Credit Suisse has started to sell off its London property estate, which could fetch up to £500 million, as part of its strategy to focus on core banking operations.
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General Motors’ board will meet today to finalise the planned move into bankruptcy after a deal with some of its bond holders.
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Tate & Lyle, the maker of Golden Syrup, reported a 38 per cent fall in annual profit and said trading in the year ahead is hard to predict.
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Heineken has strengthened its grip on Globe Pub Company, lifting its holding of Globe’s senior debt from 30 to 85.7 per cent.
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Terra Firma has had to inject more money into EMI for the second time in six months, after the company missed banking covenant targets.
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