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Monday 12 July 2010
THE most dramatic stress scenario for tests being applied to European banks envisages write-downs of 2.3 per cent on German government bonds, 20 per cent on Greek sovereign debt and between five and 11 per cent apiece in the case of other peripher
Monday 12 July 2010
OCADO’S advisers reacted furiously last night to suggestions its £1bn flotation may be in trouble. The firm spoke out against a number of high-profile fund managers it claims are attempting to undermine the pricing of its IPO.
Monday 12 July 2010
HERE is another reason why the recovery will be muted.
Monday 12 July 2010
FINANCIAL TIMES CHINA BANKS FEAR FALLING CONFIDENCE Faltering confidence in the Chinese economy could threaten the plans of the country’s banks to shore up capital reserves, the head of China Construction Bank, has warned.
Monday 12 July 2010
A legal battle between Commerzbank and a former Kleinwort investment banker over the use of the Kleinwort name has been settled.
Monday 12 July 2010
Japan's ruling party, mauled in yesterday's upper house election, faces an uphill struggle to win new allies to back its policies to cut back huge public debt and probably bitter infighting over whether the premier should quit.
Monday 12 July 2010
CHANCELLOR George Osborne will come under pressure to increase the independence of the Office for Budget Responsibility (OBR) when its head, Sir Alan Budd, is grilled by an influential body of MPs this week.
Monday 12 July 2010
NICK Clegg, the LibDem leader, finally saw off Gordon Brown’s hopes of clinging to power in the wake of the hung parliament by demanding he resign before any Lib-Lab deal was agreed.
Monday 12 July 2010
DIRECTOR of the Institute for Fiscal Studies (IFS) Robert Chote is a strong candidate to replace Sir Alan Budd as chairman of the Office for Budget Responsibility (OBR).
Monday 12 July 2010
UPDATES to BP’S containment plan caused oil to spill freely into the Gulf of Mexico over the weekend as the company was dealt another financial blow by well partner Anadarko.
Monday 12 July 2010
TELECOMS giant BT will this morning begin a court case that could have a momentous impact on its future. Trustees of the firm’s pension plan are seeking a ruling on how far the government will underwrite the bloated scheme.
Monday 12 July 2010
DEUTSCHE Bank’s investment banking chief Anshu Jain has topped a power list of the 100 most influential people in European financial markets.
Monday 12 July 2010
BANK of America (BoA) has admitted it incorrectly classified figures of up to $10.7bn (£7.1bn) in short-term lending and repurchase deals for mortgage securities as sales.
Monday 12 July 2010
PRIVATE equity firm JC Flowers is in advanced talks with building society Kent Reliance to create a joint venture which could pave the way for a new “mini super-mutual”, transforming the fortunes of the ailing sector.
Monday 12 July 2010
HOUSEBUILDER Taylor Wimpey has returned to the negotiating table with lenders, in a bid to access funding for land purchases.
Monday 12 July 2010
LORD Levene and Sir David Walker’s new high street bank plans to scour the market for potential online banking acquisitions after initially launching a bid for a retail branch network.
Monday 12 July 2010
CAROLYN MCCALL, easyJet’s newly appointed chief executive is to launch a review of the airline’s business model with plans to deliver her findings to investors in November.
Monday 12 July 2010
US Democrats will have little margin for error this week as they push for final congressional approval of the most comprehensive rewrite of financial rules since the Great Depression of the 1930s.
Monday 12 July 2010
OFFICE rents in the City have advanced at a record pace this year, rising by nearly 12 per cent in the last quarter and by almost 25 per cent since January, says research out today.
Monday 12 July 2010
BRITISH Airways, American Airlines and Iberia are set to win EU antitrust clearance this week to deepen their Oneworld alliance.
Monday 12 July 2010
THE man once touted as a potential chief executive of the international investment bank Lazard is to return to the company he worked at for almost three decades.
Monday 12 July 2010
HSBC could be close to finalising a deal to sell its British rolling stock leasing business for £1.7bn to a consortium of City investors.
Monday 12 July 2010
As an exercise in transparency Europe’s so-called stress tests have already failed. We were promised the methodology and all we got was the madness; a drip, drip, drip of information that has slowly driven the markets round the twist.
