Activist investor Laxey Partners today dumped its 19% holding in Shaftesbury after a clash with the West End landlord over its £150 million rights issue ... more
Shares in Standard Chartered jumped more than 10% after the Asia-focused bank said it delivered record levels of revenue and profit in the first quarter despite challenging economic conditions
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Barclays has said it was considering raising funds from the markets instead of the British taxpayer but analysts warned that it may be disappointed as investors snub banks.... more
Fund managers and banking analysts react with dismay to the Treasury’s plans to control how much banks pay out in dividends if they take up any of the Government’s £50 billion recapitalisation offer... more
Analyst Alastair Stewart says he can't recommend a purchase of housebuilders. Sale prices have almost halved, development land is worthless and those few people who want to buy can't raise the money... more
Banking: The City reacted coolly to Lloyds TSB’s rescue takeover of HBOS with several analysts questioning the strength of the so-called superbank’s balance sheet and ability to raise funds... more
Shares in the Halifax banking group, HBOS, plunged sharply for the second day running amid fears that it could be a major victim of the collapse of US investment bank Lehman Brothers... more
Richard Pym, who has been parachuted in as the chief executive of troubled bank Bradford & Bingley, will be paid a guaranteed £2.25 million for the next 10 months' work... more
As the credit crunch puts the squeeze on the City, hotshots are saying goodbye to London and hello to the new global powers of Mumbai, Dubai or Shanghai... more
Morning:
6°c
