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Neil Hume

London shares rally as central bank moves bring cheer

5 hrs ago

By Neil Hume and Bryce Elder The London market bounced back, with the FTSE 100 posting the second biggest gain in its 24-year history as investors drew comfort from a series of government and central bank moves to tackle the...

Retailer in the dark on 10% of its stock

11-Oct-2008

By Elizabeth Rigby, Roger Blitz and Neil Hume J Sainsbury was last night still in the dark over the whereabouts of 10 per cent of its stock, two days after Robert Tchenguiz was forced to rapidly unwind his stake following the...

Market crash shakes world

By John Authers in New York, Chris Giles and Krishna Guha in Washington and Neil Hume in London US stock prices suffered their worst weekly loss in history on Friday, prompting a pledge from global policymakers to implement an...

Sainsbury in the dark over 10% stake

By Elizabeth Rigby, Roger Blitz and Neil Hume J Sainsbury was still in the dark on Friday over the whereabouts of 10 per cent of its stock, two days after Robert Tchenguiz was forced to rapidly unwind his stake following the...

On London: Fear prevents patient from responding to treatment

10-Oct-2008

On London: Fear prevents patient from responding to treatment By Neil Hume The patient is not responding. Liquidity infusions, co-ordinated rate cuts, state-sponsored bank bail-outs – nothing seems to be working. The London...

FTSE ends at fresh 4-year low

London equities reversed at the close, in another dispiriting session for traders. The FTSE 100 ended 52.9 points, or 1.2 per cent, lower at 4,313.8, extending losses this week to 666.5 points, or 13.4 per cent

Sainsbury falls as Kaupthing stake sale stalls

By Bryce Elder and Neil Hume J Sainsbury was the sharpest faller on a day of unprecedented volatility for the London market. The supermarket group tumbled 14.9 per cent to 267¾p on uncertainty about the fire sale of a 10 per...

British billionaire takes Tchenguiz's stake in M&B

By Pan Kwan Yuk and Neil Hume Joe Lewis, the British born billionaire, has emerged as the buyer for Robert Tchenguiz’s 25 per cent stake in Mitchells & Butlers, the UK pub operator. Mr Lewis, who lost about £500m from the...

Tentative interest in Kaupthing's London unit

By Brooke Masters and Neil Hume As political pressure mounted on Icelandic banks to rid themselves of overseas assets, Kaupthing received several tentative expressions of interest in its London investment bank, Kaupthing Singer...

FTSE 100 in biggest fall since Black Monday

By Neil Hume and Bryce Elder The London market was routed on Monday with the FTSE 100 suffering its biggest one day percentage fall since Black Monday in 1987, and biggest points fall ever. The blue-chip index dropped 391.1...

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