June 13 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Stephen Hester to step down as RBS chief executive
France Telecom chief under formal investigation
Vodafone in talks to buy Kabel Deutschland in 7 bln euro
Virgin Money expected to choose advisers for flotation plan
WPP suffers shareholder revolt over executive pay
Royal Bank of Scotland Chief Executive Stephen
Hester is to step down at the end of the year, as the British
Government looks to appoint a new CEO to lead the bank through
France Telecom Chief Executive Stephane Richard, is
being formally investigated by a French court for his alleged
involvement in organised fraud when he was a senior finance
ministry official during Nicolas Sarkozy's presidency.
Vodafone is in early talks to buy Kabel Deutschland,
Germany's largest cable company, in a deal that could be worth
over 7 billion euros ($9.34 billion).
Virgin Money, the British banking arm of Richard Branson's
Virgin Group, is expected to choose advisers for its initial
public offering during the next six months, according to
Over a quarter of shareholders in world's biggest
advertising agency, WPP, either opposed or abstained in
a vote over Chief Executive Martin Sorrell's hefty
17.6-million-pound ($27.6 million) pay package.
($1 = 0.7498 euros)
($1 = 0.6375 British pounds)
(Compiled by Richa Naidu in Bangalore; Editing by Edwina Gibbs)
Keywords: BRITAIN PRESS/FT
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