good morning all,

a couple of extra hours in bed for me today as I shall be working later into the NY session.

First off, here’s the latest company news from my friends in the london equity markets.

  • Vivendi: may put GVT sale on hold after low bids
  • Banks: EU bonus 1:1 bonus/salary cap approved, eff Jan 2014
  • Credit Suisse: derivs-based bonus system breaches Basel III
  • Royal Dutch: suspends Arctic activities for 2013
  • Vodafone: WSJ +ve on co backing away from Kabel Deutschland
  • 3I: Sherborne Group “definitely” take to board after buying 1.6%
  • Glencore: Ferrous Resources stake means AAL t/o unlikely
  • Eads: owes Merkel thanks for blocking BAE SYSTEMS merger
  • Repsol: shares look fully valued despite LNG assets sale