GREEK BANK SCUPPERS HOPES OVER DEAL
Alpha Bank, Greece’s third-largest lender, has killed hopes of a merger deal with larger rival National Bank of Greece, scotching the push by regulators and the government for the country’s troubled banking sector to strengthen itself through consolidation.
RETAILERS RUN OUT OF IPAD 2 WITHIN HOURS
Many retailers and Apple stores ran out of the computer company’s second-generation iPad tablet within hours of its first availability, suggesting that initial sales could surpass those of the first version. Queues in America wrapped around city blocks.
The Daily Telegraph
SERIOUS FRAUD OFFICE PLANS NEW KAUPTHING RAIDS
The Serious Fraud Office is set to launch a series of new raids connected to the collapse of the Icelandic banking system as part of the growing investigation which saw Robert and Vincent Tchenguiz arrested in their London homes last week. The SFO is believed to be planning a series of additional raids in the hope of uncovering vital evidence on the 2008 failure of Kaupthing.
JON MOULTON BUILDS £200M GREEN ENERGY FUND
Jon Moulton, the venture capital veteran, is to launch a £200m investment fund to focus on sustainable energy and infrastructure.
FERRARI ROARS INTO INDIA IN PURSUIT OF THE SUPER-RICH
Ferrari is to start selling sports cars in India this spring as it seeks to tap into booming demand for luxury vehicles in the third largest economy in Asia. The Italian carmaker has signed an agreement with Shreyans Group of India.
WHICHEVER WAY YOU LOOK AT IT “ENGLAND FACES HUGE SHORTAGE OF HOUSES BY 2025”
England could face a housing shortage equivalent to the entire housing stock of Birmingham, Liverpool and Newcastle unless there is a “fundamental review of housing policy”, according to the Institute of Public Policy Research.