Iconic Films

Old Mutual unit takes a bath on Bear Stearns

The London-listed insurer now admits that its £300m target for funds under management has proved too ambitious

Apple may be losing grip on iPhone

Italy to sell mobile on non-exclusive basis, ending era in which only one operator per country had distribution rights

Anglo American hit by South African power cuts

South African power crisis results in production cuts of up to a third, with platinum production down 24 per cent

New Lonrho’s African empire is worth a look

The old Lonrho was broken up, but from its ashes another African conglomerate has emerged that bears the famous name

India takes on China over Africa’s riches

Manmohan Singh, the Indian Prime Minister, plans to scrap duties on 94 per cent of in-bound goods from 34 African nations

Food prices rise beyond means of the poorest

Higher energy prices and competition between biofuels and food are just some of the factors causing skyrocketing prices

Tchenguiz says no to arms industry money

Evolution One, the $125m fund set up by Vincent Tchenguiz's Consensus Group and the World Bank blocks arms industry funding

FirstRand counts £102m cost of London move

South Africa's No 2 bank by market value is backing its UK team despite being badly dented by the sub-prime crisis

Kenyans scramble to snap up Safaricom shares

The biggest float in East Africa presents a stunning contrast to outbreaks of violence that surrounded the nation's elections

Diamond magnate backs Africa with investment talk

Nicky Oppenheimer, chairman of De Beers, says new transfer of work beats aid as he keeps faith in region's appeal to investors

UN chief warns on crunch threat to poverty goals

Kemal Dervis says a global slump could derail Millennium Development Goals, and blames profit-seeking 'super-bankers'

Mugabe law could strip firms' Zimbabwe assets

President is to ban any investment, merger or restructuring unless the majority shareholding is held by black interests

India boosts Standard Chartered to $4bn record

Strong performance in India and China offsets a $300 million writedown on the bank's high-risk division

Virgin faces fight to stay in Lagos terminal

Nigerian subsidiary of Sir Richard Branson's airline wants court to rule it can stay in the capital's international terminal

Anglo American makes its peace with the ANC

The mining company has done a deal with South Africa to transfer ownership of some of its assets to black empowerment group