Financial Times: Global business: Lloyds branch sale to Co-op collapses, ENRC chairman...

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Global Business
Wednesday April 24 2013

Companies news and analysis - FT.com

Lloyds branch sale to Co-op collapses

The bank has until the end of the year to complete the sale of its 630 branches and will have to revive plans to float it as a freestanding business
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/RPMC4X/JY/h?a1=2013&a2=4&a3=24

ENRC chairman quits besmirched miner

Mehmet Dalman's resignation follows a series of employee departures and investor worries over corporate governance at FTSE 100 miner
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/DXTNBU/JY/h?a1=2013&a2=4&a3=24

Apple to return extra $55bn to investors

In a keenly anticipated financial report, Apple posted better than expected second-quarter results but warned of a further slowdown before June
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/4VJYFS/JY/h?a1=2013&a2=4&a3=24

Huawei 'not interested in the US any more'

Security officials and politicians have repeatedly identified telecoms group as threat to national security – an allegation the Chinese company denies
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/B41RTL/JY/h?a1=2013&a2=4&a3=24

China clears Marubeni-Gavilon deal

The Ministry of Commerce flexes its muscles by imposing significant conditions on $5bn takeover of US-based grain trader
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/FDBP81/JY/h?a1=2013&a2=4&a3=24

KPMG chief dismisses 'one-day wonder' scandal

Andrew concedes scandal 'will probably hurt' the firm's business in China, where the chairman is currently on a visit to Shanghai
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/4VJYFP/JY/h?a1=2013&a2=4&a3=24

Shell warns of shale delays outside US

Oil company assessment is that the revolution will not be replicated quickly elsewhere, and other sources of energy supply will be needed
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/OFA67A/JY/h?a1=2013&a2=4&a3=24

HSBC – the bank that likes to say 'demising'

Business world given new euphemism to add to downsizing, delayering and rightsizing to make cutting jobs sound nicer
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/1OQXSS/JY/h?a1=2013&a2=4&a3=24

Cosmetics groups move deeper into China

L'Oréal and Estée Lauder go beyond main cities with luxury offerings, in expansion that requires more delicate tactics than with mass-market lines
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/B41RTP/JY/h?a1=2013&a2=4&a3=24

Accor chief ousted

The board of French hotels group endorses chief Denis Hennequin's strategy but insists that change has not come through swiftly enough
http://link.ft.com/r/A1TNOO/Z85X5Y/OJVLNB/7A68TZ/3CSDRF/JY/h?a1=2013&a2=4&a3=24

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