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London flats set for 10% dip as supply exceeds demand

The price of London flats could tumble by as much as 10% by Christmas but family homes will hold their value, the capital's largest estate agency chain said Comments (3)

Poll: Are London flat prices really heading for a fall?

BP blames American company for Gulf oil spill

Report by BP says the initial cause of the world�s worst oil spill in the Gulf of Mexico was a �bad cement job� by a US company Comments (7)

Output at 16-year high but worries remain

Annual growth among UK manufacturers hit a 16-year high in July but figures today could not dispel fears that the sector will weaken Comments

Barratt ups targets for new blocks in the capital

Barratt Developments, the country's biggest housebuilder by volume, said it planned to virtually double its activity in the capital in the year ahead, beginning work on new homes worth more �700 million Comments

GlaxoSmithKline springs finance director surprise

GlaxoSmithKline stuns the City with the appointment of one of the Square Mile's most famous mergers and acquisitions 'rainmakers' to be its next chief financial officer. Comments

Stephen Green

Profile: Stephen Green is the Christian HSBC chairman and now he�s joining the Government as Trade Minister

Phone-hacking probe

Media: Why we may never learn real truth about News of the World phone-hacking

Foster's turns down $2.5bn bid for wine business

Australian brewer Foster�s rejects a A$2.7 billion offer from an unnamed private equity firm for its wine business, sparking hopes that it could now attract a full-scale takeover bid Comments

We still need to curb casino banks, says Vince Cable

Vince Cable signals he is open to fresh ideas on how to reform so-called �casino� banks � the investment arms of high street banks Comments (9)

Acquisitions see half-year sales soar at Alliance Pharma

Specialist medicine maker Alliance Pharma says it is enjoying an �outstanding year� as acquisitions help its half-year sales soar 77% to �23.4 million Comments

Third of people 'fear rise in interest rates'

Nearly a third of Britons are worried about the impact an interest rate rise would have on their finances Comments (2)

Cape profit jumps 17.5% as it restarts dividend payments

Energy sector support services group Cape posted a 17.5% rise in first-half profits and said it was restarting dividend payments and would look to return to London's main market in 2011 Comments

Barclays: �11.5m package for Diamond is 'benchmarked'

Barclays move quickly to defend the �11.5 million pay and bonus package it has offered Bob Diamond to take over as chief executive from John Varley Comments (14)

HSBC hot seat empty as Stephen Green goes into politics

HSBC leaves position of chairman unfilled for the immediate future as Stephen Green is appointed Trade Minister to the Coalition Government Comments (3)

Connaught facing collapse in funding crisis

More than 10,000 jobs are at risk as Connaught, the social housing group, was on the brink of collapse after admitting its lender, Royal Bank of Scotland, is unlikely to provide funds it needs to survive Comments (11)

Office of Fair Trading launches probe into aggregates industry

The UK�s �4.8 billion aggregates industry is under the spotlight, amid concerns over value for money and the sector�s domination by a small number of major players Comments

Troubled Thorntons set to name new chief executive

Thorntons boss Mike Davies is heading for the door, but a successor is lined up and is likely to be announced shortly Comments (1)

Vodafone faces �1.6bn bill as it loses India case

Vodafone lost a case in the Indian High Court which could cost it �1.66billion in back taxes on its �7.2 billion purchase of Essar Comments

Virgin Atlantic solves pilots row to avoid strike

The long-running pilot�s dispute which threatened strike chaos at Virgin Atlantic is over Comments

Hollywood roles help LEGO�s star performance

Toy manufacturer LEGO, famed for its colourful building blocks and elaborate designs, reports a 34% leap in sales to 5.86 billion Danish krona in the first half of the year Comments

Richemont luxuriates in a 37% revenues leap

Richemont, the group behind posh watches Cartier and Piaget, Montblanc pens and Chloe handbags, showed as its five-month sales beat expectations with a 37% jump in revenues Comments

Dana: �240m buy puts firm above Korean bid

North Sea oil group Dana Petroleum bought �240million of assets which it says makes it more valuable than last week's �1.87 billion hostile takeover bid from Korea National Oil Corp Comments

House prices have stabilised, says Halifax

House prices edged ahead by 0.2% during August as activity in the property market remained subdued, figures show Comments (5)

De la Rue fraud probe launched over 'deliberately falsified' banknote tests

Banknote printing firm De La Rue said it had called in the Serious Fraud Office and braced investors for a �35 million profits blow after 'totally unacceptable' behaviour by some employees Comments (1)

Whitbread welcomes austerity drive

Whitbread, the owner of Premier Inn, produces another set of booming sales figures as part of the nation's drive for austerity Comments

British Airways 'interested in future Qantas merger'

British Airways would be interested in discussing a merger with Qantas if Australia's top airline was a willing party, BA Chief Executive Willie Walsh said Comments (3)