Steelmakers ask Brussels to look into pricing of iron ore
Steelmakers in Europe have asked the EU Competition Commissioner to launch an inquiry into cartel behaviour by the world’s top mining companies.
EMI fails to agree licensing deal as Citigroup loan deadline looms
EMI is understood to have failed to agree a licensing deal for its North American rights, making a covenant breach inevitable and pushing its owner Terra Firma back to investors for more cash.
Mapping British Business: Construction
Few people are dreading the general election quite as much as the battle-hardened bosses of Britain’s construction companies. They know that whoever wins, there will be a severe squeeze on public sector spending. And that can only mean another severe squeeze on the battered construction industry.
Sports Direct ends its takeover bid for Blacks Leisure
Sports Direct this afternoon walked away from its takeover battle with Blacks Leisure over fears that key suppliers would refuse to trade with them as the new owners.
FSA charges seven in insider dealing case
The Financial Services Authority charged seven people today over alleged insider dealing and issued a warrant for the arrest of another man in connection with its “Project Saturn” investigation.
Anglo Irish Bank unwraps a €12.7 bn loss
Anglo Irish Bank, the nationalised lender, has laid bare the depths of its problems, announcing a €12.7 billion (£11.4 billion) loss in the 15 months to the end of December.
BA and Iberia to miss merger deadline
British Airways and Iberia will miss a deadline for signing a definitive merger agreement due to “technical issues.”
FirstGroup buoyed as passengers return to rail
FirstGroup today said passengers were returning to the railways in Britain as it revealed an estimated 3.2 per cent rise in UK train revenues.
Equitable Life boss hits out at solvency change
Proposed new EU insolvency rules for insurers would prevent Equitable Life from handing back “at least £100 million” to its embattled policyholders, according to its chief executive.
Abramovich fails to halt Berezovsky lawsuit
Roman Abramovich, the Russian billionaire, has lost an attempt to dismiss a £2 billion lawsuit brought against him by Boris Berezovsky, his former business partner.