Latest top City stories from the Evening Standard

Revealed: how the banks are profiteering from lending

Friends Provident poised to accept Resolution's £1.86 billion bid

Rights issue move fails to impress Lloyds Banking Group's investors

Hank Paulson spoke to Goldman's Blankfein two dozen times in weeks before AIG's bailout

Bond Street antiques dealer Mallett sees losses saw

Second Great Depression avoided, but recovery remains two years away, says Nobel prize winner Krugman

Chinese claim miner Rio Tinto fixed iron ore prices

Markets

Investors book profits after recent gains, Banks suffer on reports of a potential rights issue from Lloyds Banking Group, Insurer Friends Provident soars on reports a deal with Resolution will be unveiled tomorrow, Miners retreat as price of raw materials fall, Travis Perkins slips despite broker optimism

Tomorrow

The British Retail Consortium reveals how the High Street is faring when it publishes its sales monitor for July; like-for-like-sales were up 1.4% in June as the heatwave pushed up food sales and clearance sales boosted demand for clothes, shoes and outdoor leisure products

Holiday Inns owner InterContinental Hotels is expected to announce a 40% fall in first-half profits; but the group is expected to maintain its dividend payout and say it is making progress with cost cuts

Greggs, the bakery chain, posts first half numbers; so far it has proved almost immune to the recession as cash-strapped shoppers trade down to its stores for their takeaway lunches