It is a couple of years now since some £280 billion of toxic loans were funnelled out of Royal Bank of Scotland and parked where they could be managed separately. In the two years since, well over £100 billion has been got rid of - in a series of deals with either the original borrowers or outside buyers, which is good progress... more
Have we reached a point in our contempt as a society for anything that smacks of City and profit, and therefore capitalism, that we cannot see reason?... more
Southern Cross entered the breaker's yard yesterday after being given a four-month restructuring deadline. Britain's biggest care home operator will now be pulled apart by a squabbling group of financial merchants, whose failure to see that if they couldn't hang together they would inevitably fall apart is astonishing... more
Can we continue to defend city greed? How can the actions of Blackstone in packaging up the Southern Cross nursing homes, pocketing £1 billion from selling them, and watching as they sank under a burden of debt, possibly be justified?... more
The care homes businesses looking after hundreds of thousands of the UK's elderly are tottering under a £2 billion debt pile, figures compiled by the Evening Standard show today.... more
Some good news for the Marylebone Cricket Club. JPMorgan, arguably Wall Street's most successful bank, has stepped in with a major, four-year sponsorship deal for Lord's, including its media centre... more
Jaffa Cakes and Hula Hoops are to have a new owner if plans from private-equity giants Blackstone and PAI Partners to sell their United Biscuits giant come to fruition... more
The hiring of Blackstone by Lady Nina Bracewell-Smith to sell her 15.9% stake in Arsenal has been seen as a sign that the club will be heading to American hands... more
The Wellcome Trust could be the newest player in Britain’s banking sector after making a joint bid with private equity group Blackstone to buy 320 Royal Bank of Scotland branches... more
John "Studs" Studzinski, the London-based philanthropist banker, shows why private equity giant Blackstone hired him from HSBC to be its prime dealmaker... more
The Business Interview: In London, the second you decide to take the children out for a day, the choice quickly narrows down to something belonging to Nick Varney's Merlin Entertainments... more
On Property: The City is optimistic about Shaftesbury as an "unprecedented number of visitors" hits its patch, so how can it move the share price further?... more
Madame Tussauds owner Merlin's boss Nick Varney is keeping his options open about a £2 billion float despite the collapse of flotations from Travelport and Matalan... more
A former director of Royal Bank of Scotland and an ex-chief executive of Abbey National have been hired to help private-equity house Blackstone in an assault on the British banking sector... more
Travel reservations firm Travelport outlines plans for a £1.2 billion fundraising in London in the biggest listing in the capital in nearly two years... more
Orangina Schweppes changed hands again today as private-equity groups Blackstone and Lion Capital sold the business they bought from Cadbury to the Suntory Japanese drinks group in a deal thought to be worth about $2.6 billion ... more
With the FTSE 100 poised to break through the psychologically important 5200 barrier, the overriding issue is one of investor confidence in the rally... more
British Land finally sells half its stake in City of London office complex Broadgate - giving it the firepower to embark on a £1 billion spending spree.... more
Private equity tycoon Stephen Schwarzman is declared America’s highest paid executive as he made a $702 million (£425 million) bundle from his Blackstone buyout giant ... more
Blackstone, probably the biggest name in private equity, this afternoon delivered some much-needed good news for the industry as it beat profit forecasts and sounded optimistic about coming months ... more
Private-equity giant Blackstone is set to launch its first fund targeting Asia, with plans to tap investors in London and around the world for up to £505m ... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
8°c
