Relative of President Xi Jinping accused of being a director of an offshore company based in the British Virgin Islands
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Friday 01 July 2011
The mining sector was buoyant last night but Fresnillo fell back, ending as one the of the worst-performing blue chips of the day, after silver prices booked their worst three month run since the third quarter of 2008.
Wednesday 29 June 2011
Thorntons' strategy-review statement yesterday was a grim example of management speak. The lowlights included "a more focused retail estate with a differentiated customer proposition", "a de-risked business" that "positions the company for sustainable future growth", and a push to "grow the relevance of other all-year-round gifting occasions".
Wednesday 08 June 2011
Next time you're in HMV, feel free to be as demanding as you like – after all, you're one of the owners of the business now and thattruculent sales assistant works for you. The deal agreed yesterday with HMV sees its lenders effectively taking a 5 per cent stake in the business. The biggest of those lenders are Royal Bank of Scotland and Lloyds Banking Group, which, of course, are majority owned by the taxpayer. So as long as you're up-to-date with the taxman, HMV is yours.
Sunday 15 May 2011
Vodafone, the FTSE’s third-biggest company, is expected to announce a pre-tax profit of nearly £11.8bn in its annual results on Tuesday, from a turnover of around £45.5bn.
Saturday 14 May 2011
Friday 13 May 2011
HMV's efforts to sell its Waterstone's book business are being stymied by a stand-off between the beleaguered entertainment group's banks and the potential buyer, Alexander Mamut, over price. The Russian billionaire is thought to have offered between £35m and £40m to acquire the 297-store bookseller but HMV's banks want as much as £70m for the chain. Mr Mamut's exclusivity period on bidding for Waterstone's has ended and talks have not now taken place for more than a week. While the oligarch may still complete a deal, other parties are thought to have approached HMV about a deal for Waterstone's.
Tuesday 10 May 2011
Derwent London was under pressure last night as traders banked profits on the view that it may already be pricing in the positive outlook for the capital's property market.
Friday 06 May 2011
Is that still going? I can't get the website to work these days.
Sunday 01 May 2011
Savers looking for a home for their cash are being promised a "one-stop shop" to help them to find the best deal.
Monday 18 April 2011
Glencore, the commodities trader which is planning to raise up to $11bn (£6.7bn) in a flotation planned for next month, is already worth as much as $69bn (£42.3bn), with its earnings set to double in two years, according to research from two banks underwriting the Swiss firm's potentially record-breaking listing.
Saturday 09 April 2011
As analysts talked up the likelihood of the mining giant receiving a takeover approach, Anglo American was driven to the top of the blue-chip index, helped by deal activity elsewhere in the sector and a rise in commodity prices.
Saturday 26 March 2011
HMV has put its Waterstone's chain of bookshops and the Canadian arm of its business up for sale as the struggling entertainment retailer opts for a break-up to cut its £130m debt.
Friday 25 March 2011
Lights will switch off around the globe tomorrow for the fifth annual Earth Hour.
Friday 25 March 2011
He's in the money, we hear?
Thursday 24 March 2011
Not all bankers think they're too grand to mix with the hoi polloi. Spotted yesterday on the Central Line on the London Underground: James Leigh-Pemberton, the chief executive of Credit Suisse'sbusiness in the UK. The Diary's spy knew it was him on account of the fact that he'd forgotten to take the name badge off his suit from whatever function he had just been attending. Leigh-Pemberton realised his mistake after a couple of stops and hastily removed the badge before the rest of the carriage realised one of the masters of the universe was among them. Luckily, it was a bit early in the morning for banker-bashing.
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