FINANCIAL TIMES
APPLE WIN SENDS WAVES THROUGH TECHS
By Tim Bradshaw in San Francisco, Simon Mundy in Seoul and Richard Milne in Oslo
Apple’s courtroom victory over Samsung sent shockwaves through technology stocks on Monday, wiping more than $12bn from the Korean giant's market valuation, knocking Google's shares and providing a boost to struggling Nokia. Shares in Apple rose 1.9 per cent, briefly touching a new high of $680, as analysts predicted its rivals would have to redesign their devices.
DAILY TELEGRAPH
HEATHROW EXPANSION: CAMERON MUST DECIDE WHETHER HE IS MAN OR MOUSE
By Robert Winnett, Political Editor
David Cameron must decide whether he is “man or mouse” and drop his objection to building a third runway at Heathrow airport, one of the most high-profile environmentalists in the Conservative Party warns. Tim Yeo, a former environment minister and head of the Parliamentary climate change committee, says the “environmental objections” to the expansion of Heathrow are “disappearing”.
GUARDIAN
Bentley takes aim at armoured car market
By Dan Milmo, industrial editor
Bentley is considering launching an armour-plated car range as customers in Latin America, the Middle East and Russia seek to travel in bulletproof comfort. The Crewe-based car manufacturer is exploring ways to tap into a growing market for secure vehicles in emerging economies where the threat of kidnap and assassination is constant.
THE SCOTSMAN
CBI CALLS FOR BUDGET TO INVEST IN INFRASTRUCTURE AND FREEZE TAXES
By Peter Ranscombe
Finance Secretary John Swinney will face calls today from CBI Scotland director Iain McMillan to freeze taxes and trim Scottish Government spending to free up cash for infrastructure projects. In its submission ahead of next month’s Scottish budget, the business lobbying group is demanding that Swinney adopts a “bolder approach” to slashing the cost of government by capping the public sector wage bill, outsourcing more services to the private sector and spinning off Scottish Water.
DAILY MAIL
FAMILY FOOD BILLS TO SOAR
By Becky Barrow and Jason Groves
Families face punishing food price rises triggered by a catastrophic U.S. drought, experts warned yesterday. They said the American crisis is forcing up the global price of crops used to make staples such as bread and pasta. Meat is also tipped to cost much more because animal feed costs have soared, again because of the drought.
DAILY EXPRESS
SPAIN WOES WEIGH ON EUROZONE
Fresh signs of strain in the eurozone emerged yesterday as new figures showed Spain in worse shape than previously thought and German businesses reported a sharp drop in confidence. The Spanish economy grew by just 0.4 per cent last year on top of a 0.3 per cent decline in 2010, according to data from statistics institute INE. The revised figures were much weaker than previous estimates, suggesting Spain may find it even harder to drag itself out of recession and force it to seek a bailout from its eurozone partners.
WWW.BBC.CO.UK
FOXCONN INTERNATIONAL SHARES FALL AFTER HUGE LOSS
Shares of Foxconn International Holdings, the world biggest contract mobile phone maker, have slumped more than 8% after a dismal earnings report. FIH posted a net loss of $226m for the January to June period, compared to a loss of $18m a year earlier. The manufacturer blamed sluggish orders from key clients, such as Nokia.
NEWS.SKY.COM
OLYMPIC CONTRACT FIASCO COSTS G4S £50M
Security provider G4S says the security fiasco surrounding its Olympic and Paralympic contract has cost it £50m. The company's chief executive, Nick Buckles, said: "We are deeply disappointed that we had significant issues with the London 2012 Olympics contract and are very grateful to the military and the police for their support in helping us to deliver a safe and secure games".
