Wednesday newspaper round-up: UK GDP, HP/Autonomy, Greece
UK GDP growth is expected to slow this year to 2.5%, according to the NIESR, down from 2.8% last year and the previous forecast of 2.9%, according to The Guardian.
Hewlett-Packard Co.
$29.73
08:29 10/05/24
HP is suing Autonomy's founder Mike Lynch and former finance director Sushovan Hussain for $5bn in damages, writes The Times. The two have been accused of firing a key US employee who had raised concerns about Autonomy's accounts prior to the HP takeover.
Greece's government has said "serious disagreements and contradictions" between the IMF and its European partners are to blame for the three-month bailout impasse, according to The Telegraph.
The IMF has said that the further away the reforms are from the original commitment Greece made in 2012, "the higher would be the need for additional financing and debt relief to make the country’s debt sustainable", writes The Wall Street Journal.
The world's 25 best paid hedge fund managers took home $11.62bn collectively last year, according to the Financial Times, nearly half the $21.5bn earned in 2013.
Aberdeen-based Underwater Integrity Solutions, a subsea services outfit with an acquisition warchest of $300m, has launched and plans to buy up businesses and form partnerships, reports The Scotsman.
Oil prices rose to a new high for 2015 on Tuesday, with Brent rising as high as $68.40 a barrel, reports The Times.