Wednesday newspaper round-up: Mike Coupe sentenced, David Cameron, Horse Hill

LONDON (ShareCast) - Mike Couple, the chief executive of J Sainsbury, has been sentenced to two years in jail in Egypt, reports The Times. "The case relates to claims that last July Mr Coupe tried to seize cheques connected with the collapse of a business it invested in 16 years ago, in contravention of Egyptian bankruptcy law," the paper said. David Cameron is expected to pledge not to raise income tax, VAT or national insurance until 2020 if the Conservatives win the election, according to the Financial Times.

The Horse Hill oil project near Gatwick has been suspended as its backers don't have the necessary approvals from government agencies, The Telegraph writes. Partners (Other OTC: PGPHF - news) have not directly applied to the Oil and Gas Authority for permission to start flow testing.

Shares (Berlin: DI6.BE - news) in Twitter (Xetra: A1W6XZ - news) dropped nearly 20% after quarterly results were leaked on the social-media network itself an hour earlier than expected, reports The Wall Street Journal. The results revealed the weakest quarterly revenue growth as a publicly-traded company.

Standard Chartered (Other OTC: SCBFF - news) has confirmed it is thinking about exiting the UK on the back of a near-50% jump in the bank levy, writes The Times. The bank is said to be launching a formal review of its home base.

Yanis Varoufakis , Greece's finance minister, has quashed speculation that he has been sidelined from talks with the country's creditors, according to The Guardian.

RBS (LSE: RBS.L - news) is replacing the boss of the challenger bank it is setting up under EU order before it has even launched, writes The Telegraph. RBS has brought in Ulter Bank's boss Jim Brown to replace John Matlby as the chief executive of Williams & Glyn.