WHAT THE OTHER PAPERS SAY THIS MORNING
FINANCIAL TIMES
Funds’ €60bn to buy European bank debt
Hedge funds and private equity firms have amassed almost €60bn to buy loans from stricken European banks in coming years as many of the continent’s lenders seek to shrink their way to health, according to a PwC survey. PwC estimates European banks have almost €2.5tn of “non-core” assets they could sell.
D&D puts Conran restaurants for sale
D&D, the restaurant group formerly known as Conran Restaurants, has put its 30 restaurants up for sale to fund expansion in London and emerging markets.
The Daily Telegraph
SFO warned Tchenguiz investigation could take five to ten years
The Serious Fraud Office warned Robert and Vincent Tchenguiz that a high-profile investigation into their activities could drag on for “five to 10 years” if they didn’t come to a financial settlement.
Betfair to launch fixed-odds betting
Betfair is taking on traditional bookmakers at their own game by launching a fixed-odds betting service in time for Euro 2012.
THE TIMES
African miner turns to the City’s rich seam of cash
An incubator for small African mining projects is the latest natural resources company to head towards a flotation on London’s Alternative Investment Market.
Premier African Minerals has assets in Zimbabwe, Togo, Benin and Mali.
Insurers call to halt metal thieves
Metal thieves are costing Britain’s insurers more than £1m every week in claims as gangs strip copper wiring from the telephone and rail networks.
THE WALL STREET JOURNAL
EUROPE
SpaceX Takes a Shot
Space Exploration Technologies, reacting quickly to Saturday’s aborted mission to the international space station, intends to launch again early tomorrow after swapping out a faulty part. The swift reaction, according to industry and government officials, reflects a corporate culture determined to demonstrate confidence and rapid problem solving.