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In the papers: Lord Adonis, Glencore and Knight Frank

Published: 06:56 05 Oct 2015 BST

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The Financial Times leads with the news that one-time Labour transport secretary, Lord Adonis, has apparently crossed the floor to lead a root and branch overhaul of the way infrastructure projects such as high speed rail and new nuclear are delivered for the Tories.

The FT also reveals regulators are seeking to prevent a repeat of the failure of AIG in 2008 are planning to hit nine of the world’s biggest insurers with safety rules that are tougher than some in the industry had expected.

And the Pink’un cites a Deloitte survey that reveals optimism and risk appetite of those in charge of the UK’s corporate finances has deteriorated sharply over the past three months.

The papers love a good ‘trousering’ story and the Times brings us one from the property sector as it says selling homes is a banker. Knight Frank’s 65 equity partners will share a bonus pot of about £80mln this year, it revales, after the property consultancy notched up a record set of results, despite signs of a slowdown at the top end of London’s housing market.

And giving us all a case of sweaty palms, the paper also reveals Britain may have to go to Dutch to avoid black-outs this winter. By that it means supplies of electricity this winter are likely to be so tight that Britain could be reliant on imports via an undersea power cable from the Netherlands.

The Telegraph City section gets the vote for the most predictable story in the wake of England’s exit from the Rugby World Cup as it reveals ITV and pub companies face knock.

Meanwhile the paper has learned Glencore will listen to takeover offers as it battles to cut debt mountain, though management isn’t convinced buyers will be queuing up.

Further into the Telegraph there is news Rolls Royce, which has unnerved investors with a string of profit warnings, is planning to slash 400 jobs at its marine business.

And Ben Bernanke, the former Fed chair that just can’t seem to shut up these days, reckons more executives should have been sent to prison for the roles they played in the financial crisis.

Finally, the Guardian has a story that reveals AstraZeneca, one of Britain’s largest businesses, is using a multimillion-pound tax avoidance scheme in the Netherlands, set up months after the UK relaxed its tax laws for multinationals in 2013.

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