Business

HEADLINES:
Bob Diamond

Crisis deepens as interbank cost of borrowing jumps

Lending rates between banks jumps, and Barclays write off another £1 billion Comments

Browett's rough ride

DSG shares dive as new boss's revamp falls flat

Shares in struggling retailer DSG International plunge 9% as radical plans to save the business fail to wash in the City Comments
Carl Icahn

Fund manager halts move on Yahoo board

Hedge fund manager Eric Jackson, who wants to oust Jerry Yang as chief executive of Yahoo, has dropped plans to propose his own slate of directors for the internet firm Comments

Michael Grade

ITV ahead of market on adverts income, says Michael Grade

Michael Grade says ITV is set to outperform the rest of the television industry for the first time in eight years Comments
Justin King, chief executive of Sainsbury

Supermarket bosses: Yes, it's tough on High St - but inflation is not that bad

ANALYSIS Despite the headlines, we are probably some way from a free-for-all erupting at the local Waitrose Comments


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More business news

GE may spin off its washers arm

General Electric may sell off its large-appliances division, which makes fridges and washing machines, after more than 100 years in the industry Comments

UBS faces probe into 'tax dodges'

US prosecutors are to demand names of wealthy UBS clients suspected of using the Swiss banking giant to help avoid income tax, reports in the US say Comments

Airlines reopen talks on a tie-up

Talks between United Airlines and Continental on an alliance that was ruled out just a month ago appear to be back on Comments

Grid may switch balance of power with buy in Germany

National Grid indicates it could be on the verge of turning the tide of industrial history by bidding for a major chunk of Germany's electricity market Comments

Thomas Cook cuts losses as sales hold up

Thomas Cook says demand for holidays is booming despite the consumer slowdown and grim outlook for the economy Comments

UK unit of Axa fined for failings on subprime

A UK network of home-loan arrangers owned by French financial giant Axa is fined almost £1m after an investigation into the mis-selling of subprime mortgages Comments

Paddy Power on a winner with £65m

Earnings soar at top Irish bookmaker Paddy Power Comments

Verwaayen signs off from BT with revenues surprise

Ben Verwaayen signs off as chief executive of BT Group after six years in charge on a high with much better than expected trading in the final three months of its financial year Comments


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Analysis

Stuart Fraser

City's new champion is ready to thump tables for its future

Stuart Fraser has succeeded Michael Snyder as the Square Mile's chief executive and is determined to defend it against all-comers including the Government Comments
Alison Steadman and Kevin Whateley

Divorcing couples face living under the same roof as house prices slide

Falling house prices may make it harder for couples to divorce, according to family lawyers Comments
SocGen

SocGen faces up to hard truths after rogue scandal

Investors will be looking closely at its effect on the bank's ongoing business Comments
 

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