The long-running saga of separating the battle-bruised miner Bumi from Indonesia’s powerful Bakrie family could finally be coming to an end after the parties announced a potentially decisive $501m (£330m) deal yesterday.

A "furious" Nat Rothschild is set for a showdown with Samin Tan after the chairman of miner Bumi agreed to raise his stake in the beleaguered business to nearly 50 per cent.

The billionaire financier Nat Rothschild has accused the board of the miner Bumi of subjecting long-suffering shareholders to an "inferior" deal, as the scandal-scarred group desperately tries to untangle its convoluted ownership structure.

Senior Bank of England officials today delivered a stern rebuke to commercial banks that have been lobbying ministers to water down regulation of the sector.

Right royal result for Crown Estate

Bumi, the scandal-scarred coal miner, has struck an agreement to restore its reputation and ultimately lift the suspension in trading of its shares.

TM Lewin, the maker of shirts worn by hordes of City workers, is close to appointing advisers to sell the business for up to £100m.

Bumi, the Indonesian coal group co-founded by the banking scion Nat Rothschild and under scrutiny by the Serious Fraud Office, will not meet a self-imposed deadline of next week to resume trading in its shares.

Bumi, the Indonesian coal group co-founded by banking scion Nat Rothschild and under scrutiny by the Serious Fraud Office, will not meet a self-imposed deadline of next week to resume trading in its shares.

James Thompson

L Capital, the private-equity arm of the world's biggest luxury goods company, LVMH, is among suitors plotting to make a major investment in Joules, the fashion retailer favoured by the county set.

The market for fine wine crashed last year, leaving many burnt fingers in what was the biggest downturn for what is always a speculative field.

Outlook Poor Nat Rothschild. The financier with the storied surname laments in an interview with Bloomberg that he was "unlucky" ever to have got involved with the Indonesian coal-miner Bumi and its owners, the Bakrie family.

The Bumi saga took another twist today as the coal miner set up by financier Nat Rothschild broadened an internal review into its key Berau subsidiary – forcing the suspension of its shares.