Investment bank Collins Stewart Hawkpoint posts higher first-half profits as growth at its wealth management division and Hawkpoint corporate advisory unit offsets a dip in earnings at its broking arm... more
War has broken out between Jeremy Heywood, Permanent Secretary at No 10, and his boss, Sir Gus O'Donnell, the Cabinet Secretary, the ultimate Sir Humphrey in Whitehall (he likes to use his initials - "GOD")... more
The decision of Fairfield Energy to cancel its initial public offering is bad news for the six banks, brokers and financial advisers that advised on the failed float... more
Office, the British fashion and sports footwear retailer which includes David Beckham as a fan, has hired advisers on a possible sale of the business... more
Comment: The official business of the board meeting of British Widgets plc has just ended. Talk, naturally, turns to the hottest subject in the City at the moment...... more
Terry Smith, chief executive of interdealer broker Tullett Prebon, is standing down as chairman of stockbroker and investment bank Collins Stewart... more
City Comment: At first sight, there is no obvious connection between HSBC chief executive Mike Geoghegan landing in Hong Kong and sterling going on the slide - but they are different parts of the same trend... 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
One of the big questions brought on by the credit crunch is whether the private-equity industry is dead, or as Michael Palin famously argued about the Monty Python parrot, merely resting... more
Racal Acoustics, the Harrow-based manufacturer of military communications headsets, is to be put up for auction with a likely price tag of £100 million... more
The credit crunch is having a dire effect on smaller companies' plans to float or raise money on the Stock Exchange's Alternative Investment Market... 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
