Press Round-up – February 13

February 13, 2012

Tax evasion probe hits more City staff
The tax evasion case that saw four Royal Bank of Scotland staff members arrested, has hit at least two more banks, a stock brokerage and a wealth management firm.  Documents seen by the Daily Telegraph suggest alleged offences relate to illegal use of film finance to evade paying income and other taxes. (Telegraph)

Private contractors to build and run a UK police station
G4S, the world’s largest security company, has won the first contract in Britain to build and staff a police station. (FT)

Bombardier renews rail threat
The Canadian owners of Bombardier renewed threats to shut down its last remaining train factory in Britain unless it wins next big government train contract. (FT)

Stelios ‘isolated’ as EasyJet board sees backing for bonus
Easyjet believes it has isolated Sir Stelios Haji-Ioannou, company founder and major shareholder, in a row over the executive pay report at the airline. Easyjet expects major investors to join Standard Life Investments, M&G and Sanderson Asset Management in supporting its pay plans. (Telegraph)

Pizza Hut likely to be sliced up
Potential bidders for Pizza Hut’s British arm are focusing on ways to buy the company without its near 100 loss-making restaurants. The Times said the auction of Pizza Hut UK has attracted turnaround specialists. (Times)

Murdoch hit by new legal fight in U.S.
Mark Lewis, the lawyer who became a minor celebrity for his role in exposing the scale of phone hacking at British paper News of the World, said he was in advance stage of bringing his first case against Rupert Murdoch’s News Corp in United States. (Independent)

Lotus applies brakes to sale rumours
Proton, the Malaysian owners of Lotus Cars, dismissed rumours that it is about to sell the glamorous motoring brand once associated with James Bond movies.  (FT)

Hiring spree for bullish Dyson
British engineering business Dyson plans to hire 300 new employees to boost expansion plans. (FT)

Cevian builds up stake in Cookson
Activist hedge fund Cevian, chaired by Lord Myners, has become the largest shareholder in Cookson, a British industrial materials business. (FT)

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