarah Neville reviews 'Affordable Excellence', by William A Haseltine
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/OF5S6P/ID/h?a1=2013&a2=6&a3=30
 

Financial Times - Management
 
John Mackey, Whole Foods Market
The 'father' of the natural food retailer explains why his sense of purpose as a visionary pragmatist is strengthening with age
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/3CN6KL/ID/h?a1=2013&a2=6&a3=30
 
The buzz of hot-desking in a coffee shop
A 'tall' cup of beige milk comes with an unlimited side order of table, chair, WiFi and electricity – but my back is killing me
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/Z8SH5R/ID/h?a1=2013&a2=6&a3=30
 
Firework display designer
Hayley Maddin dreams up memorably explosive events set to music – some costing thousands of pounds – for birthdays, weddings and the BBC
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/JQ2YLC/ID/h?a1=2013&a2=6&a3=30
 
How to cope with big personal issues
Telling someone at work about a bereavement, illness or divorce is generally sensible but think carefully about who to tell and how you express it
http://link.ft.com/r/LVA6WW/VT4V8G/OJ2XU6/08H1P0/1ORGWZ/ID/h?a1=2013&a2=6&a3=30
 
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