Tuesday Papers: tips and comment
FT Lex Comment:
* CIT -- in, out, shake it all about. If only CIT's aim of nipping into bankruptcy, quickly exiting and rejigging its business looked as easy
* Ford -- the 2006 decision to restructure using every piece of the family silver as collateral while raising $24 billion in debt appears vindicated
* Takeda/Amylin -- a commitment to spend hundreds of millions of dollars in developing obesity drugs is the latest move by a Japanese drugmaker to shore up growth by expanding abroad
* Ryanair -- the low-cost airline maintained its rate of climb through the recession clouds, but it could throttle back to a more gradual rate of growth
* ChiNext -- if the Shanghai Stock Exchange is a bit of a casino, then on the evidence of its first two days, the new junior board is a back-alley cockfight
* Royal Bank of Scotland -- the dismantling of Sir Fred Goodwin's empire has started in earnest
* Japanese consumer credit -- since the Democratic Party of Japan seized power at the end of August, shares in consumer finance companies have been clobbered.
Lombard (p.18):
* We're better off basing business on morals and rules -- Non-executives: non-jobs for the boys -- Self-policing bankers
Other comment:
* Interview Frederic Lemoine, chief executive Wendel (p.22)
THE TIMES
Tempus:
* Hold on to Telecity -- BowLeven worth a flutter -- Avoid Vantis
Business Editor:
* RBS: the honeymoon period is over for Stephen Hester -- Funding problems of smaller companies: spurious issues around issues -- The one thing that gets advocates of rights issues hot under the collar is the level of fees
Other comment:
* Business big shot: June Kenton, owner of Rigby and Peller
* Land Securities ends new development stalemate
* Numis would not be surprised if Wilmington receives another takeover approach
* Bet of the day: Rolls-Royce
* e-Therapeutics a tiddler to watch
DAILY TELEGRAPH
Questor:
* Buy Ryanair -- Hold Chloride Group
Comment:
* Preserving the UK's credibility will determine whether we wee recovery -- Target university funding more wisely
Jeremy Warner: worry about lack of growth, not more quantitative easing
Other comment:
* Havas bid rumours revive Aegis
THE INDEPENDENT
Investment Column:
* Buy Telecity -- Buy Chloride -- Avoid Vantis
Outlook:
* RBS/Lloyds: will Treasury hat-trick get a result? -- No cheap stocking filler for Orange
Other comment:
* Retail's chance to shine again
* Rumours that BHP Billiton could be set to revive its interest in Rio Tinto
THE GUARDIAN
Viewpoint:
* Could there be a silver lining for RBS? -- Ryanair: jam today
DAILY MAIL
* Diageo: spirited rivals in vodka sales fight
* Speculation that Taylor Wimpey has found a buyer for its North American business.
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