Summary
BANKING AND FINANCE HSBCis believed to be bidding in the $1.7 billion (Pounds 849 million) auction of a twothirds stake in Tokyo Star Bank. US private- equity firm Lone Star plans to choose a buyer for its stake this week, with Texas Pacific and Advantage Partners being among other bidders.
BUILDING AND PROPERTY Sir Ronald Cohen, adviser to Gordon Brown and founder of venture capitalist Apax, is raising up to Pounds 500 million for a hedge fund investing in property-sector shares. Portland Capital will take short and long positions, as many believe the property market is poised for a downturn.See the full content of this document
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Taking Stock ; Your at-a-Glance Guide
CONSUMER Nestle today said first-quarter sales were up 7.4% but higher raw material ...
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