In today's FT: Sheikh in Barclays rescue sells stake, Sports Direct...


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Financial Times
In today's FT
Friday July 19 2013

UK Homepage
 
Sheikh in Barclays rescue sells stake
The sale underlines the steady recovery of Barclays' fortunes with the resurgent share price and recovering profitability
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/87TYOC/28/h?a1=2013&a2=7&a3=18
 
Sports Direct staff to share £140m bonus pool
Retailer's 40% rise in annual profits comes on the back of demand for clothing related to last year's London Olympics and the European football championship
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/HIVN4D/28/h?a1=2013&a2=7&a3=18
 
Osborne to slash shale gas production tax
Energy businesses will be told to provide at least £100,000 of community benefits for each well drilled by the 'fracking' industry
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/IE234M/28/h?a1=2013&a2=7&a3=18
 

Financial Times - US homepage
 
Google suffers amid ad pricing pressure
A 6% drop in the price of each ad clicked came after Google introduced a new ad system designed to help advertisers build more campaigns on mobiles
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/HIVN5R/28/h?a1=2013&a2=7&a3=18
 
Detroit files for bankruptcy as it tries to tackle $18bn debt
Detroit is being watched for clues on how a heavily indebted municipality can regain its financial footing, as it files for Chapter 9 bankruptcy
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/1OFMLD/28/h?a1=2013&a2=7&a3=18
 
PC and Surface tablet woes hit Microsoft
'We know we need to do better,' said Amy Hood, chief financial officer, as it reported a 6 per cent fall in revenues from Windows PC operating system
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/52UXGL/28/h?a1=2013&a2=7&a3=18
 

Financial Times - Europe homepage
 
Dell delays vote as investors shun deal
The development sets up final showdown with angry shareholders as Michael Dell tries to salvage deal he proposed nearly a year ago
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/T1YOJD/28/h?a1=2013&a2=7&a3=18
 
Meiji Yasuda to take stake in Thai Life
Transaction worth Y70bn is the latest foreign investment by a Japanese company in the sector as domestic market continues to shrink
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/LS71KI/28/h?a1=2013&a2=7&a3=18
 
Nine big insurers face tighter regulation
'Global systemically important financial institutions' selected by Financial Stability Board include Allianz, AIG, Axa and Ping An Insurance
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/NR5TY3/28/h?a1=2013&a2=7&a3=18
 

Financial Times - Asia homepage
 
Huawei spies for China, claims ex-CIA head
Huawei shared with the Chinese government details of foreign telecommunication networks, according to a former CIA chief
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/EKOJZR/28/h?a1=2013&a2=7&a3=18
 
CR Power refutes corruption allegations
Journalist accuses parent company chairman and other executives of intentionally overpaying for three coal mines bought by its subsidiary in 2010
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/ULI0R9/28/h?a1=2013&a2=7&a3=18
 
Vivendi spurned $8.5bn Universal bid
The offer, premised on the idea that music is some of the most heavily consumed content on mobile devices, values Universal at $2bn to $3bn above most analyst estimates
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/JQAPWP/28/h?a1=2013&a2=7&a3=18
 

World News
 
UN condemns Italy on deportations
The expulsion of a Kazakh dissident's family amounted to 'extraordinary rendition', say human rights experts about a case threatening Rome's coalition
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/ULI0FP/28/h?a1=2013&a2=7&a3=18
 
Navalny sentenced to five years in jail
Alexei Navalny's trial has been criticised as a politically motivated attempt to keep the anti-Kremlin blogger from standing for office
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/NR5TY0/28/h?a1=2013&a2=7&a3=18
 
Outcry shakes Kremlin's mantra of repression
Soviet-era tactics usually still work in Russia, but this sentence could spark a new bout of demonstrations against President Putin
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/B4GQV8/28/h?a1=2013&a2=7&a3=18
 
China imposes duties on US and S Korea
China has issued anti-dumping duties for imports of polysilicon, further escalating trade tensions that have hit solar panel industry
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/3C34HR/28/h?a1=2013&a2=7&a3=18
 
Chevron managers jailed in Indonesia
Two environmental managers, Endah Rumbiyanti and Kukuh Kertasafari, jailed on corruption charges in controversial case that has spooked investors
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/T1YOR1/28/h?a1=2013&a2=7&a3=18
 

