SMG suffers debt penalty
George Watt, finance director of Scottish TV and Virgin radio owner SMG, is confident that its cashflow is strong enough to allow it to repay its £393 million debt b...
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Marconi ends £1m Mayo row
John Mayo, the former finance director at Marconi who was ousted after last summer's disastrous profits warning, has settled his £1m payoff dispute with his former e...
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Gus - battered not bowed
If there is one thing the City still hates, it is conglomerates. Great Universal Stores may be a lot more focused than it was in the days when the Wolfson family was in c...
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Widening scandal hits PFI
Developers and City financiers are changing the terms of loans used to build prisons, schools and hospitals for the Government in order to make extra profits running into...
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Wembley project nears collapse
The long-running Wembley saga moved closer to complete fiasco last night when the Football Association announced that it was pulling out of financing the new national sta...
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France T?l?com sets bond record
France Télécom yesterday launched the largest ever corporate bond issue, aiming to raise some $16.4bn (£11.19bn). The move will help reduce its estimat...
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Juicy harvest
High-yield corporate bond funds have staged something of a comeback over the last few months. Bond fund managers launched a rash of these funds in late 1998 and early las...
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Worst inflation since early 1990s prompts rate rise fears
The prospect of further interest rate rises loomed larger yesterday after the government revealed that consumer-driven growth was prompting a sharp pick-up in the cost of...
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Persimmon rides out rate rise
Britain's biggest housebuilder, Persimmon, expects the housing market to remain strong and said the recent rise in interest rates has had "no tangible effect" on its busi...
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Bank minutes hint that August rate rise was one-off
Expectations of a further interest rate rise in the near future took a knock yesterday when the Bank of England hinted it was not in a hurry to raise them again and unemp...
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Biotechnology and Pharmaceutical 
