DAILY BRIEFING: Scandal-hit Italian arm of BT could be ditched at a loss

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City & Finance Reporter for the Daily Mail

ITALIAN SALE 

The scandal-hit Italian arm of BT could be ditched at a loss. 

The firm has reportedly hired Credit Suisse to find a new owner for the troubled division, which was landed with a £530 million black hole last year after it emerged regional bosses had sought to falsely inflate profits.

Sell-off: The firm has reportedly hired Credit Suisse to find a new owner for the troubled division

Sell-off: The firm has reportedly hired Credit Suisse to find a new owner for the troubled division

BONUS MISS 

The ousted boss of Stobart is set to miss out on £7 million of bonuses after a boardroom bust-up. 

Andrew Tinkler was sacked for allegedly putting his own interests ahead of the firm, but is trying to wrest back control.

LOBBYING DEAL 

Russian energy firm En+ is paying a top US lobbyist £82,000 a month to defend it from sanctions. The company wants to persuade US authorities that it is working hard to reduce the influence of owner Oleg Deripaska, an oligarch with close ties to the Kremlin.

DIVIDEND BONANZA 

The boss of bookmaker Betfred is to pocket a £10.2 million dividend. 

Fred Done will trouser the payment as his firm prepares to axe as many as 4,500 staff in the wake of a crackdown on high-stakes betting machines.

TOP SPOT 

A major international survey has ranked London as the world’s most desirable city to work in. 

The capital beat New York, Berlin and Barcelona to the top spot in a study by the Boston Consulting Group and recruitment site Totaljobs.

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