Companies news and analysis - FT.com
 
High-stakes battle for Dell reaches the final test
But with shareholders rejecting the $13.65 a share that is currently on the table, the bluff has now officially been called
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/GYCFM3/28/h?a1=2013&a2=7&a3=18
 
Abu Dhabi quietly cashes out of Barclays
The exit of Abu Dhabi investors from Barclays has happened with far less fanfare than their dramatic arrival almost five years ago
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/3C34HF/28/h?a1=2013&a2=7&a3=18
 
Belgian pharma group in China probe
UCB confirmed it had been inspected this week by the State Administration for Industry and Commerce, one of several antitrust regulators
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/CW892R/28/h?a1=2013&a2=7&a3=18
 
Investigators urge Dreamliner transmitters be disabled
Air Accidents Investigation Branch says the US FAA should take action to make 'inert' the emergency locator transmitters on all Dreamliners
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/9MHIC5/28/h?a1=2013&a2=7&a3=18
 
Blackstone eyes shopping centres IPO
The Brixmor Property Group portfolio includes 522 shopping centres, usually anchored by grocery stores or discount retailers such as T.J. Maxx
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/20N5TQ/28/h?a1=2013&a2=7&a3=18
 

Markets
 
Markets rally as US debt outlook lifted
Moody's raised its outlook from negative to stable on the US triple A rating citing improvements in the country's economy and budget deficit
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/T1YOJY/28/h?a1=2013&a2=7&a3=18
 
ECB to accept more ABS as collateral
Bank says it will in future accept asset-backed securities with a lower credit rating and at a lower haircut than it has previously
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/DX6SAA/28/h?a1=2013&a2=7&a3=18
 
Indonesia faces big value chain obstacles
Analysts love to trumpet a young population whose demand will propel the Indonesian economy. However, Indonesia's circumstances are neither that simple nor so rosy
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/K9ZUXN/28/h?a1=2013&a2=7&a3=18
 
US crude oil rallies to 16-month high
WTI has risen by almost 17% from its recent low on June 24, and the US benchmark's rally means that its discount to Brent has narrowed further
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/Q3XGQ0/28/h?a1=2013&a2=7&a3=18
 
Record junk bond refinancing wave looms
Few are concerned yet, but lower-rated, riskier companies with high debt burdens will suffer when interest rates rise, said Chetan Modi at Moody's
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/T1YOJS/28/h?a1=2013&a2=7&a3=18
 

Financial Times - Comment
 
Italy must throw out its racist politics
The country, which on many levels is as cultured as any, is stranded a generation or more in the past when it comes to gender and racial equality
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/3C34HQ/28/h?a1=2013&a2=7&a3=18
 
German fear of past jeopardises Europe
With the era of US largesse over, the onus on Berlin is to show whether it can accept the responsibilities of leadership
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/PNWBQF/28/h?a1=2013&a2=7&a3=18
 
Safety laws can do more harm than good
Don't point the finger at the retail brands when the blame falls squarely on the Bangladeshi owners of the garment factories
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/3C34H5/28/h?a1=2013&a2=7&a3=18
 
The world can learn from the US recovery
For world growth to be sustainable, other G20 nations must pursue macroeconomic policies that increase domestic demand and employment
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/NR5TYA/28/h?a1=2013&a2=7&a3=18
 
The UK needs a sovereign wealth fund
The Treasury has the power to tax and transfer wealth to future generations and can make informed trades for them
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/JQAPWH/28/h?a1=2013&a2=7&a3=18
 

Financial Times - Management
 
Fluctuations in the cycle business
Former Tour de France winner Greg LeMond is one of a number of athletes to use their knowledge, grit and experience to turn to business
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/LS71KD/28/h?a1=2013&a2=7&a3=18
 
The right fit with the new in-betweeners
If you want a tablet you can just about squeeze into a jacket pocket or small bag, the 8in Galaxy Tab 3 deserves to be at the top of your list
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/YGSAPY/28/h?a1=2013&a2=7&a3=18
 
Regulators boo when encore is another gig
Kanye West's 'one-off' show hit a sour note with the Advertising Standards Authority when it became a 'three-off' with two more dates quickly added
http://link.ft.com/r/2SRI11/06IRNX/WLXS67/XBLJCB/IE234J/28/h?a1=2013&a2=7&a3=18
 
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