News

Companies planning to list on the London Stock Exchange were handed a reality check yesterday as investors turned their backs on three of the newest entrants to the market.

Cinema giants eye Berlusconi chain The Space Cinema

Britain's three biggest cinema chains are considering bids for a group of picture houses owned by disgraced former Italian prime minister Silvio Berlusconi and fashion house Benetton.

Universal seeks EC approval of EMI takeover

Universal Music is poised to file with Brussels for approval of its £1.2bn takeover of EMI’s recorded music arm as early as this week.

EMI pension in £200m talks with Citi

The US bank Citi has started talks with EMI's pension trustees to put cash into the scheme, which could cost it up to £200m.

Terra Firma in second round bid for garden chain

Terra Firma, the private equity firm controlled by the City financier Guy Hands, is among a small number of buy-out companies that have submitted second-round bids of up to £300m to acquire the Garden Centre Group (GCG).

The golden age of cinemas

Before identikit multiplexes, a trip to the movies meant audiences could see bold architecture as well as a film. Chris Beanland celebrates the picture palaces of the past

Money talks: the men who really own Britain

The abuse scandal at a Bristol care home has put the shadowy world of private equity in the spotlight. Who's behind these financial titans?

Chaucer sells up to Hanover

Chaucer, the Lloyd's of London insurer, has agreed to sell itself to Hanover of the US for £313m after losses mounted from the Japanese earthquake and other natural disasters.

Pa-pah pa-paaaah PAH! Presenting the star of screen advertising

Every film buff knows the Pearl & Dean signature tune. And selling that jingle is the best job in media, says the firm's chief. Laura Chesters meets Kathryn Jacob

Terra Firma could voice interest in Chaucer bid

Just days after losing the music giant EMI, Guy Hands's investment vehicle Terra Firma is back in pursuit of a deal – in the rather less glamorous world of insurance.

David Prosser: End of the road for Hands at EMI

Outlook The EMI saga is finally drawing to a close. Having taken control of the music company, Citigroup will presumably offload it to the highest bidder, finally removing the uncertainties under which the company's employees and performing artists have been labouring since Terra Firma's takeover began to go so badly wrong.

Guy Hands' Terra Firma to appeal EMI court ruling

Terra Firma, the private equity firm run by Guy Hands, is to challenge a US court ruling it was not conned into paying too much for music business EMI in a £4.2bn deal three years ago.

The Business On: Tony Pidgley, Chairman, Berkeley Homes

This is no time to be a builder – why does he look so cheerful?

Doughty wins battle for Vue

Doughty Hanson has agreed to buy Vue Entertainment, Britain's third-biggest cinema chain, in a deal believed to be worth £450m, including debt.

Stephen Foley: The song may have ended but for Guy Hands, the malady lingers on

US Outlook: It is sometimes said that to understand is to forgive, but that won’t apply to David Wormsley.

Terra Firma may be on shaky ground as EMI case concludes

If it weren't worth billions, the trial would sound like a schoolyard spat, with childhood nicknames and allegations of lying. Stephen Foley reports
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Kate Bush, Hammersmith Apollo music review: A preamble, then a coup de théâtre - and suddenly the long wait felt worth it

Kate Bush shows a voice untroubled by time

A preamble, then a coup de théâtre - and suddenly the long wait felt worth it
Robot sheepdog technology could be used to save people from burning buildings

The science of herding is cracked

Mathematical model would allow robots to be programmed to control crowds and save people from burning buildings
Tyrant: Is the world ready for a Middle Eastern 'Dallas'?

This tyrant doesn’t rule

It’s billed as a Middle Eastern ‘Dallas’, so why does Fox’s new drama have a white British star?
Rachael Lander interview: From strung out to playing strings

From strung out to playing strings

Award-winning cellist Rachael Lander’s career was almost destroyed by the alcohol she drank to fight stage fright. Now she’s playing with Elbow and Ellie Goulding
The science of saturated fat: A big fat surprise about nutrition?

A big fat surprise about nutrition?

The science linking saturated fats to heart disease and other health issues has never been sound. Nina Teicholz looks at how governments started advising incorrectly on diets
Emmys 2014 review: Can they genuinely compete with the Oscars

Can they genuinely compete with the Oscars?

The recent Emmy Awards are certainly glamorous, but they can't beat their movie cousins
On the road to nowhere: A Routemaster trip to remember

On the road to nowhere

A Routemaster trip to remember
Hotel India: Mumbai's Taj Mahal Palace leaves its darker days behind

Hotel India

Mumbai's Taj Mahal Palace leaves its darker days behind
10 best pencil cases

Back to school: 10 best pencil cases

Whether it’s their first day at school, uni or a new project, treat the student in your life to some smart stationery
Arsenal vs Besiktas Champions League qualifier: Gunners know battle with Turks is a season-defining fixture

Arsenal know battle with Besiktas is a season-defining fixture

Arsene Wenger admits his below-strength side will have to improve on last week’s show to pass tough test
Pete Jenson: Athletic Bilbao’s locals-only transfer policy shows success does not need to be bought

Pete Jenson: A Different League

Athletic Bilbao’s locals-only transfer policy shows success does not need to be bought
This guitar riff has been voted greatest of all time

The Greatest Guitar Riff of all time

Whole Lotta Votes from Radio 2 listeners
Britain’s superstar ballerina

Britain’s superstar ballerina

Alicia Markova danced... every night of the week and twice on Saturdays
Berlin's Furrie invasion

Berlin's Furrie invasion

2000 fans attended Eurofeurence
‘It was a tidal wave of terror’

‘It was a tidal wave of terror’

Driven to the edge by postpartum psychosis