Cheers in the legal world as the administrators of Halliwells indicate that they are to pursue 32 former equity partners of the failed law firm... more
Dubai's stock exchange, Borse Dubai, may consider selling a part of its 20% stake in the London Stock Exchange to facilitate a merger between the LSE and the Toronto exchange operator TMX, according to local reports... more
Qatari ruling family are poised to add to their already bulging portfolio of trophy London assets with a bid for a third ownership of the Savoy... more
Market Round-up: The adventures of Cairn Energy in Greenland are kicking off, providing relief to some investors who feared the Gulf of Mexico disaster might force the campaign to be delayed... more
Restaurateur Richard Caring will be told to pay more than £4.5 million for affordable homes in return for permission to turn the former US naval offices in Grosvenor Square into 41 flats... more
One of London's most well-known retail developers has won the contest to develop the site of the American Embassy in Grosvenor Square, the Standard can reveal... more
Credit Crunch: The heat was turned up on Barclays’ £7 billion Arab fund-raiser as an outspoken investor group said it was the duty of shareholders to block the deal
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Credit Suisse, the investment bank that employs thousands of people in its London headquarters at Canary Wharf, welcomed moves by the Swiss authorities to support the banking system... more
Banking: As Barclays turned down taxpayer money and sought foreign investment, the extent emerged of the losses made by sovereign wealth funds betting on Western banks... more
As Barclays today turned down taxpayer money and sought foreign investment, it became clear how much sovereign wealth funds have lost in betting on Western banks... more
Barclays has said it was considering raising funds from the markets instead of the British taxpayer but analysts warned that it may be disappointed as investors snub banks.... more
The lack of spare cash in drinkers’ pockets appears to be having a detrimental effect on the UK’s big pub chains, judging by the collapse in their share prices this year.... more
The UK's third-biggest supermarket chain J Sainsbury put in a late spurt this afternoon as speculative buying pushed the price 14¼p higher to 333p... more
HBOS and Barclays secure a combined £8.5bn in fresh capital, but there is immediate concern that they may need to seek yet more money if the credit crunch worsens... more
The credit crisis has been dragging on for a year so it's no wonder troubled financial institutions and Western governments are taking more interest in sovereign wealth funds... more
Afternoon:
8°c
