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Morning Wrap: need to know business stories

Top business stories from around the web.

Bloomberg users’ messages leaked online (FT)

More than ten thousand private messages sent between users of Bloomberg’s financial terminals have leaked online, undermining the company’s attempts to restore faith in its ability to keep client data confidential as it scrambles to allay clients’ privacy concerns.

Two long lists showing confidential Bloomberg messages between traders at dozens of the world’s largest banks and their clients have been online for several years, the Financial Times has learnt.

Severn Trent receives takeover approach (BBC)

A group of international investors is interested in buying UK water supplier Severn Trent, the company has said.

The investors include a Canadian infrastructure company and the Kuwaiti government investment fund.

EADS profits up on Airbus deliveries (BBC)

The parent company of Airbus, EADS, has reported a sharp rise in profits for the first three months of the year.

Operating profits at the company rose by 56% to 741m euros ($963m; £629m) in the quarter.

BHP considers returning cash to shareholders (FT)


BHP Billiton will consider returning more capital to shareholders as the world’s biggest resources company by market value reduces spending on new projects and exploration and focuses on improving productivity.

In his first major speech to investors since he was named BHP chief executive in February, Andrew Mackenzie told a mining conference in Barcelona on Tuesday that capital commitments would peak at US$22bn this year and decline “significantly” to US$18bn in 2014 as most of its large projects entered production.

Vodafone to get $3.15bn dividend from Verizon Wireless (Telegraph)

The UK mobile phone operator said on Tuesday that the Verizon Wireless board had approved the payment of a $7bn (£4.6bn) dividend.

Vodafone, which will receive the payout at the end of June, said it would update shareholders on how it plans to use the money when its reports it full-year results on May 21