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Tesco protesters

Tesco hit by new shareholder revolt over pay for executives

Shareholder anger over executive pay boiled over when investors holding a hefty 42% of the stock refused to back Tesco's decision to make its share option plan even more generous  Comments 
For sale signs

Homeowners pay off record £8 billion of mortgages

UK homeowners repaid a record amount of mortgage debt in the first three months of the year as the recession reversed the borrowing binge of the past decade  Comments 

Linklaters beats rival law firms in bankruptcy bonanza

Linklaters emerged as the highest-grossing UK legal firm as it raked in fees from advising on three of the biggest corporate collapses of last year  Comments 

pills

Generic drugs industry is damaged by quality fears

The UK's medical watchdog has recalled multiple generic drugs from Britain's pharmacy shelves due to "serious" deficiencies, in a move that threatens to damage the reputation of non-branded medicines  Comments 
Petrol pump

Bargain supermarket Aldi may bring cheap petrol to Britain

The Austrian arm of discount supermarkets chain Aldi launched the company’s first petrol stations with astonishingly cheap fuel, triggering hopes that it may do the same in Britain  Comments 


Financial Offers


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Buffett hands Bill Gates foundation £762m

Billionaire Warren Buffett has donated $1.25 billion (£762million) in Berkshire Hathaway stock to the Bill & Melinda Gates Foundation  Comments 

M&G's bet on Tullow the star as funds stage a comeback

UK equity funds delivered average returns of 3.2% in the first half, with M&G Group's Recovery Fund leading the way among the biggest players after it bet on Tullow Oil and Invensys.  Comments 

Spurs owner "offered seat on pub giant's board"

Tottenham Hotspur tycoon Joe Lewis and horseracing magnates John Magnier and JP McManus could soon find themselves able to call the shots at pubs group Mitchells & Butlers  Comments 

'Bankers need to be brought back to earth' says Alistair Darling

Alistair Darling promised tighter regulation of the financial system and warned bankers that the return of the bonus culture risked fuelling another crisis  Comments 

Sigma case to decide on SIV creditors' claims

Lenders caught up in the meltdown of toxic assets during the collapse of structured investment vehicles in the financial crisis, are to learn what rights they have to claim back their money  Comments 

City probes fund manager for taking Madoff money

City investigators are investigating a former Austrian fund manger alleged to have been paid kickbacks for funnelling investments to disgraced financier Bernard Madoff  Comments 

BHP Billiton reduces nickel exposure with sale

BHP Billiton sold its Yabulu nickel refinery in Australia as it retreated further from high-cost nickel operations  Comments 

Work on M25 keeping the wheels turning at Balfour

Balfour Beatty, the construction giant which has just started work on some major disruption of the M25, admitted trading in the past six months had been a case of swings and roundabouts  Comments 

Regulator puts French bid at US nuclear buy under a cloud

The French walked off with the UK's fleet of nuclear power stations last autumn in an uncontested £12 billion raid, but EdF's attempt at a similar coup in the US may be unravelling  Comments 

Photo-Me turns to former chief after losses of £18m

Photo booths firm Photo-Me International today reported losses of £17.7 million and turned to former chief executive Serge Crasnianski to improve its fortunes  Comments 

Cosalt £3.4m in red as work dries up

Offshore oil and gas contractor Cosalt plunged to a half-year loss of £3.4 million as it today admitted lower oil prices and the recession have led to work being put off  Comments 

Baxi Dutch merger to fire up debt fight

Baxi boilers today sealed its long-awaited merger with Dutch rival De Dietrich Remeha in a move aimed at freeing up the British private-equity-owned business of its huge debts  Comments 


Should National Express be stripped of its other rail franchises?

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Analysis

daimler

Daimler faces battle to drive Mercedes out of slow lane

Recession has hit the global car industry like a sledgehammer - and Mercedes' parent company Daimler is no exception  Comments 
green energy

Eco-stocks are bubbling again

So rudely interrupted by the financial crisis of the last year, the green energy stock-market bubble is beginning to inflate again  Comments 
edward vandyk

Dr Death and the failures that have earned him his nickname

Trained GP Edward Vandyk heads the firm that has just been hit with the second-biggest ever fine against a small-companies stockbroker  Comments 
 
Market Roundup
FRIDAY UPDATE

Miners the bright spot as volatility batters punters

Stock-market investors might have wished for a better start to the second half of the year. As it is they’ve taken something of a battering, with the prospect of further volatility to come

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City Spy, cityspy@standard.co.uk

Gloves off for BGC vs Tullett fight

Roll up! Roll up! Monday sees the start of what could be a fascinating week in the High Court in the Strand. Case Number One, which may well take all of July, involves City giants Tullett Prebon (prop. Terry Smith) and BGC over alleged poaching of Tullett’s highly paid expert staff

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