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HEADLINES:
Chewing over their position: Nestlé boss Paul Bulcke and his board fear that a combined Kraft/Cadbury could threaten their market share

Likely bid war for Cadbury sends shares to record high

Cadbury shares raced to another record high this morning as investors bet that a fierce bidding war for control of the 185-year old company is about to breakout  Comments 

LSE raps Environmental

The London Stock Exchange today publicly censured AIM-listed Environmental Recycling Technologies and said it would have fined it if the company’s finances were not in such a parlous condition  Comments 

Banker wants pay secrecy

A top executive at Royal Bank of Scotland risked outrage and ridicule today after claiming it would be unfair to force banks to publish the salaries of their best-paid staff  Comments 

Divis hit as water giants are hung out to dry in Ofwat price review

Water giants Severn Trent and United Utilities are set to be hit so hard by this week’s Ofwat price review that they will have to slash their dividends by a fifth  Comments 

Heritage sells Uganda stake to ENI halting Genel merger

A bid battle for Heritage Oil could break out after the independent upstream exploration and production company said its proposed merger with Turkey’s Genel Energy was off and it would instead sell its interests in Uganda to Italian major ENI for £900 million  Comments 

Bonus bonanza

banker bonusAll I want to know is... how big is my bonus?

Technology analysis

farmville‘I want that cow!’ — the rise and rise of virtual gaming
 

Analysis: LSE gets a shrinking feeling as new kids pile on the pressure

If you had suggested, even quite recently, that the London Stock Exchange would one day lose its dominant role as the City’s leading trading platform, everybody would have laughed  Comments 

Murdoch mulls Microsoft move to charge for content

Rupert Murdoch’s News Corporation has held talks with Microsoft about the publisher being paid revenues by Microsoft’s search engine Bing if it “de-indexes” its news content from arch-rival Google  Comments 

Scottish & Newcastle offering free-of-tie leases at dormant pubs

Brewing giant Scottish & Newcastle (S&N) is breaking ranks with the industry to offer 19 pubs free of the controversial “beer tie”  Comments 

Experian rolls out India joint venture

Credit group Experian today announced plans to operate a credit bureau in India, which it will operate through a joint venture with seven local banks  Comments 

Americans play catch-up on credit-card debt

For the first time in a decade, more Americans paid their credit-card bills on time in the third quarter than the second  Comments 

Slump hits Northumbrian

Businesses slowing down or going bust altogether is holding back revenues at Northumbrian Water Group  Comments 

Mitie prepares for boom as firms rush to outsource

Support services and property management group Mitie today said business is doing well as private firms and the Government outsource work to save money  Comments 

Housing revival 'hits hitch'

The housebuilding recovery is stalling, strangled by a lack of first-time buyer affordability, according to one leading industry analyst who is telling his clients to get out of the sector fast  Comments 

Are Gartmore and Jon Moulton right to float now?

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No
More Polls        Today's City Poll

Can Morrisons sustain its momentum without Marc Bolland?

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No
More Polls        Today's City Poll
 
 

 
Market Roundup
FRIDAY UPDATE

Morgan Stanley casts cloud over Thomas Cook and Tui

Shares of the UK’s two biggest package holiday operators were among the heaviest blue-chip fallers today after one broker decided that their outlook was far from sunny

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City Spy, cityspy@standard.co.uk

To be Frank, he’s a heroin of our time

“It's been a while since Frank Timis graced City Spy so a big shout out to the former boss of Regal Petroleum who told the market he'd found a whole load of oil in Greece only for it to turn out he hadn't

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