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HEADLINES:
Irene Rosenfeld

'Cheapskate' Kraft offers only 717p for Cadbury

Kraft today formally launched a £9.8 billion takeover bid for Cadbury, taking the fight to acquire the business directly to shareholders  Comments 

Oil increase from Iraq

Iraq today set its sights on ramping up oil production as international firms such as BP move back into the country after years of war  Comments 

Henderson’s Chime deal

The man who made his money by keeping his clients’ secrets, was today keeping mum about how much he will pocket from selling his own PR firm  Comments 

Five feels the pain of £20.8m loss

Channel Five underlined the challenging state of the terrestrial commercial TV market as new figures showed it recorded a £20.8 million annual loss  Comments 

Premiums boost Lloyd’s pair

Lloyd’s of London insurers Hiscox and Beazley enjoyed the calm after the storm in the last three months, boosted by higher gross premiums and investment profits  Comments 

Corporate entertainment

mandelson xmasPsst! Keep it quiet but the City still wants to celebrate

BA analysis

ba boarding passStaff and fuel costs are too high as passengers fly “Anyone But BA”
 

Banks ‘causing property bottleneck’, says expert

Britain’s banks are causing a bottleneck in the commercial property market by holding onto seized assets rather than selling them on, an industry expert warned today  Comments 

Allianz back in profit as sales beat forecasts

Insurer Allianz today bounced back from heavy losses a year ago with a forecast-beating surge in profits on sharply higher revenues  Comments 

Capital leads recovery but job losses still rise

London is leading the UK out of recession despite unemployment continuing to rise at pace in the capital  Comments 

German manufacturing rise another boost for eurozone

The economic recovery in Europe gathered pace today after a rise in Germany’s industrial output  Comments 

Wal-Mart sells Asda to Corinth in UK restructuring

Wal-Mart has carried out an internal restructuring of its UK business which has seen it “sell” Asda to another Wal-Mart company for £6.9 billion  Comments 

Axa plans Asian push with €2bn rights issue

French insurance giant Axa today unveiled a major restructuring attempt including a €2 billion (£1.7 billion) rights issue to fund a push into Asia  Comments 

Long-haul fliers spurn Aer Lingus

Aer Lingus, which fought off an acrimonious takeover bid from Ryanair, today said revenues fell 10% in the past three months compared with the same time last year  Comments 

Can British Airways survive the recession?

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Should the G20 launch a Tobin tax on investment bank transactions?

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Market Roundup
MONDAY UPDATE

Metals add lustre to miners as dollar is in the doldrums

The price of gold traded at a record high of $1108.00 an ounce on world markets today in response to a weaker dollar

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City Spy, cityspy@standard.co.uk

Apple’s iPhone in dubious taste

“An iPhone application that recently made its way into the Apple App Store has sparked some controversy — a digital version of Adolf Hitler’s book Mein Kampf

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