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October 13, 2008, 12:44 am
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Market Report: Banking rally proves to be a false dawn
London basked in the glow of the banks' strength in the wake of their bailout for much of yesterday, before Wall Street jitters sent the FTSE 100 back to familiar red-coloured territory. This came despite rumours that the G8 will announce a guarantee of all interbank lending after its meeting this weekend.
Retail tycoon in UK stores talks
Billionaire Sir Philip Green holds talks with officials in Iceland, which could lead to him buying several leading UK stores.
Plan Pushed for Government to Buy Bank Stocks
... of inward-looking policies. Although we in the United States are taking many extraordinary measures to ease ... a former U.S. diplomat, trade negotiator and business executive. For the poor, the costs of ...
UK councils at risk in Icelandic bank failures
Dozens of local authorities are facing the prospect of losing hundreds of millions of pounds after it was revealed that many had sizeable deposits with the failed Icelandic banks Landsbanki and Kaupthing.
UK banks set to unveil bailout plans
Major British banks are likely to announce their plans to recapitalise early on Monday, a move which could see the government take multi-billion pound stakes in several lenders.
Iceland nationalises biggest bank
Iceland nationalises its biggest bank and suspended trade on its stock exchange in an attempt to prevent further panic in the country.
How much lower can we sink? Fund managers see a glimmer of hope
Is this the beginning of the end? Stock markets around the world have experienced some of the most volatile share trading in financial history, sharper even than that witnessed during the great crash of 1929. What experts are now asking is whether we are reaching the point where shares have fallen so far that investors realise there are bargains to be had – signalling the end of the bear market.
Less lager: Peroni to leave UK drinkers wanting more
SABMiller, the brewing group, is considering restricting sales of Peroni in the UK to ensure the top-selling beer doesn't suffer the fate of rival Stella Artois.
West Ham United for sale
... Bjorgolfur Gudmundsson, battles to save his own business empire. Banker Gudmundsson may have to accept ... with bids expected to come from the USA, Middle East and Far East, but interim ...
Interest rate cut would not save high street, Bhs's Green says
Sir Philip Green failed to lift the gloom on the high street yesterday, unveiling operating profits down sharply at the Bhs store chain and warning that a cut in interest rates would have little impact on trading before Christmas.
IMF in global 'meltdown' warning
The world is facing financial "meltdown", the International Monetary Fund warns, as it offers help to credit-starved countries.
G7 pledges action to save banks
In Washington the comings and goings at the IMF conference of the world's finance ministers and central bankers seemed curiously irrelevant against such a tsunami of fear. So far this week, their actions – bank rescue plans, an internationally co-ordinated cut in interest rates and a pledge of billions of dollars in assistance from the IMF for distressed economies – have been met with a raspberry from the markets.
Iceland shuts stock exchange
Crisis-hit Iceland suspended trading on its stock exchange until Monday today.
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