Father and son who used coded messages about Chinese meals to exchange illegal share tips convicted of insider trading that made them more than £100,000... 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
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
Balfour Beatty is on the verge of a major acquisition believed to be in the US which will see it go to shareholders to raise around £350 million via a rights issue... more
Shares in the UK’s best-known retailer Marks & Spencer were heading back towards their high for the year today with the help of another broker’s recommendation ... more
It has been an eventful week for Lloyds Banking Group - and it's only Tuesday. The shares today firmed 0.9p to 98.9p ahead of tomorrow’s share placing... more
As the football season draws to a close — it must be because it’s raining at Lords, halting the First Test — and the football writers ponder their final vote for next week’s award, I think we need a team assessment of the UK banks
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Car dealer Inchcape was close to setting a record for a distressed rights issue, offering investors new shares at just 6p against last night’s close of 503/4p... more
Top earners at City broker Collins Stewart have had their bonuses held back and the rest of the staff have been told “to wake up and get real” about their bonus expectations... more
Cairn Energy is looking to raise an extra £120 million to help build pipelines to transport the vast oil reserves it has in India's Rajasthan region... more
Premier Foods is dishing out £25 million to investment banks to push through a £404 million rights issue it desperately needs to bolster its debt-ridden balance sheet... more
Banking: Fears are growing that British and European banks will be hit by a second wave of huge losses, caused by defaults in the US on what are known as Alternative-A mortgages... more
Merrill Lynch’s Bob Wigley seems firmly established as bookies’ favourite to take over from Dame Clara Furse as chief executive of the London Stock Exchange later this year... more
Sofia Coppola's boyfriend is lead singer and they won the Grammy for Best Alternative Music Album this year. Now, Phoenix tell Nosheen Iqbal, they are set to conquer London
Move over, Mahiki. Nightclub entrepreneurs Charlie Gilkes and Duncan Stirling are soon to launch a new Eighties-inspired club in Chelsea, in honour of Lady Thatcher
Morning:
10°c
