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The Press Roundup

Thursday, 26th April 2012
A brief summary of Thursday's main business headlines... Extensive coverage of UK's double dip, Ford strikes, Sports Direct bonus, Glaxo.....

FINANCIAL TIMES

Fed sees economy recovering gradually - Projections improve for jobs and GDP

Osborne holds fast despite double dip - Deficit reduction plan will stay as economy slips into recession

Asian markets firm after Fed statement - Shares rise on hopes of further US economic stimulus

Draghi calls for Europe �growth compact� - ECB chief scales back his hopes of economic rebound

Italian companies are forced into board shake-ups - New law to tackle culture of cross-shareholdings

EU agrees to open IMF talks with Hungary

Eni and Rosneft to explore Russian Arctic

Emerging markets drive sales surge at PPR

Siemens cuts earnings forecasts

Sharp improvement for Credit Suisse

US banker pleads guilty to China bribes - Ex-Morgan Stanley adviser allegedly split $1.8m with official

Bo�s brother quits China Everbright board - Political crisis spreads to businesses related to clan

GE suffers activist shareholder revolt - Board survives investors� call for more control

Flowers leaves US for London berth - Veteran financier backs Europe opportunities with move

Vale profits tumble as China slows

Exxon and Chevron raise dividends

China sales fall short of Caterpillar forecasts

Mexico launches Walmart investigation

Lex Column: US telecoms: strolling not Sprinting - Sprint�s growth remains dull � which, with ATT�s and Verizon�s greyish results, paints a dreary picture

UK�s double-dip - Even in the 1930s, the economy had made good all of its losses by this point

Credit Suisse - Apart from cost cutting there was little comfort for investors in chief executive�s pep talk

Industrial complex - Europe�s capital equipment makers get that sinking feeling

Italian reforms: question of loyalties - Board executives put on the spot under a law aimed at unravelling web of cross shareholdings

LG Electronics: sales growth shortfall - Not quite the back-to-black story the South Korean tech giant is promoting

THE TIMES

We put clients first: Goldman chief launches the fightback

Ford workers face first strikes in nearly 40 years

Sports Direct founder in line for a £23m bonus

US retail giant faces inquiry over Mexico permit bribes

DAILY TELEGRAPH

Cameron says won't swerve from austerity as UK back in recession

Brussels to relax 3pc fiscal targets as revolt spreads

Sarkozy promises referendum on fiscal pact

RBS 'may lose £20bn of its value' after reforms

US taxpayers 'won't make profit from TARP'

Diamond's remuneration 'out of order'

Staff can be made to retire in 'public interest'

US judge 'leaning' towards approving BP's oil spill settlement

Graduate job adverts could be outlawed after ruling

Premier Foods urges shoppers to 'buy British'

Airlines 'not interested' in Stansted and Gatwick

Sports Direct seeks bigger windfall for Ashley

Ex-Healthcare Locums chairman denies 'sexual impropriety'

Glaxo says it's 'compelling owner' of HGS as sales disappoint

Talk of Italian retreat fuels Kesa Electricals

Questor: AB Foods issues sweet interims - Hold

THE INDEPENDENT

UK in recession: Where is Osborne's Plan B?

Britain's bosses tell the ONS: it's bad, but not a recession

Double dip has arrived � and Osborne is running out of escape routes

City applauds bigger bonus at Sports Direct

Johnston Press gives up more shares to banks in £393m refinancing

US Fed keeps rates low amid signs recovery is slowing

Management jobs go as HSBC cuts 2,000 from UK workforce

BAA fears Olympic security logjam

Virgin says Usain Bolt is boosting sales

Buy British says the maker of Hovis and Oxo

Market Report: Kesa feels pressure to pull plug on Italian division

THE GUARDIAN

UK economy sinks into double-dip recession

Ford faces first strike threat since 70s

Royal Mail chief executive says rivals need tough conditions imposed

Bernanke cautious over US economy

GlaxoSmithKline shares slide after disappointing first quarter

RBS boss Stephen Hester hits back at the 'hostile commentariat'

Sports Direct's Mike Ashley set for £23.4m in shares

Virgin Media Q1 results beat forecasts

Capital Shopping Centres investors rebel over pay

DAILY EXPRESS

RBS shares will have to hit 500p for the Government to make a profit

Sports Direct boss Mike Ashley�s £24m bonus

GlaxoSmithKline hits out at Human Genome Sciences

Virgin sprints ahead with hand from Olympic star

Buy British to save jobs, says Premier Foods boss Michael Clarke

Story provided by StockMarketWire.com


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