Business

FORD, the American car giant, is secretly planning the $6bn (£3.05bn, E4.03bn) sale of Volvo, its loss-making Swedish brand, for the summer. The Business understands Ford is determined to press ahead with the sale despite recent comments that it would hold on to Volvo...

By Arindam Nag A DOW JONES NEWSWIRES COLUMN LONDON (Dow Jones)--Allianz is a favourite punching bag for critics of the banking-insurance business model in Europe. But the German company has emerged relatively unbruised from the third quarter despite...

By Arindam Nag A DOW JONES NEWSWIRES COLUMN LONDON (Dow Jones)--Judging by the latest crop of banking results, there's little doubt the audit profession faces an uphill task in the future. They are used to judging the financial...

888, the Gibraltar-based online gambling firm, has shrugged off concerns over ongoing American legal action with a strong set of results for the first six months of the year. The group, which claims to be Britain's best-known betting website, saw pre-tax profits almost triple...

Singaporean state-controlled investment fund Temasek has pulled out of the running to buy Nasdaq's 31pc stake in the London Stock Exchange. Temasek's indicative bid is said to be way below price levels being offered by other potential buyers. As a result, the fund is...

Industry insiders fear a planned marketing push for Exubera, fast becoming the US giant’s highest-profile disappointment, will be in vain. Analysts were forecasting blockbuster annual sales of $2bn (£1.01bn, E1.49bn) for the insulin spray. It delivered just $4m in the second quarter of 2007...

By CATHERINE BOYLE EUROPE’S largest pension fund is about to spend as much as £20bn (E30bn, $40bn) on global commercial property, including UK assets, in the latest sign that governments are emerging as leading global investors. The Norwegian Government Pension Fund,...