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Lunch Wrap

On FT Alphaville this morning,

- Northern Rock has some new admirers- and its shares are off to the races again….

- …but FT Alphaville reveals the murky nature of the supposedly charitable core of the company’s synthetic financial structure.

- Eek! Murdamort has arrived in the WSJ’s office – and the changes are already underway.

- Michael Ashcroft has done it again. Shares in OneSource up a mere 570-odd per cent, and another chunk of cash for the Conservative coffers.

- All that glitters? Tony Jackson wonders if the commodities boom is built on guesswork.

- James Eden, the elusive banking analyst with a flair for colourful comment, has (finally) arrived in his new job.

- There’s a UFO alert, says Lina Saigol. Visitors from another realm? Or something all together more worrying?

- Quelle surprise! Your bonus is in danger.

- Don’t miss our new game – Big Brother meets City comment. Click or Clunk? gets underway on Tuesday.

On FT.com today,

- Resolution and Friends have had enough. The pair set out the timetable for their proposed merger – upping the pressure on the Panel to force out any other, lurking competing bids.

- GSK has a new boss. The pharmaceuticals group has elevated from within, chosing Andrew Witty to replace Jean-Pierre Garnier when the current chief executive retires in May. Mr Witty, the youngest of three internal candidates, was not regarded by outsiders as the favourite.

- Severstal has gone aggro. The Russian steelmaker has warned shareholders of Celtic Resources that the gold miner’s share price could collapse if its £161m offer was not successful and that Severstal’s 29.7 per cent stake could be used to block other potential acquirors.
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