Press Round-up – March 29

March 29, 2012

Nokia stepping up SIM battle with Apple
The battle between Nokia and Apple over the design of future miniature Sim cards for mobile phones has escalated, with the Finnish group threatening to withhold essential technology for Apple’s template, impeding the rival proposal. (FT)

Cattles chiefs banned for deception
Three former senior managers at Cattles have been fined 700,000 pounds and banned from working in financial services for misleading investors about the extent of bad loans at the failed doorstep lender. (Times)

Minister linked to £2.6 million tax dodge
A Conservative Cabinet minister invested in a company that avoided millions of pounds in stamp duty. (Times)
Daily Mail made 1,728 potentially illegal requests to private detective
Britain’s Daily Mail newspaper spent an estimated 143,000 pounds asking a private eye to make 1,728 potentially illegal requests to unearth phone numbers and addresses of public figures over a three-year period, including personal details of the Duchess of Cambridge and her sister Pippa Middleton. (Guardian)
LSE Explores post-trade service with Bucharest
The London Stock Exchange is exploring ways to help the Bucharest Stock Exchange to build its own clearing operations as Romania gears up for the privatisation of some of its largest state-owned companies. (FT)

World Bank succession to be ‘hypocrisy test’
Ngozi Okonjo-Iweala, the Nigerian finance minister seeking to become the first non-American to lead the World Bank, has warned rich nations that the selection process will test their “level of hypocrisy”. (FT)

Osborne faces party fight over budget cuts
Plans by the chancellor to take 10 billion pounds ayear, or almost 1 pound in 20 pound, out of the welfare budget are being openly resisted by the department for work and pensions in the first sign of government infighting over the coming spending round.   (FT)
Balfour Beatty warns of 12,000 job losses
Balfour Beatty, the UK’s biggest construction company, has warned 12,000 staff in the UK they could lose their jobs as a result of the downturn in the building industry. (FT)

Race is on to become Tesco’s new image guru
Investor relations heavyweight Rebecca Shelley is the frontrunner to succeed Lucy Neville-Rolfe as Tesco’s corporate affairs director, as Britain’s biggest retailer seeks to heal its image problems. (FT)

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