Wang Jianlin: from soldier to property tycoon

Wang Jianlin, founder of China's largest property developer Dalian Wanda, has announced a £1bn expansion into Britain. Here is a short profile of the man behind the brand:    

Posted by on 19 June 2013 | 8:26 am

Business news and markets: live

Cyprus has asked the eurozone and IMF for an overhaul of the conditions for its controversial €10bn bail-out.    

Posted by on 19 June 2013 | 8:20 am

Berkeley profits from expensive London land

A competitive housing market in London and the south of England is behind a 26pc rise in pre-tax profits for Berkeley Group.    

Posted by on 19 June 2013 | 8:08 am

BSkyB investigated over BT 'abuse of power' claim on football rights

BT's battle with BSkyB over Premier League football rights has sparked an investigation by the regulator over claims the satellite broadcaster is abusing its power by refusing to wholesale the Sky Sports channels on reasonable terms.    

Posted by on 19 June 2013 | 7:40 am

Banking Commission: Trading floors 'need more women'

Banks should have more women traders to help dispel a culture on trading floors that is "overwhelmingly male", according to a wide-ranging report into banking standards by a cross-party group of MPs and peers.    

Posted by on 19 June 2013 | 6:30 am

BT chief Ian Livingston quits to become trade minister

Ian Livingston, the chief executive of BT, will step down in September to join the Government as trade and investment minister, it has been announced.    

Posted by on 19 June 2013 | 6:21 am

Ed Balls backs proposals to jail reckless bankers

Shadow chancellor Ed Balls hails proposals to jail reckless bankers as "the way forward" after a report into banking standards recommends workers in financial sector take greater individual responsibility.    

Posted by on 19 June 2013 | 6:15 am

Imagination Technologies profits dip on chip licensing delays

Imagination Technologies, the British company that designs microchips for smartphones and other gadgets, reported a drop in profits because of restructuring at its manufacturing customers.    

Posted by on 19 June 2013 | 6:08 am

Morgan opens first car showroom in China

Opened first licensed dealership in Beijing after struggle with authorities.    

Posted by on 19 June 2013 | 5:59 am

Payday loan ad banned for '£1,000 night out' offer

The Advertising Standards Authority has banned a payday lender for sending text messages that encouraged people to borrow £1,000 for a night out.    

Posted by on 19 June 2013 | 5:47 am

ITV buys Emmy-award winning US production company Thinkfactory Media

ITV has continued its expansion in to the US with the $30m (£19m) acquisition of a controlling stake in Emmy-award winning producer of reality, entertainment and drama Thinkfactory Media.    

Posted by on 19 June 2013 | 5:09 am

Banking Commission: Yet again, the City is under attack

It will grab headlines, but the Banking Commission report risks turning the financial sector into an inefficient public utility, writes Mark Field MP.    

Posted by on 19 June 2013 | 4:52 am

Bank of England ratesetters remain split over QE at Sir Mervyn King's final meeting

Bank of England rate-setters remain split over how to strengthen Britain's fragile recovery, as minutes revealed that Sir Mervyn King was again outvoted on more stimulus measures in his final month as Governor.    

Posted by on 19 June 2013 | 4:37 am

Female MPs: Publish gender pay gap at each rank to tackle 'women's problem' in business

Companies should publish stats on the average gender pay gap at each rank if British business is ever to tackle its 'women's problem', MPs say.    

Posted by on 19 June 2013 | 4:00 am

Female MPs: Publish gender pay gap at each rank to tackle 'women's problem' in businses

Companies should collect and publish stats on the number of women they employ at each level, the number of employees promoted by gender and the average pay gap at each rank, if Britain is ever to get to the bottom of its 'women's problem' in business, a group of female MPs will warn today.    

Posted by on 19 June 2013 | 4:00 am

Christine Lagarde's 'allegiance' letter to Nicolas Sarkozy: 'use me'

The head of the IMF is facing acute embarrassment after police raid uncovers letter to ex-French leader.    

Posted by on 19 June 2013 | 3:55 am

JD Sports expects big loss from outdoor shops

JD Sports Fashion is bracing itself for a "substantial" loss at its outdoor gear shops, but remained upbeat about their prospects for the rest of the year.    

Posted by on 19 June 2013 | 3:53 am

30 years to save for a mortgage deposit, Shelter warns

Single savers in "generation rent" face waiting 30 years to save for a deposit in London or 14 years nationally.    

Posted by on 19 June 2013 | 3:50 am

Softbank sole bidder for Sprint after Dish pulls out

Dish Network, the satellite television provider, has dropped plans to submit a revised bid for Sprint Nextel, paving the way for a rival offer from Japan's SoftBank.    

Posted by on 19 June 2013 | 3:42 am

Games maker King.com eyes US flotation

King.com, the leading British games maker, has appointed bankers to investigate a possible Wall Street flotation.    

Posted by on 19 June 2013 | 2:51 am

Prospects building for Crest Nicholson

The housebuilder Crest Nicholson has gone a long way to restoring confidence into what was a beleaguered IPO market in London.    

Posted by on 19 June 2013 | 2:42 am

Deloitte fined $10m over Standard Chartered

Accountancy giant Deloitte has been fined $10 million by New York's banking regulator over its consulting work for Standard Chartered on money laundering issues.    

Posted by on 19 June 2013 | 2:15 am

China's Wanda buys Sunseeker Yachts and invests in London skyscrapers in £1bn UK deals

Dalian Wanda, one of China's largest and most ambitious conglomerates, has snapped up two deals in the UK, investing £700m in a pair of new London skyscrapers and buying Sunseeker Yachts for £320m.    

Posted by on 19 June 2013 | 2:10 am

Former Co-op Bank boss Neville Richardson steps down from M&S Bank and Countrywide

The former chief executive of the Co-operative Bank, Neville Richardson, has bowed to pressure and resigned from the boards of Marks & Spencer Bank and Countrywide.    

Posted by on 19 June 2013 | 12:43 am

Former Co-op boss Neville Richardson steps down from M&S Bank and Countrywide

The former chief executive of the Co-operative Bank, Neville Richardson, has bowed to pressure and resigned from the boards of Marks & Spencer Bank and Countrywide.    

Posted by on 19 June 2013 | 12:43 am

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