Shares in Alliance & Leicester soared by 52.8% yesterday as investors hoped for a rival bid to trump an agreed £1.3bn takeover of the company by Abbey's Spanish owner Santander.
Ferrovial, the Spanish owner of the UK's major airports including Glasgow, Edinburgh and Aberdeen, has finally been given the green light for a refinancing which ought to pave the way for reinvestment.
The Bank of England can do almost nothing keep a lid on the scourge of inflation in the current economic climate and it will likely remain above 3% until well into 2009, the central bank's Governor Mervyn King warned yesterday in his annual report to parliament.
Jittery markets across Europe beat back the bears yesterday on merger and acquisition activity and news of the plan to shore up US mortgage giants Fannie Mae and Freddie Mac - but Wall Street could not hold on.
Hopes for a cut in interest
rates were more or less snuffed out yesterday after it emerged that UK producer prices last month surged at their fastest
pace in at least 22 years,
raising fears the nation was now hurtling head-long into recession.
ITV'S shares soared 12% yesterday after it emerged that executive chairman Michael Grade has been approached by potential investors interested in BSkyB's stake in the broadcaster.
The government's flagship policy on saving for old age is unlikely to succeed, one of the pension's industry most respected figures said yesterday as he announced his own retirement.
With oil and gas firms falling over themselves to boost output to meet demand for hydrocarbons, there has probably not been a better time to be in the oil services business.
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