Press Round-up – March 1

March 1, 2012

50p tax rate is delaying UK recovery, say businesses
The 50 pence higher rate of income tax is “damaging the economy” and delaying the recovery from recession, more than 500 entrepreneurs and business owners warn on Thursday. (Telegraph)

Shareholder warns Murdoch will lose BSkyB position
One of BSkyB’s biggest investors has warned that James Murdoch’s exit from News International suggests he will soon lose his position as chairman of the pay-TV broadcaster. (Telegraph)

Bernanke strikes downbeat tone
Ben Bernanke struck a downbeat tone on the health of the U.S. economy – in spite of an upward revision of growth in the fourth quarter of 2011 – leaving it unclear whether the Federal Reserve would further ease monetary policy. (FT)

IAG head urges rethink on third runway at Heathrow
The head of International Airlines Group, parent of British Airways, has challenged ministers to have the “political balls” to reconsider the case for allowing a third runway at Heathrow airport. (FT)

Standard Chartered chief warns against QE
Peter Sands, the chief executive of Standard Chartered bank has warned that the huge sums of money being pumped into western economies to underpin banks and promote financial stability risk “laying the seeds for the next crisis”. (Guardian)

Attara Capital to liquidate operations
Attara Capital, the hedge fund co-chaired and founded by Nat Rothschild and the successor to the now-defunct activist fund Atticus Capital, is to liquidate its operations.  (FT)

Verrazzano aims for $1 billion launch
Verrazzano Capital, the hedge fund manager set up in Paris last year by the former Gartmore star Guillaume Rambourg, is set to launch its first funds on Thursday.  (FT)

EU groups to push for more women in top roles
Some of Europe’s biggest companies will on Thursday respond to political pressure by publishing their targets for increasing the number of women in senior corporate roles and launch a database of female board candidates.   (FT)

Terra Firma seeks $1.34 billion from sovereign fund
Terra Firma Capital has dropped plans to start fundraising this spring. The private equity group, run by British financier Guy Hands, is seeking instead to collect about 1 billion euros from a single sovereign wealth fund to keep doing deals. (FT)

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