Press Round-up – April 3

April 3, 2012

Investors hit back at Trinity Mirror
Big investors in Trinity Mirror have hit back at proposed changes to the pay scheme for Sly Bailey, its chief executive, saying that cuts to directors’ remuneration packages do not go far enough.   (FT)

UK explorers struggle to strike Falklands oil
Desire Petroleum and Borders & Southern Petroleum, two of five London-listed exploration businesses with interests in the Falklands Islands, announced annual pre-tax losses of $42.5 million and $1.74 million on Monday. (Guardian)

RBS eyes first payout in four years
Royal Bank of Scotland is preparing to make its first dividend payment in four years as the state-backed bank attempts to overcome one of a number of obstacles in its path to reprivatisation.   (FT)

Aberdeen moves to take control of Alliance
Aberdeen Asset Management wants to replace Katherine  Garrett-Cox as manager of the embattled 2.1 billion pound Alliance Trust in what would be one of the most dramatic coups in London’s financial district for many years. (Telegraph)

EU’s Barnier hits out at “rearguard lobbying”
Europe’s most senior financial regulator has hit back at “rearguard lobbying” by the hedge fund and private equity industries, saying he “will not be intimidated” by an attempt to undermine a deal to regulate the industry for the first time.   (FT)

Poker site plays Trump card to break America
A London-listed gaming company, 888 Holdings, is in talks with Donald Trump to exploit the looming legislation of online gambling in America. (Times)

SEC risk monitors home in on boards
The Securities and Exchange Commission has held meetings about risk management with directors at Goldman Sachs and several other financial groups in an attempt to increase accountability at board level. (FT)

GE takes risks in bringing jobs home
Jeff Immelt, General Electric’s chief executive, says the decision to put $1 billion into the group’s domestic appliances business is “as risky an investment as we have ever made.”  (FT)

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