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Lloyds bond exchange paves way for rights issue

Banking group raises £9bn in high-quality capital as institutional investors flock to convert conventional bonds into CoCos

Cuts are prescription for fixing sick firms

Larry Nusbaum mends troubled companies and admits it is not pretty, but it is a great time to be in the distressed business

Record price for penthouse may be pie in the sky

Hong Kong property prices have surged this year: residential prices have risen by 30 per cent in the middle market

Paul Morrell, property industry consultant

The construction expert is to head a Government steering committee to 'get carbon out' of the construction industry

Cuts are prescription for fixing sick firms

Larry Nusbaum mends troubled companies and admits it is not pretty, but it is a great time to be in the distressed business

Nestlé joins queue of buyers for Cadbury

Kraft has said it would consider raising its bid if a rival offer from the likes of Nestlé were to emerge

Gulf Air could cost Rolls-Royce $1.5bn

The Bahrain-based airline is to renegotiate contracts with suppliers in attempt to save $2.65 billion over five years

Bloodhound supercar scents 1,000mph record

Work starts today on a £15 million car that aims to smash the world land speed barrier with a jet pilot at the controls

Cuts are prescription for fixing sick firms

Larry Nusbaum mends troubled companies and admits it is not pretty, but it is a great time to be in the distressed business

Surgeons cut up rough over US tax on Botox

Senators hope that a tax on plastic surgery will help to cover the $850 billion cost of overhauling the medical system

Tata casts net wide as it seeks new chairman

Indian giant prepared to look outside the family, outside the company and outside the country for successor to Ratan Tata

Buyers balk at 'world's most expensive show'

New deals at the Dubai Air Show fall short of previous years as economic reality bites deeper into airline industry

Travelodge challenges Premier Inn’s adverts

Hotel chain has lodged a formal complaint with the ASA over Premier Inn's £29-a-room Christmas promotional campaign

With rivals in the rough, it is time to advance

As several online golf holiday retailers fail to last the course, one partnership is quick to take advantage

Lloyd’s List group mulls bid for Springer

Informa, the professional publisher has approached the German group over a potential takeover of a 49 per cent stake

The cash factor: what reality shows are worth

Advertising and voting revenues mean that the channels can afford to pay a premium for bankable stars such as Katie Price

South Africa’s golden age may soon be over

China toppled South Africa from its pedestal as the leading global gold producer in 2007. Others may soon also overtake it

Northumbrian rules out rights issue

Company’s figures were spelt out before Ofwat publishes its determination on water bills for the five years from April 2010

Northumbrian rules out rights issue

Company’s figures were spelt out before Ofwat publishes its determination on water bills for the five years from April 2010

PwC is in the Big Four, but it's getting bigger

Ian Powell sees Britain’s recession-ravaged landscape as a land of opportunity for the professional services firm

Wm Morrison seeks successor to Marc Bolland

Speculation grows about candidates for supermarket job, with Waitrose boss Mark Price said to be among the contenders

Nestlé looms large over battle for Cadbury

World's largest food company steps onto the chocolate maker takeover stage along with Kraft, Hershey and Ferrero Rocher

Sales of Sony Ericsson’s Saito suspended

Carphone Warehouse and Phones 4U suspend sales of the Saito after a high number of customers returned the handset

Cult acts cash in with MySpace deal

MySpace is allowing Arctic Monkeys, Basement Jaxx and Bjork to sell songs on the social networking site’s music service

Vodafone tries out premium data tariff

Mobile phone giant to experiment in Spain with plan to offer business users priority data access, at a premium price

Vodafone asks for $2bn tax feud extension

Mobile phone giant needs more time to respond to Indian tax department's demands for $2bn in capital gains

Gulf Air could cost Rolls-Royce $1.5bn

The Bahrain-based airline is to renegotiate contracts with suppliers in attempt to save $2.65 billion over five years

Cosmens up the stakes in National Express battle

Members look to strengthen their hand ahead of the transport company’s vote on a £360 million rights issue

Northumbrian falters ahead of Ofwat ruling

Water group says industrial closures have squeezed profitability and its prospects depend on regulator's price ruling

Thames ready for legal challenge to Ofwat

Ofwat’s ruling will fix the amount Britain’s water companies can charge consumers and spend on networks between 2010-15