Latest top City stories from the Evening Standard

City crooks face heavier fines as regulators get tough http://tiny.cc/standard557

War breaks out between JJB and Sports Direct as leaks target its cash call http://tiny.cc/standard617

Phorm shares plunge as BT gives the cold shoulder to online ads http://tiny.cc/standard985

Car scrappage scheme slows decline in new car sales http://tiny.cc/standard169

Developer St Modwen sinks £98.3m into the red http://tiny.cc/standard653

Sir Richard Greenbury appeals for end to M&S investors' attacks on Rose http://tiny.cc/standard197

Private banking industry saw profits drop by a third last year http://tiny.cc/standard543

GM gets green light from US judge for its bankruptcy sale http://tiny.cc/standard990

Deutsche Bank accused of hiring private detectives to spy on employees http://tiny.cc/standard796

Rio Tinto raises £743m from sale of US packaging arm http://tiny.cc/standard535

Canary Wharf faces major setback as Nomura plans move to the City http://tiny.cc/standard393

Market newcomer plans to buy unsold new apartment blocks in London http://tiny.cc/standard946

Market Report

Cazenove ups commercial property sector from underweight to neutral - British Land and Derwent London are its top picks but both fall, RBS takes a shine to the housebuilders - Persimmon, Berkeley Group and Barratt Developments all rise, FTSE falls 47.96 points to 4188.32 as trading remains thin, Miners shares sink despite broker Deutsche Bank raising price targets, HSBC cuts price targets for oil giants BP, BG Group and Royal Dutch Shell which respond with a fall http://tiny.cc/standard686

Tomorrow

Persimmon kicks off the housebuilder's trading updates, with sector watchers keen to hear whether the market is starting to recover or whether the slump is expected to continue