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Business News

KKR puts crisis aside in surprise $10bn float

Kohlberg Kravis Roberts, one of the world's oldest and largest private equity firms, is resurrecting its plan to float on the New York Stock Exchange, despite the ravaging given to financial stocks since the credit crisis began.

Inside Business News

Ryanair fears loss amid high fuel costs

Monday, 28 July 2008

Budget airline Ryanair warned today that it could make a loss this year as a result of spiralling fuel costs.

Bank profits to fall by half as Britain's big seven feel the pain

Monday, 28 July 2008

British banks' profits are predicted to more than halve in the interim reporting season that starts on Wednesday as credit-crunch writedowns and rising bad debts take a toll on the record profits reported a year earlier.

Lufthansa says flights escape strike

Monday, 28 July 2008

A strike by Lufthansa ground and cabin staff over pay has so far barely disrupted flights to and from German airports, the airline said today.

US lenders fear worst after two more fail

Monday, 28 July 2008

American bank executives are braced for another volatile and dangerous week after the collapse over the weekend of two more regional lenders.

West End plan for overhaul of shabby Oxford Street

Monday, 28 July 2008

Leading retailers will unveil a series of new proposals today they claim will restore the tarnished reputation of shopping in the West End of London, a key battleground for many of the country's biggest department stores and clothing chains.

BP may sue its partners in Russian venture

Monday, 28 July 2008

Lawyers acting for BP could file legal proceedings against AAR, the investment group with which it jointly owns Russia's TNK-BP, as soon as this week after another weekend of claim and counter claim in the bitter dispute between the oil giant and its Russian partners. BP is considering whether to launch an action against AAR in the Swedish courts, because its original shareholder agreement with the four oligarchs that control the group specifies that arbitration proceedings should be held in the Scandinavian country.

Asda overtakes Sainsbury's to become No 2 online grocer

Monday, 28 July 2008

Asda has overtaken its rival Sainsbury's for the first time to become the UK's second biggest online grocer.

Tunnel link boss waits for offer to mastermind Crossrail project

Sunday, 27 July 2008

Rob Holden, the 52-year-old behind the high-speed Channel Tunnel extension, will be approached to run the £16bn Crossrail project, which finally received government backing last week.

EU internet proposals raise civil liberty fears

Sunday, 27 July 2008

Civil liberty groups claim the new "telecoms package" due to go before the European Parliament in September will result in the loss of individual freedom on the internet, and breach the fundamental principles of human rights in Europe.

Gloom deepens in the banking sector as HBOS profits plunge 60 per cent

Sunday, 27 July 2008

With bid speculation intensifying after its failed rights issue, the high street mortgage lender is among a raft of banks reporting this week

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