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Lloyds Banking Group

Lloyds sets top price in record £13bn rights issue

Lloyds Banking Group today fired the starting gun on its record-breaking rights issue pricing the new shares at the top end of the range it set itself three weeks ago  Comments 

Nomura hit for £18 million by rogue trader and FSA

A rogue trader at Nomura has cost the investment bank £16.3 million and seen the London end of the firm fined £1.75 million by the Financial Services Authority for failing to keep adequate systems and controls  Comments 

William Hill

City surprise as William Hill’s finance director quits

William Hill surprised the market today when it suddenly announced it is parting company with finance director Simon Lane  Comments 

Mervyn King

Screw up and you should fail, King tells banks

Bank of England Governor Mervyn King declared that banks which “screw it up should be allowed to fail” in his starkest warning yet to the industry  Comments 

Price-fixing builders appeal over mega-fines

The Office of Fair Trading’s unprecedented £130 million fines on price-fixing builders was in chaos today after a fifth of them lodged appeals  Comments 


George Osborne

Conservatives plan to create 'green investment bank'

Video: Environmentalists welcomed Tory proposals to create a "green investment bank" as the Opposition began a concerted effort to show its eco-friendly credentials  Comments 

No orders: the chain, in Oxford Street and elsewhere, is in difficulties

Website closure prompts fear for Borders’ chances of survival

Fresh fears were raised over the survival of High Street bookseller Borders after its website closed to trading and staff at stores said they had been told to stop accepting advance orders  Comments 

Alliance Trust upbeat about future prospects

Investment company Alliance Trust said it was “cautiously optimistic” about its prospects as it pumped more money into the recovering stock market  Comments 

Flavio Briatore

Briatore picks up £6.5 million through Spanish F1 broadcast

Flavio Briatore, the former boss of Renault’s Formula-1 team, made £6.5 million last year from the rights to broadcast the sport in Spain according to the latest accounts for his Kent-based company Stacourt  Comments 

Firms lose out as bank loans cost ‘an arm and a leg’

Banks were accused of ripping off businesses by charging firms “an arm and a leg” for lending  Comments 

Plus to find itself minus two cost-saving customers

Two high-profile companies joined the exodus from Plus Markets today because of the hefty price tag attached to a listing  Comments 

Lehman clients in line for a refund

Hedge funds and other big investors are set to regain $11 billion (£6.6 billion) which was frozen by administrators of Lehman Brothers’ London-based European business, if over 90% approve a new asset repayment plan  Comments 

Software firms offer £20,000 reward to whistleblowers in war on piracy

The British Software Alliance is doubling its reward to £20,000 for whistleblowers who report software piracy in London in the run-up to Christmas  Comments 

Severn Trent invokes poor economy for raising prices

Historically high household bad debts, falling consumption and dramatically changing weather patterns threatening supply and causing flooding are all reasons for not cutting water bills, Britain’s largest quoted water company has said  Comments 

Hewlett Packard posts a rise in profits despite fall in sales

Hewlett Packard managed to produce a 14% rise in profits in the latest quarter even though its revenues had fallen by 12%  Comments 

Premier Inn’s budget hotel brand checks into India

It's taken the UK hotel trade by storm, now Premier Inn is exporting its brand of cheap, but quality rooms to India  Comments 

Topps Tiles £15m share issue

Topps Tiles is raising £15 million from investors to shore up its balance sheet and leave it with cash to fund expansion  Comments 


Should the Government put another £5.8 billion into Lloyds?

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Market Roundup
TUESDAY UPDATE

Gold’s historic high leads to profit-taking among miners

The gold price ran into profit-taking despite further slippage in the value of the dollar

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City Spy, cityspy@standard.co.uk

Xstrata’s crafty accounting...

“A curious — and unusual — item in the accounts of ambitious Anglo-Swiss mining group Xstrata has been noticed by City Spy

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