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Financial Times

EINHORN AND GREENLIGHT FINED BY UK FINANCIAL REGULATOR

David Einhorn, one of the world’s highest profile hedge fund
managers, and his firm, Greenlight Capital, have been fined 7.2
million pounds ($11.22 million) by UK regulators for trading
before a 2009 equity fundraising by Punch Taverns.

EX-LLOYDS CHIEF JOINS UK ADVISORY FIRM

Eric Daniels, former chief executive of Lloyds Banking Group
and one of the most high-profile figures in the
financial crisis, is joining a little-known advisory firm.

IRAN THREATENS TO ACT FIRST ON EU EMBARGO

Iran has threatened to pre-empt a European embargo on its
oil by halting its exports to the region immediately, a move
that could hit economically weak southern European countries.

NORWEGIAN CARRIER PLACES HUGE ORDER IN RECOVERY BET

Norwegian Air Shuttle plans to buy 222 new aircraft
worth $21.1 billion from Boeing and Airbus in a
move that heralds its ambition to become one of Europe’s leading
low-cost airlines.

PEACOCKS STORES INTEREST DISCOUNTERS AND SUPERMARKETS

Discount retailers and supermarkets are eyeing Peacocks’
563-store portfolio in case administrators fail to find a buyer
for all or part of the distressed value fashion chain.

CONOCO TO CUT U.S. GAS OUTPUT

ConocoPhillips, the third-largest U.S. oil and gas
group by market capitalisation, has said it plans to cut its
North American gas production this year as it shifts to more
profitable oil reserves, becoming the latest group to announce
output reductions after gas prices fell to a 10-year low.

SAP BULLISH AS IT BRUSHES OFF SLOWDOWN

SAP has shrugged off Europe’s economic slowdown as
the world’s biggest business software maker by sales indicated
it may raise its 2015 sales goal after achieving record annual
profits and setting double-digit growth targets for this year.

UK’S CAMERON BACKED ON EU COURT OVERHAUL

David Cameron’s calls for an overhaul of the European Court
of Human Rights to reduce its judges’ interference with the
decisions of national governments have received firm backing
from the head of the Council of Europe.