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Monday Papers: DFJ Esprit snaps up 3i portfolio

By Himanshu Singh | 01:50:00 | 14 September 2009

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The Daily Telegraph

* Venture firm DFJ Esprit has snapped up a portfolio of European technology and telecoms companies from 3i as it launches new funds worth $380m (£233m).

* Hopes are rising that The Observer will not be closed – although the price of saving Britain's oldest newspaper could be significant jobs cuts.

* London's leading gold forecaster, UBS analyst John Reade, has advised clients to liquidate holdings of gold and silver until the latest speculative fever abates, warning that futures contracts on New York's Comex exchange are flashing warning signals.

* Dunnhumby, the data-crunching company behind Tesco's Clubcard, saw profits rise 71% last year as it expanded across the globe.
 
* Next, the fashion retailer run by Simon Wolfson, is expected to announce first half pre-tax profits this week of between £177m and £185m, compared with £173.5m last year.

* The BBC is considering part-privatisation of BBC Worldwide, the corporation's commercial arm, its Director General said.



The Times

* Sir Anthony O’Reilly is close to an agreement that will see him give up his controlling stake in the stricken publishing company Independent News & Media.

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