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M&S 'set to face investor revolt'

M&S shareholders are likely to rebel at the its AGM over its chief's new dual role, a report says.
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Ex-analysts settle SEC insider trading case (Reuters)

Reuters - A former Morgan Stanley financial analyst and her husband, an ex-hedge fund analyst at ING Group, have settled insider trading charges, the U.S. ...
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China premier: Continue inflation fight (AP)

AP - China's premier called for continued vigilance against inflation that has reached 12-year highs, saying the government should ensure that price increases are "acceptable," ...
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Argentine MPs back farm taxes

Argentina's lower house of Congress approves taxes on agricultural exports, which farmers have vowed to resist. ...
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UN to urge revamp of Afghan aid

The UN's envoy to Afghanistan is to set out a new plan on aid spending amid fears that millions have been wasted. ...
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S Korea sets fuel-saving measures

South Korea restricts the use of government cars and air conditioning in a bid to tackle rising fuel costs. ...
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French set to shell out more for snails

The price of that French delicacy the snail is set to soar because of foreign suppliers' rising wages. ...
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Bush 'concern' at N Korea issues

US leader George Bush says there is still concern over North Korea's alleged uranium enrichment, as G8 leaders gather in Japan. ...
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Mandelson raps Sarkozy over trade

EU trade chief Peter Mandelson warns France's president not to put world trade talks at risk. ...
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Tories propose fuel duty changes

Changes to the way fuel duty is calculated are being proposed by the Conservatives. ...
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G8 urged to act over oil prices

Japan and the US vow to call for "swift action" on oil and food prices at next week's G8 summit. ...
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G8 focus on 3Fs

Finance, fuel and food to top the G8's agenda. ...
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UAE waives billions of Iraqi debt

The UAE says it is cancelling the entire debt owed to it by Iraq, a sum of almost $7bn (£3.5bn) including interest. ...
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Returning Pakistanis praise new lives

Pakistani youth who have grown up in other countries return to their homeland to find their roots and to take part in an economic boom. ...
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B&B 'faces fee for failed deal'

Bradford & Bingley looks set to pay a "success fee" to advisers behind a failed rescue deal, reports say. ...
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Is capitulation on the cards? (Reuters)

Reuters - Profit warnings, breaches of key index levels, record oil prices, stressed consumers and investors seeking safety provide the background for markets this week, ...
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Hyundai cuts, Kia lifts domestic sales target (Reuters)

Reuters - Hyundai Motor Co (005480.KS), South Korea's top auto maker, said on Sunday it had cut its local sales target for this year by ...
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Protests ahead of Japan G8 summit

Protests begin on the northern Japanese island of Hokkaido ahead of Monday's summit of the G8 nations. ...
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Alabama likely site of new VW plant: paper (Reuters)

Reuters - The U.S. State of Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry ...
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Postbank sale may fail over target price: report (Reuters)

Reuters - The sale of Germany's biggest retail bank Deutsche Postbank could fail because the price potential bidders are willing to pay does not meet ...
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Auto sector woes could spur deals: Renault CEO (Reuters)

Reuters - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French ...
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Hyundai union calls for work stoppage next week (Reuters)

Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, ...
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Smooth sailing for yacht builders despite economy (AP)

AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for ...
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Court rules that Pringles 'are not potato crisps'

Pringles, the popular snack food in a tube, are not potato crisps, a High Court judge rules, and should be free of VAT. ...
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SocGen hit by rogue trader fine

French bank Societe Generale is fined 4m euros for allowing one of its staff members to operate as a rogue trader. ...
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