British Land sees 11% knocked off portfolio

Property group expects to appoint a new chief executive, after Stephen Hester's move to RBS, by the new year

Barclays investors snap up £500m share sop

Shareholders weigh into the bank's offer of high-interest securities but anger remains over the £7bn capital plan

• Barclays left thoroughly shaken

• Fund managers demand right to vote out boards

New Collins Stewart boss wields the jobs axe

Mark Brown cuts half the capital markets division and prepares to part company with David Lindsay, finance chief

Sunderland proves it's not grim up north

The city, with a population of 300,000 and once famous as home of 65 shipyards, has UK’s fastest-growing business base

World Business News

Investors thrilled at Yang resignation

After months of turmoil, it emerged that Yahoo!'s chief executive is to step down as soon as the internet group finds a successor

Struggling Ford sells its stake in Mazda

Car giant joins General Motors and Chrysler to press its case to Congress for $25 billion in emergency government loans

• Ford to cut staff by 10% amid growing losses

• Merger talk bolsters shares in GM and Ford

Carrefour shares up as new boss outlines plans

World's second-biggest retailer prepares to forge ahead with a programme to downsize its giant supermarkets in Europe

• Property slump forces Carrefour to rethink IPO

• Leaver is contender to succeed Rose at M&S

Wall Street looks to interest rates of 0.5%

New York traders hail a drop of 2.8 per cent in producer prices in October, triggered by collapse of global energy prices

Analysis

Barclays left thoroughly shaken

If you think big City investors were upset about M&S’s boardroom reshuffle, you should hear them on the subject of Barclays

• Glass is half-full for Dunstone

• It’s all at sea

In a supply chain, all parts matter

Tales of supplier rescue finance are emerging thick and fast, especially in sectors such as automotive and aerospace

They’ll be taking home less bacon

It is by no means clear that the new UBS pay model would have prevented the stricken Swiss bank from racking up huge losses

Money 

Premium bond payouts reduced

Bond holders have less chance of being visited by an "Agent Million" after the base rate cut

Icesave customers start to get their money back

About 10,000 savers have already received their compensation

• Rescue for UK Icesave investors to cost £800m

• Icesave customers to get their money back this month

Barclays customers wait almost a year to benefit from rate cut

Homeowners on tracker deals are told their repayments will be reviewed next October

Law 

Miner 'didn't realise he was signing money away'

Former coalminer tells tribunal he was 'treated terribly' by solicitors' firm that sliced £2,330 fee from his compensation

Google book search deal is good news for copyright law

The search giant's settlement with publishers could be a game-changing legal event, says David Lammy, MP

• Google reaches $125m copyright settlement

• The slow death of the book

Broker escapes jail over forged FSA applications

Former mortgage broker Simon Gray is given a suspended sentence after pleading guilty to forging his FSA application

business travel 

Profile:Dame Mary Perkins, Specsavers

Founder of £1bn chain of opticians explains how she once took the Queen Mary 2 to visit the company's stores

Northwest to end Heathrow-Seattle flights

Airline, which has just merged with rival Delta, announces end of non-stop services just five months after launch

Double miles on Jet Airways' Delhi/Mumbai flights

Indian carrier also signs reciprocal earn and burn deal with United Airlines