UK Business News

Hands in £300m EMI crisis talks

Terra Firma boss offers to inject more cash in the debt-laden music giant, in exchange for debt writedown by Citi

Mortgage lenders report fraud on the rise

More and more people are falsifying information on their loan applications, the Council of Mortgage Lenders claims

• Mortgages rise on parents' help for first-timers

• Housing recovery stunted by 'lack of mortgages'

Henderson eager to pursue fresh acquisitions

Fund manager is on the hunt for further targets, just two months after it completed the takeover of stricken New Star

Goldman bankers defy gloom with bonus bonanza

Dozens could be in line for million-pound bonus payouts following a bumper quarter of profits at the investment bank

World Business News

Goldman results may herald return of bumper pay

With the American bank set to report strong results this week, analysts say it could now resume large staff payouts

GM Europe may slip away from Magna

Favourites to take control of General Motors Europe must now present their plans to Barack Obama’s automotive task force

• GM exits bankruptcy with 27,000 job losses this year

• GM chief to pursue 'profound culture change'

Mandell in boiler room fraud probe

The trail that led to an FBI swoop of Wall Street's bad boy and colleagues started in with a lunch at the Lords

• Peers held parties for suspect in $140m fraud

CIA hires Wall Street talent

The CIA is taking advantage of the financial meltdown to recruit a new generation of financially literate spies

Analysis

Tear up the rulebook, it's all about borrowing

Luxury of deciding what to do about excessive lending will come later. But it is a new era

Obama’s cures may kill any recovery

The IMF says that the world is coming out of its recession but the global recovery is likely to be more tortoise than hare

Tilting at Wind Farms

The Government’s plans to concentrate on wind power at the expense of other renewable energy sources could prove to be a costly mistake

Law  

Judges work overtime as delays bite

Courts may have to sit for an extra two hours a day as they struggle with rising workloads and a cost-cutting drive

Magistrates angry as fines replace day in court

Budget cuts in magistrates’ courts and over-reliance on on-the-spot fines mean serious offenders are ‘just walking away’

British company to plead guilty in first corruption prosecution

Mabey & Johnson, a steel bridging supplier, came forward to admit paying bribes to public officials in Jamaica and Ghana

Money  

Landmark ruling on sale-and-rent-back schemes

A judge says a family can stay in their home after facing eviction from a sale-and-rent-back company

Nationwide resurrects 125% mortgages

UK's biggest mutual offers up to 125 per cent loan-to-value deals to customers in negative equity

• Housing recovery stunted by 'lack of mortgages'

• A quarter of homeowners cannot get a mortgage

Q&A: What will reform mean for consumers?

Chancellor Alistair Darling says he is "empowering consumers". But what does the White Paper mean for you?

business travel  

Bmi extends chauffeur service to UK's regional airports

Business travellers at Aberdeen, Belfast, Edinburgh, Glasgow and Manchester can now benefit from free transfers

Worse than babies on plane? Businessmen

Following our article on flying with infants, some readers called for families to be banned from planes. Matt Rudd thinks differently

Schiphol: Britain's favourite business airport?

The Dutch have abandoned departure taxes just as the UK is about to ramp up air passenger duty