Press round-up – April 11

April 11, 2012

ABI warns over Barclay’s pay deal
Shareholder unease about the pay deals granted to bosses at Barclays intensified on Tuesday as a leading group of big UK institutional investors flagged its concerns about the bank’s pay policy ahead of its annual meeting in a fortnight.   (FT)
UK back on track, OECD claims
Britain is on the brink of a lasting recovery, according to  the Organisation for Economic Co-operation and Development (OECD), as momentum builds in the global economy. (Telegraph)
Unilever end stand-off over pensions
Unilever has struck a deal with two of the biggest unions representing its employees to cut pension benefits after a seven-month stand-off with workers that saw the Anglo-Dutch multinational suffer its first nationwide strikes. (FT)

Goldman’s co-head of M&A retires
Yoel Zaoui, one of Goldman Sachs’ most senior dealmakers, is leaving the bank after a 24-year career advising on some of the biggest deals in global mergers and acquisitions.

HSBC in talks over Pakistan and Korea
HSBC is in talks to sell all of its operations in Pakistan and is closing in on a sale of its South Korean retail and wealth management businesses to the Korea Development Bank, the UK-listed bank said on Tuesday. (FT)

Logica bosses turn down bonuses
The top management of Logica turned down bonuses worth nearly 1 million pounds under pressure from shareholders after a year in which the UK-based IT services company lost a third of its value and announced 1,300 redundancies. (FT)

Work starts on first BA superjumbo
Work to build the first of British Airways’ new fleet of superjumbos started on Tuesday in a boost to the airline’s plans to fly more long-haul passengers. (Independent)

Riello seeks to expand global presence
Riello, a leading producer of titanium-cutting machines for the aerospace industry, is seeking a new strategic shareholder, in a move that could allow a Chinese company to make a key move in this sector.  (FT)

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