Monday 12 July 2010
MINING giant Rio Tinto is considering the sale of $75m (£49m) of its Chapudi coal exploration assets in South Africa.
Monday 12 July 2010
EXPRESS Newspaper owner Richard Desmond has emerged as an unlikely frontrunner in the battle to buy Channel Five.
Monday 12 July 2010
SPORTS broadcaster Setanta’s British arm collapsed owing £550m to creditors including the Football Association and the Scottish Premier League, according to the final report from administrator Deloitte.
Monday 12 July 2010
THE group of wealthy City financiers hoping to wrest control of Manchester United appeared to resurrect their plan when they met with supporters’ groups over the weekend.
Monday 12 July 2010
ROCKHOPPER, the oil explorer which became an investors’ darling after striking black gold off the coast of the Falkland Islands, is eyeing a second big discovery in the region.
Monday 12 July 2010
THE future driver of growth in advertising will be eastern and south eastern economies, according to Martin Sorrell.
Monday 12 July 2010
ITALY’S biggest utility Enel plans to list a stake in its renewables unit despite difficult market conditions and a potential change to Italy’s renewable incentives scheme, Chief Executive Fulvio Conti said.
Monday 12 July 2010
FRENCH aerospace group Zodiac Aerospace yesterday said it had rejected a preliminary takeover approach from state-controlled Safran and vowed to stay independent and even seek more acquisitions.
Monday 12 July 2010
OFFICIAL data out on Wednesday is expected to show that fewer Britons claimed jobless benefits in June, the fifth successive monthly drop in the claimant count measure.
Monday 12 July 2010
GOLDMAN Sachs has stepped up its drive to repair its image in the City with a donation of £1.5m to the Mayor’s Fund for London, which will help put young people into work.
Monday 12 July 2010
BUSINESSES remain pessimistic on the chances of a sustained economic recovery, despite indicators showing that trading levels are at their strongest since before the financial crisis.
Monday 12 July 2010
THE founders of Ideal Shopping Direct are considering selling their 35 per cent stake in the home shopping channel group to cash in on a near doubling of the firm’s shares in the last year, the Sunday Times said.
Monday 12 July 2010
Guy’s and St Thomas’ Charity The charity has appointed fund management veteran Nichola Pease as a trustee, taking on the position held by ex-Man Group chief Stanley Fink until last month.
Monday 12 July 2010
China’s trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown.
Monday 12 July 2010
Former Reed Elsevier chief executive Sir Crispin Davis has taken up a new job as chairman of StarBev, which was bought out by private equity firm CVC last year from Anheuser-Busch InBev.
Monday 12 July 2010
Law firm Allen & Overy has lifted its salary freeze and awarded staff an extra day of annual leave after seeing a profit increase earlier this month.
Monday 12 July 2010
The environmentally friendly cosmetic chain founded by the late Anita Roddick is to recruit 3,500 “mini-Anitas” to sell its wares to family and friends.
Monday 12 July 2010
COMPANIES are in for a “rough ride” next year as the coalition government’s austerity measures begin to suck life from the private sector, accountant Ernst & Young (E&Y) has cautioned.
Monday 12 July 2010
As regular readers of this column will know, the City of London is acutely aware of the impact that any proposals emanating from the European Union may have on our international competitiveness.
Monday 12 July 2010
GEMSTONE producer TanzaniteOne has emerged sparkling after a gloomy couple of years that saw sales plunge and the company fight off an unwanted takeover bid from rival Gemfields.
Monday 12 July 2010
An obscure book about the collapse of the German economy in the 1920s has become a “must read” among financiers after being tipped by Warren Buffett.
Monday 12 July 2010
Britain's coalition government will abolish its food watchdog, set up to protect consumers after the mad cow disease crisis, and reassign its duties elsewhere, a government source said yesterday.
Monday 12 July 2010
China’s Ministry of Industry and Information Technology has renewed the Chinese operating licence of internet giant Google.
Monday 12 July 2010
BELEAGUERED state-owned investment vehicle Dubai World is to meet its creditors later this month to update them on its multi-billion dollar debt restructuring plans.
Monday 12 July 2010
STRESS levels are mounting at financial services firms even as corporates across the board begin to recover, according to the latest monthly City A.M./Begbies Taynor health monitor for the Square Mile.
Monday 12 July 2010
WILLIAM HILL

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