"Bruised, battered and distraught," was one trader's response when asked how he felt. "All my friends have been wiped out," piped in a punter, as he stared at a trading screen covered in red. ... more
"Nothing has changed," hedge fund boss Lex van Dam tells me as the credits roll for Inside Job. "The financial system will all come crashing down again but next time it will come down a lot harder. We have seen nothing yet"... more
Royal Bank of Scotland was London's best-performing blue-chip on reports that the taxpayer-controlled lender is in talks about an early exit from the Government's expensive protection plan... more
The Coalition’s equality minister tells Pippa Crerar why Nick Clegg’s plans for extended leave for new fathers is a winning formula for the whole family... more
Smiths Group was the best-performing blue chip as investors bet that the chances of the technology group receiving a break-up bid have increased... more
Market Round-up: BG Group shares start the day at the top of the FTSE 100’s winners’ board after it wins the environmental go-ahead for its coal-seam gas projects in Queensland... more
Analysis: With the joint threat of strikes and volcanic ash, it’s hard to decide what’s a riskier buy: a BA plane ticket or shares in the airline... more
Market Round-up: Housebuilders are in demand after the Chancellor gave the sector a Budget boost and one of their number clawed its way out of the red... more
Market Round-up: FTSE 250-listed Babcock International agrees a takeover of rival VT Group but the City’s rumourmongers believe it could receive a bid itself... more
What's next on Resolution’s shopping list? The whisper in the City today was that Clive Cowdery may have turned his eyes to the Continent and away from Legal & General for his buyout vehicle’s next insurance acquisition... more
British Airways has been forced to ground 22 of its biggest planes and slash seven routes as it slumped to its first peak-season loss, dropping £148 million into the red... more
Markets: London shares shrugged off an overnight collapse on Wall Street as hopes grew that nationalised banks Lloyds and Royal Bank of Scotland are close to finalising terms of the Government guarantee on up to £500 billion of their most toxic assets... more
Banking: Ailing US banking giant Citigroup unveiled a worse than expected $8.29 billion loss for the fourth quarter amid speculation the US government could be forced to undertake full-scale nationalisation... more
Economics: Investors in London gave a muted response to the dramatic cut in US interest rates as fears over the desperate state of the world economy played on their minds... 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:
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