Italian luxury goods group Prada prices its Hong Kong share offering at the lower end of its planned range, meaning it will raise $2.1 billion (£1.3 billion) which is $500 million less than originally targeted... more
Shares in Samsonite, the world's biggest luggage maker, plunge 11 percent in its Hong Kong trading debut, boding ill for the giant Prada flotation just days away... more
City folk gave a hesitant thumbs-up to the water industry regulator's new five-year pricing formula which has kept prices flat — but at least one big hitter is cautious about the prospects for utilities next year... more
Given all the rain that has fallen during the past few days, it seems strange that shareholders of the main water utilities are bracing themselves for something of a drought as far as their fortunes are concerned in the years ahead ... more
Share prices on both sides of the Pond are trading at their best levels in more than a year, so stock market investors could be forgiven for thinking the worst of the global recession and banking meltdown is over ... more
Shares of British Airways were flying high today, as they climbed back above the 200p level with a rise of 6p to 206p amid hopes that a merger with the Spanish carrier Iberia will be completed within the next few days ... more
Hong Kong used to be the place to go to seek your fortune when you'd failed in the City. But now only the most successful Londoners can afford to brave the high-risk, high-rise island... more
Is the board of British Airways about to buy a one-way ticket to Madrid? That was the story doing the rounds in the Square Mile this morning amid claims that the proposed merger with Spanish carrier Iberia could be completed by the second quarter of next year ... more
The global economy showed further signs of health today as unemployment in Japan fell and stock markets in Asia surged on news that the US is out of recession ... more
Oops! Even the best of them can get it wrong in the stock market. Just ask Goldman Sachs which had a sell rating on BP ahead of yesterday’s bumper third-quarter numbers which drove the shares 5% higher to a year’s high of 597.4p... more
The Mayor of Tower Hamlets defeated Labour to be elected. Livingstone not only backed him but some of Ken's key players are now at the heart of running the council. Stephen Robinson reports
Tonight:
5°c
