HOWZAT

Kuwait sells £2.4 billion stake in Citi

Sovereign wealth fund pulls rescue investment after less than two years, though it said it would invest "long-term"

Ladbrokes deal ... Northgate sales up ... McKinsey departure ...

Need to know: comprehensive news coverage sector by sector

Telecoms operators offer reasons to be cheerful

A sector that was once Europe’s pride and joy in terms of growth prospects has become a victim of its own success

Rogue voter rattles Minerva

Nathan Kirsh decided to throw his weight around by voting down the re-election of Oliver Whitehead as chairman

In the know

Gilts — Rumour of the day — Deal of the day — Bet of the day — Tiddler to watch

Pearson in the news as broker advises FT sell-off

The broker said that the group had a huge lead in the education market and was its top pick in European media

Berkshire Hathaway stocks ... Pubs ‘n’ Bars fear ... Vodafone Essar cuts charges

Need to know: Comprehensive news coverage sector by sector

Comcast and GE form a new media powerhouse

In agreeing to buy 51% of NBC Universal from GE, Comcast is forging one of the world’s biggest media organisations

Airlines unite in fight for ‘gateway to Asia’

American Airlines increases offer to JAL while All Nippon Airways strengthens its pact with Continental and United

MTS acquisition ... Rusal deal ... Aer Lingus redundancies ...

Need to know: comprehensive news coverage sector by sector

Peugeot and Mitsubishi near electric car pact

Deal would create world's sixth-biggest carmaker and is designed to rescue Japanese company from financial calamity

Tempus: Halma ... BlueCrest AllBlue ... Redhall

Halma's £20m cost savings, with more on way ... BlueCrest AllBlue portfolio rising ... Redhall's skills to be more in demand

Overstatement costs Cohort

Defence technology and consulting group admitted it had overstated income from a number of contracts by £1.85 million

In the know

Gilts — Rumour of the day — Deal of the day — Bet of the day — Tiddler to watch

Rightmove falls on fears of Google muscling in

Internet group is said to be considering starting a website that would allow estate agents to list properties free of charge

Comcast to buy majority stake in NBC Universal

The $13.75 billion deal satisfies the cable operator's desire to own more content that it can push on to mobile phones

Dubai is the damp squib as other emirates celebrate

The city state has suffered a crisis of confidence in the past week as its debt-fuelled growth strategy unravelled

Sage profits down ... TEG contract ... Huntsworth acquisition ...

Need to know: comprehensive news coverage sector by sector

Alvaro set for £50m flotation

The fund is expected to list on AIM before Christmas with the backing of some of the Square Mile’s biggest institutions

Tempus: Sage Group ... Numis ... Huntsworth

Sage Group pleases with its reassuring predictability ... Numis Corporation sits on its money ... Huntsworth goes to Washington