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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Inflation eases but analysts fear a further rate increase on the horizon
Inflation eased back in July, in part thanks to cheaper furniture prices, but City analysts warned that the dip was likely to be short-lived and would not stand in the wa...
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UK jobless rate hits six-year high
Britain's unemployment rate has hit a six-year high, according to official data released today.
The Office for National Statistics said the number of unemployed people r...
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Inflation rate remains above target
Britain's annual inflation rate eased slightly in July, but remained well above the Bank of England's 2% target, official figures showed today.
The Office for National S...
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Takeover talk and rate fears move market
Investors faced a fairly volatile time today, with continuing interest rate worries, new takeover developments and a host of brokers' notes arriving in City inboxes.
Any...
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