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Some Bank of England regulators wanted lenders to be forced to raise even more fresh capital than the £25 billion they were told to produce last week, minutes from the latest meeting of the financial policy committee indicate.

Departure hits Textiles shares

SHARES in Courtaulds Textiles slumped 7 per cent yesterday as fears circulated in the stock market that Martin Taylor's departure would leave a gap in senior management.

The 'helicopter intellect' flies in

IF MARTIN Taylor walks into your train carriage, you may be well advised not to say 'hello', wave or acknowledge his presence. Hide behind your paper and hope that he does not spot you.

Coal sale puts heat on Hanson adviser

NM ROTHSCHILD will come under attack this week for its dual role as adviser to the Government on coal privatisation and as merchant banker to Hanson Group, the Anglo-US conglomerate.

From riches to rags in designer fashion: A glamour industry is losing the backing of textile firms, says Roger Tredre

WHEN fashion designer Arabella Pollen secured backing from Courtaulds Textiles in 1990, she was the envy of her fellow British designers. With the might of one of Europe's biggest textiles concerns behind her, the feeling was that Ms Pollen could take on the world and build a serious international business.

Textiles giant axes designer fashion firm: The demise of the Arabella Pollen concern has shocked the clothing industry. Roger Tredre reports on the failure of an ambitious project

ARABELLA Pollen, designer of crisp, colourful clothes for the young social set, has ceased trading. Courtaulds Textiles, which owned 85 per cent of the business, has pulled the plug on its small but high-profile investment.

Signs of recovery too weak to lift Hanson

EARLY signs of recovery in Britain and the US will not be enough to produce an improvement in Hanson's profits this year, its chairman, Lord Hanson, said yesterday.

Hanson buys into American house builder: Conglomerate confident of 'pretty good timing' for dollars 116m deal

HANSON, the coal mining to tobacco and building materials conglomerate, is extending its exposure to house building in North America.

View from City Road: Barclays chief serves up fudge

FUDGE is no way to run any company, let alone a clearing bank. Yet this is what Andrew Buxton is doing at Barclays Bank.

Courtaulds Textiles links two top jobs

COURTAULDS Textiles is to combine the duties of chairman and chief executive, swimming against a tide in which companies have split responsibilities recently.

Hanson profit up 4.4% as US economy stirs

HANSON, the Anglo-American conglomerate, yesterday reported stirrings of recovery in the US, but said Britain remained depressed, as it announced a 4.4 per cent increase in pre-tax profits in its first quarter.

Hanson and Santa Fe to swap gold and coal assets

HANSON INDUSTRIES, the US arm of the Anglo-American conglomerate, has agreed its much- flagged gold-for-coal swap with Santa Fe, the US railroad and mining group.

Two die skiing

PC Martin Taylor, 26, died after an accident while skiing in Austria, Scotland Yard said. Norma Sunderland, 46, from Bury, Greater Manchester, also died of injuries suffered while skiing in the French Alps.

Courtaulds resurrects 74m pounds from pension fund

COURTAULDS Textiles is using what it calls 'dead money' in the company's pension fund. An actuarial valuation has identified a pounds 74m pension fund surplus.

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