June 11 - Some of the world's biggest hedge funds, private equity firms and banks have been targeted by anti-capitalist activists protesting in London ahead of the G8 summit. Rough Cut (no reporter narration).
(ROUGH-CUT - NO REPORTER NARRATION) Police in riot gear moved in on a central London building where activists had planned an anti-G8 protest through the British capital on Tuesday before next week's summit of world leaders. The demonstrators had said they would stage a "Carnival Against Capitalism" across London to kick off a week of action before Britain hosts the meeting of the Group of Eight leading industrialised nations at a golf resort in Northern Ireland. Some of the world's biggest hedge funds, private equity firms and banks have warned their staff to take precautions in the event of disruption after similar protests in recent years led to violent clashes with police, vandalism and buildings being temporarily occupied. More than 100 officers in riot uniforms formed a cordon, trapping the gathering protesters in a tight area around Beak Street as police helicopters hovered above and reinforcements waited in vans. Last month, StopG8 issued a map of 100 potential targets for people to "show their anger", identifying offices of financial organisations such as banks, hedge funds, defence manufacturer BAE Systems and mining and energy companies including ArcelorMittal. The list includes hedge funds Man Group and Paulson, private equity firm Blackstone, banks such as Citi and Barclays and embassies including those of Saudi Arabia and the United States. Recent demonstrations against the British government's austerity measures have been marred by rioting anarchists, while many Britons angered by bank bailouts and bonuses during tough economic times blame the financial sector.