A bevy of private-equity firms are jostling to buy the Czech brewer Staropramen and the rest of the central and eastern European beer interests of the Budweiser and Stella Artois brewer Anheuser-Busch InBev... more
It has been a day to remember for two of the Square Mile’s big-hitters, Citigroup and JPMorgan Cazenove, which were busily placing the rump of two recent rights issues ... more
The future of Hamleys, Britain's biggest toy shop and a major London tourist attraction, was thrown into doubt after its owner collapsed into administration ... more
Jamie Dimon’s JPMorgan Chase is expected to make a new bid for Washington Mutual, the biggest building society in the US, after its credit rating was cut to junk by Standard & Poor’s... more
Bradford & Bingley came under fresh pressure after the underwriters in its disastrous £400million rights issue were left holding millions of shares... more
Texas Pacific Group was fighting to save its reputation in the City after its boss David Bonderman intervened personally to pull the plug on the deal designed to save Bradford & Bingley... more
There was an audible sigh of relief across the City this morning: at last the authorities seem to have got their act together and quickly and efficiently saved a bank... more
Debenhams has moved to reassure investors it is not going bust, angrily rejecting what chief executive Rob Templeman called "recent inaccurate market rumours and speculation".... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
Morning:
6°c
