The original Red Knight idea, that a bunch of well-heeled Man Utd supporters would club together to buy out the club, looks more-or-less dead.
I’ve spoken to a number of the potential investors and they all say the same thing: they can’t see how to do it without paying more than the club is worth; [...]

The interest rate at which banks lend to each other in dollars, the famous BBA three-month dollar LIBOR rate, has been creeping up day after inexorable day since the end of February.
The cumulative impact has been a doubling of that rate during those 90 odd days, to more than 0.5 per cent yesterday – the [...]

Business leaders have been arguing passionately that the public sector needs to become more efficient. You’ll recall that the equivalent of a plane-load of them publicly backed the Tories’ general election campaign to make additional savings in public expenditure this year – in order to avoid that national-insurance rise they hate.
Well, it’ll be interesting to [...]

The two main areas of cuts in the Business Department, to be announced later today, will be universities and industrial intervention.
I am expecting that funding for universities will be cut by around 3%.

And I also hear that there will be deep reductions in the budgets of the Regional Development Agencies for South East England [...]

Financial reform in the UK was always going to be conditioned by whatever reforms are enacted in the US.
And as of last night, we now have a clearer – if not yet definitive – view of how Congress is planning to shake up Wall Street.
The important point is that the Senate has – finally – [...]

The coalition’s programme for government will not please all businesses and business people.
There is a surprising amount of detailed policy to promote equality, for example, which will give the willies to some of the more traditional Tory-supporting corporate grandees.
So, for example, there’s a pledge to promote gender equality on the boards of listed companies.
That said, [...]

Those who criticise the German government for trying to restrict the use of naked shorts and credit default swaps (CDS) are – on the whole – concerned about the when and the how, rather than the whether.
Or to put it another way, there are strong arguments for restricting the use of credit default swaps, or [...]

Bafin, the German financial regulator, was on the blower last night to other European regulators, trying to persuade them to participate in its attempt to ban purely speculative bets by investors that eurozone governments will have growing difficulties paying their debts and that the woes of banks will also worsen.
Unless other regulators do the same [...]

Tonight, the new Chancellor has his first outing in front of what you might call middle business, as opposed to Middle England, when he addresses the CBI’s annual dinner.
George Osborne’s theme, for a change, won’t be cuts, but growth – or how to engender the kind of renaissance in Britain’s private sector that would generate [...]

Johnny Cameron, the cove who ran Royal Bank of Scotland’s investment banking division at the time the bank went to the very brink of collapse, has agreed with the City watchdog that he won’t ever again work full time in a senior position in the financial services industry.
Hmmm.
You might find that story about [...]