Aviva sells its RAC roadside rescue business to Carlyle Group for £1 billion, the latest move by chief executive Andrew Moss to streamline a sprawling business... more
East London Bus Group buckles under the weight of its debt and collapses into administration, to be bought immediately by its one-time owner Stagecoach... more
Foxtons is suing a former senior director and his partner amid claims they stole the property giant’s secret client list to set up a rival agency ... more
Analysts reckon Unilever could get bids in from private-equity players PAI Partners and BC Partners for its Findus Italian frozen foods business... 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
Baxi boilers today sealed its long-awaited merger with Dutch rival De Dietrich Remeha in a move aimed at freeing up the British private-equity-owned business of its huge debts ... more
The mining bulls have run ahead of themselves. That is the verdict of Citigroup, which today urged caution in wake of the recent recovery in commodities stocks... 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
Joe Lewis, the man who lost the best part of a billion dollars on buying shares in Bear Stearns as it was about to collapse, owns most of Tottenham Hotspur... more
The super-rich still love London, keeping prices at the top end high. Across the city there remains a shortage of homes but building is slowing in the crunch.
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The private-equity buyout of London estate agent Foxtons was plunged deeper into crisis after lenders seized control of its financial restructuring... more
When will London bounce back from the slump? In his first interview since selling his estate agency, Jon Hunt says the time to buy is when people stop talking about house prices... 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:
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