Is the board of British Airways about to buy a one-way ticket to Madrid? That was the story doing the rounds in the Square Mile this morning amid claims that the proposed merger with Spanish carrier Iberia could be completed by the second quarter of next year ... more
There was no let-up for the banks this morning as they came under fresh selling pressure in the wake of the EU’s insistence that the Dutch state-aided bank ING must be split in two ... more
The latest find by BG in the deep water off Brazil is a “supergiant” field and one which will outshine BP’s “giant” discovery last week in the Gulf of Mexico, the company said ... more
As the football season draws to a close — it must be because it’s raining at Lords, halting the First Test — and the football writers ponder their final vote for next week’s award, I think we need a team assessment of the UK banks
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Shares in Wolseley, the world’s biggest plumbing-equipment supplier, soared 107p to 1456p today after American investor Gores Group took the lossmaking US subsidiary Stock Building Supply off its hands... more
Stock-market bears, who have been selling the life assurers aggressively short in recent weeks, claiming they would be the next casualties of the banking crisis, were feeling the pain today as their shares soared.... more
The big income funds, which look after our pensions and life assurance annuities, may have to face up to some lean stock-market pickings in 2009.... more
The Mayor of Tower Hamlets defeated Labour to be elected. Livingstone not only backed him but some of Ken's key players are now at the heart of running the council. Stephen Robinson reports
Tonight:
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