Desmond says OK to £17m Gulfstream jet

There were no more £40m pension top-ups for Richard Desmond last year, but there have been compensations for the publisher of OK magazine. He has set aside £17m of his company's money to buy a corporate jet

Boots chief to reinvest profits

The businessmen behind Europe's biggest ever private equity deal are refraining from taking cash out of Alliance Boots this year, choosing instead to plough any profits back into the pharmacy chain

Burma's citizens take up aid burden

In an eyewitness account, Andrew Jack reports on how help from individuals for the cyclone victims is in sharp contrast to the response from the military regime

Recession still likely in US, says Greenspan

The US is still more likely than not to have a recession in spite of the relative stabilisation in the economy in recent weeks, Alan Greenspan has told the Financial Times

China to evacuate 1m from 'quake lake'

Officials have revealed plans to relocate people from the city of Mianyang, as water levels continued to rise in an upstream lake created by May's earthquake

Baugur walks away from Moss Bros

The Icelandic investment group cited 'unacceptable' execution risk, sending shares in the UK suit retailer and formal wear hire company tumbling.

UK mortgage approvals edge up in April

Mortgage approvals for new home purchases picked up slightly in April but remain nearly 40% below the levels seen a year ago, according to the latest lending data from the British Bankers Association

US home prices fall at record pace

An index of house prices has fallen 14.1 per cent for the first quarter compared with the same period last year, a trend that could prolong the economic slowdown and cause further pain for homeowners facing foreclosure

Sarin predicts further Vodafone acquisitions

The outgoing chief executive seeks to dispel concerns over slowing revenue growth at telecommunications company

Tempus: The next round

Brewing industry bids, like a pint of beer, tend to produce plenty of froth. While InBev's interest in bidding for Anheuser-Busch (AB), first mooted well over a year ago, finally looks serious, the suggestion that the Stella Artois owner is eyeing SABMiller as an alternative target looks improbable.

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Aircraft carrier contract weeks away, says VT

The Government is just weeks away from rubber- stamping the long-awaited £4bn Royal Navy contract to build two aircraft carriers in a deal that will reshape Britain's shipbuilding industry, according to defence engineer VT Group.

Two-horse race for British Energy

French and German energy giants EDF and RWE remain frontrunners in the battle to buy the £11bn UK nuclear power group British Energy, despite the emergence of new potential bidders.

IoD warning over £20bn tax shortfall

Economic growth next year will fall significantly below government forecasts, creating a tax shortfall of up to £20bn that will jeopardise one of the Treasury's key stability rules, says the Institute of Directors.