BlackRock, the world's largest fund manager, will use profits it is making in gold and bond markets to seek out bargains in falling global equity markets, its investment strategist said... more
The United States had its triple-A rating confirmed by two key ratings agencies after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain... more
London fund manager Taube Hodson Stonex can be revealed as the third-largest voting shareholder in News Corporation and will play a crucial role in deciding whether Rupert Murdoch can remain at the helm... more
If the Queen had not abolished the practice in 1958, today would have been the start of the summer season with three, high-profile debutantes coming out on the London market... more
London's budding entrepreneurs are showing little sign of the economic jitters besetting the wider economy, according to Workspace chief executive Harry Platt... more
Global commodities trading titan Glencore announces the pricing of its long-awaited stock market flotation at between 480 and 580 pence per share, valuing the company at $60 billion... more
Commodity trading giant Glencore is finalising the proposed share price range and prospectus for what is set to be London's biggest stock-market flotation... more
Money manager BlackRock - one of the biggest shareholders in British companies - paid its chief executive Laurence Fink $27 million in salary and bonus last year, it has emerged... more
BSkyB shares jump to a nine-year high of 817.5p as top shareholder Crispin Odey demands at least 950p for Rupert Murdoch's News Corp to buy the pay-TV giant... 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
Monaco is a place most closely associated with luxury and secrecy - which makes it a curious choice of name for the Royal Bank of Scotland’s first attempt to unwind its commercial loan portfolio... more
The entire British utilities industry was the subject of City whispers today after UBS flagged up the possibility of a string of deals in the next few years... more
Shares in Royal Bank of Scotland plunged to their lowest since April, with trading briefly halted, as a triple-whammy of worries sparked a sell-off... more
Shares in Lloyds Banking Group have topped the £1 level for the first time since the start of the year, bringing them closer to the average price of 120p that the Government paid for its 43% stake in the ailing lender last year ... more
Barclays revealed it lent £17 billion to UK households and business in the first half of this year — already outstripping the £11 billion target it set for the whole of 2009 ... more
BlackRock's tentacles are everywhere, from advising the US government and managing vast pools of toxic assets for the Federal Reserve, to running humdrum retirement accounts... more
Shares of Heritage Oil hit a low for the day of 510p before rebounding with a rise of 26½p to 532p after announcing plans to raise up to £137 million to help finance the proposed acquisition of Genel Energy International... more
Barclays have agreed the much anticipated sale of its giant fund management business Barclays Global Investors to American rival BlackRock for a top-of-expectations price of $13.5 billion (£8.2 billion) ... more
When Boots was taken over by Stefano Pessina’s Alliance group, I irritated Richard Baker, the then Boots chief executive, when I said I did not expect him to last six months under the new regime. He disagreed and he was right; he lasted about a year. In the end though, he decided the company was not big enough to have a hands-on executive chairman in Pessina, and still leave a proper job for the chief executive ... more
Finance: The US Federal Reserve has set a goal of buying $500 billion in mortgage-backed securities by mid-2009 in a bid to bring down mortgage costs and restart the collapsing housing market... more
You would think that bankers would by now be wary about following the latest fashion, but it would appear to be a habit too deeply ingrained to shake off... 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:
8°c
