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US bails out mortgage giants The US government has seized control of mortgage giants Fannie Mae and Freddie Mac.

EDF close to takeover deal
French energy firm EDF is said to be close to winning the shareholder support it needs to seal a £12 billion takeover of British Energy.

Nationwide in merger talks Mortgage lender Nationwide has said it is in advanced merger talks with the Derbyshire and Cheshire building societies.

Credit crunch 'could last 18 months'
The credit crunch could last another 18 months, the head of Britain's largest mortgage provider has said.

Anger as energy giants boost payouts The biggest energy companies increased their shareholder payouts by £257 million last year.

FTSE closes at 5240.7
The London market slumped more than 2 per cent for the third session in a row as more miserable economic data sent shares diving.

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