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City workers commuters

Fears of recession return as growth ends in London

August sees end of a 15-month run of growth for London, raising fears over a double-dip recession in the capital  Comments
Connaught

More Connaught jobs saved thanks to rescue deal

More jobs at collapsed social housing firm Connaught likely to be rescued as part of a deal between administrators and a rival company  Comments

City skyline

'Salaries soar' for the City's junior staff

Average pay of junior financial sector executives in the City rose sharply over the summer, a survey suggests  Comments

Money

Banks must bolster reserves to stop future financial crisis

Banks will be forced to hugely increase their reserves as part of a shake-up designed to prevent another financial crisis  Comments (3)

Building construction site

‘Nimby’ planning rules threaten new homes

Property companies fear a shortfall of hundreds of thousands of new homes over uncertainty about “Nimby” government planning rules  Comments


BP oil spill fishermen

BP's good news over oil spill payout raises dividend hopes

BP says its oil spill payouts will be less than the $20 billion it has put aside, leading analysts to predict the return of dividend payouts  Comments

Dee Caffari

Marine industry buoyant but expects stormy times ahead

Britain's marine industry is defying the recession, but warns over the Government's spending cuts and planned VAT rise  Comments

Cadbury Dairy Milk

Kraft targets China for Cadbury chocolate push

Kraft Foods is looking to double the number of Chinese cities in which it sells Cadbury chocolate within the next two years  Comments

City skyline bridge

Bonuses rise for top directors at FTSE 100 firms

Executives at Britain’s top companies have pocketed bigger bonuses this year, according to a survey  Comments

Goldman Sachs

Goldman Sachs shuffles pack to pick new partners

Goldman Sachs is shuffling its ranks of partners and could well name as many as 100 executives to the post this year, reports say  Comments

Imperial leather

Cussons hopes new products will beat tough conditions

PZ Cussons says first-quarter trading met expectations as it benefited from product launches  Comments

Tim Martin

‘Government must bring an end to damaging pub taxes’

After 13 years of attacking successive Labour governments, JD Wetherspoon founder and chairman Tim Martin shifts his ire to the new Coalition Government  Comments (8)

Connaught

Morgan Sindall pays £28m for Connaught business

More than 2500 British jobs saved after building group Morgan Sindall spent £28 million buying Connaught's social housing maintenance business out of administration  Comments (3)

Deutsche Bank

Deutsche Bank shares hit by €9 billion fund raising

Deutsche Bank sees its shares plunge by 5.5% as markets react badly to news that the German giant is set to raise as much as €9 billion in new equity  Comments (3)

Laura Ashley

Laura Ashley buoyed by its British designs

Laura Ashley’s 'quintessentially British' designs are helping the homewares and fashion chain weather an uncertain economic climate  Comments

Restaurant

IRG woes prompt M&A; talk in restaurant sector

More takeover activity is on the menu in the restaurant sector  Comments

Homes for sale

Mortgage squeeze tightening on first-time house buyers

First-time buyers’ share of the mortgage market fell to 34% in July, the lowest level in three years  Comments (1)

Bankers bonus party

Funds veteran Barry Olliff slams City pay ‘greed’

Veteran fund manager Barry Olliff lays into City pay culture as something that leads to “instability, greed and selfishness”  Comments

AstraZeneca

AstraZeneca gives drug to Cancer Research UK for tests

AstraZeneca agrees a deal with the commercial arm of a British charity to take an experimental cancer drug into early clinical trials  Comments

Primark

Associated British Foods predicts strong earnings

Primark owner Associated British Foods says its second half profits will rise substantially to give very strong growth in annual earnings  Comments

Drop VAT rise, says survey

The Government should scrap its planned VAT rise and tackle red tape to win back wavering support from entrepreneurs, a survey finds  Comments

Kallasvuo

Boss sacked as Nokia tries to fight back against rivals

Nokia fires chief executive Olli-Pekka Kallasvuo following months of mounting anger from investors that the world’s largest mobile handset maker has lost out to smaller rivals  Comments (4)

Olympic hotel

Olympic spirit behind East End’s new hotels

A 42-storey luxury hotel with unrivalled views of the Olympic stadium is to be built in Stratford in a further sign of 2012-Games regeneration in the East End  Comments (1)

Petrol pump

Total’s petrol station forecourt sell-off could attract Gazprom

Oil giant Total is preparing to put almost 500 petrol forecourts across the UK up for sale, generating talk that Russia’s Gazprom could snap up the business to become one of Britain’s biggest fuel suppliers  Comments

Wheat prices

Wheat-price damage is less than expected

The much-hyped rise in wheat prices over the summer had far less of an impact on food companies' costs than feared, official figures show  Comments


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Market Roundup
FRIDAY UPDATE

Rightmove shoots up on rumours of possible takeover

Is a major predator planning to move in on property website Rightmove?

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City Spy, cityspy@standard.co.uk

Tony Hayward's Commons grilling beamed live to US

Interesting timing that MPs should schedule their session with Tony Hayward right in the middle of US daytime TV schedules

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