UK Business News

Hedge fund directive will cost €1.4bn a year

Industry tells Europe new rules to curb borrowing limits and increase capital requirements would be damaging

Yell taps investors for £660m in cash call

The struggling directories publisher claims it is in a 'strong' position after winning backing for its refinancing

• Yell's 300 lenders fail to approve debt plan

• Yell shares tumble 10% as new deadline set

Safety alert on Maclaren pushchairs

Manufacturer offers safety modification on 1m US buggies after 12 children lose fingertips - but no action in UK

House prices grow for sixth month in a row

A 1.2% rise in prices in September is the latest evidence to suggest Britain's property market is over the worst

World Business News

HSBC 'significantly ahead' as US debts slow

The banking giant reports its first fall in bad debt charges from its American consumer finance business since 2006

JPMorgan Chase ends the crisis salary freeze

After three record quarters, the US bank will resume pay rises for all workers earning more than $60,000

• JPMorgan's towering income lifts bank shares

• JPMorgan overhauls management for successor

Aer Lingus focuses on rivalry with Ryanair

After achieving a soft landing by cutting long-haul flights, the Irish flag carrier prepares for a local battle

Reliance plans swoop on LyondellBasell

India's biggest company weighs up multibillion-dollar swoop on the American assets of the collapsed chemicals group

Analysis

Kraft will make meal of bid battle

The US food maker's low bid is an attempt to appear tough, disciplined and patient - tactics that are working pretty well - David Wighton

• All aboard National Express's mystery tour

• Where are all the virtuous bankers?

Forging G20 consensus is harder than it looks

As the politicians struggle to present a united front on banking taxes, can the banks themselves get their act together? - Mark Kleinman

Tempus: Enjoy the ride as IMI steams ahead

The company, which supplies hydraulic controls for trains, released its year-end trading update a week ahead of schedule

Law  

Straw orders review of cautions after DPP warning

Justice Secretary agrees to rethink after The Times revealed that 40,000 assaults a year were dealt with by way of caution

Caution for assault ‘will lead to a murder’

Judges are concerned that thousands of cautions are being handed out for violent assaults that should come before courts

Setback for Lehman creditors as court blocks PwC plan

Court of Appeal says radical plan designed to speed up the Lehman Brothers administration is unacceptable under UK insolvency law

Money  

How to get a mortgage that is six times your salary

Borrowers may be surprised to learn that lenders remain flexible for certain customers

• Grab that cheap mortgage now

• Northern Rock ‘bad bank’ will trap borrowers

Investors take sides on the boom vs gloom debate

Fund managers Anthony Bolton of Fidelity and Neil Woodford of Invesco Perpetual tell Kathryn Cooper where markets are heading

Funds to put your finances on the right track

Investors need to check out the charges on tracker funds before diving in to this deceptively complex market

• Lifting the lid on hidden charges

• Why an economist will pick a tracker

business travel  

The world's oddest airport lounges

Lounges for dogs and children sound bizarre but not as odd as Finnair's new facility

SkyTeam, Alitalia open new terminal facilities

Alliance gets common check-in at Heathrow while Italian carrier gets a dedicated terminal in Rome

10 rules of business travel etiquette

Business travellers forced to fly in economy might need to be re-educated in acceptable on-board behaviour

• Business airfares to rise in 2010

• Profile: Luxury car boss Clive Sutton