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Monday newspaper round-up: Euribor probe, Greece, Tesco

Mon, 09th Mar 2015 06:50

Former traders from Barclays and Deutsche Bank will be interviewed by UK fraud investigators in an ongoing criminal probe into the alleged rigging of Euribor, writes the Financial Times. "The move raises the prospect for the banks that investigations into alleged manipulation of interbank rates will drag on for several more years," the paper said.According to The Guardian, Greece's government has warned that a referendum or new election on fiscal policy is possible if the Eurozone rejects proposed reforms.Michael Holmes, the head of Tesco's in-store restaurants and coffee shops, has left the supermarket, reports The Telegraph. The paper said it was a "clear sign that one of former boss Philip Clarke's key initiatives has failed".A report from recruitment firm Astbury Marsden has found that around 3,000 City payrolls were added in February, up 17% on the same point last year, writes the City AM.The Times said that former Morrisons boss Dalton Phillips is set to pocked £3m in lieu of his 12-month notice despite the bank expected to reveal that profits more than halved last year.Some 20.2% of enterprise finance guarantee loans have defaulted, reports The Times, "raising fresh questions about a scheme that is the subject of an internal investigation by Royal Bank of Scotland".Edinburgh Airport has commissioned a report which found that 4,000 jobs in Scotland could be created over the next five years if air passenger duty is halved, delivering a £1bn boost to the Scottish economy, writes The Scotsman.Influential City figure and fund manager, Neil Woodford, has said that the uncertainty surrounding a potential British exit from the European Union will damage the UK economy and "slam the brakes on international investment", according to The Telegraph.

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