Debenhams appoint obvious internal candidate as new chief executive, a move that leaves some in the City fearing it will mean business as usual... more
Prosecutors in Munich have charged a former executive at a German bank for allegedly taking bribes from Formula 1 boss Bernie Ecclestone in connection with the 2006 sale of the bank's stake in F1... more
Brit Insurance is heading off the stock market, but said in its last results as a public company that it is doing well enough to demand the top price from its new owners... more
Market Round-up: After Collins Stewart tips Catlin as a takeover target, gossips in the City have already named a price for the Lloyd’s of London insurer... more
Insiders say Teachers’ — the Ontario Teachers’ Pension Plan — will throw its hat into the ring with private equity firms CVC Capital Partners and BC Partners and bid for Camelot... more
The biggest European private equity deal of the year was revealed today, as CVC Capital Partners announced that it will pay as much as $3.03 billion (£1.8 billion) for AB InBev’s central European operations ... more
J Sainsbury whetted City speculators’ appetites today as revived talk of a takeover added almost £1 billion to the stock market value of the UK’s third-biggest food retailer... more
Formula One motor racing boss Bernie Ecclestone pocketed a pay rise of nearly 15 per cent last year, despite the fact the sports series is haemorrhaging over £300 million a year... more
The battle for National Express got into gear today as its biggest shareholder said it has made a private-equity backed offer of 450p for the struggling trains and coach group ... more
Better-than-expected results overnight from Wall Street investment bank Goldman Sachs set the tone for trading in London as investors returned from the Easter break... more
Morgan Stanley has joined the growing number of brokers warning clients that one of the UK’s best-known retailers will have to cut its dividend next month, with potentially disastrous consequences for the share price
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Barclays was today finalising details of the £3 billion sale of its exchange traded funds business iShares to British private-equity group CVC Partners... more
Barclays has moved on to exclusive talks with London-based private-equity firm CVC Partners to sell its iShares exchange-traded funds business for £3 billion... more
Royal Bank of Scotland dramatically scrapped the sale of its insurance division, which includes Direct Line and Churchill and had originally been expected to raise the bank up to £7 billion in badly needed capital... more
Banking: There is growing speculation that Royal Bank of Scotland may dump its Bank of China stake as a three-year lock-up on the shares expires... more
Afternoon:
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