Channel Islands

Network Rail is poised to raise £4bn by an issue of short-term commercial paper. References: The Times 24/02/02 page 22 (Need to know) .

Michael Lindsay has been appointed head of KPMG Corporate Finance’s real estate financing advisory practice. He joins from Salomon Smith Barney where he was a director.

The first referenda on elected regional assemblies could take place within 18 months, John Prescott will predict today. The deputy prime minister will decide in the summer which regions have…

Hugh Osmond will this week make a £5.7bn cash and shares bid for hotel group Six Continents and pledge to return £1.5bn to shareholders.

Professor Steve Nickell, of the Bank of England’s Monetary Policy Committee, has hinted that interest rates may be cut further. He said growth forecasts are being cut and that house…

The management of TBI, which runs a stable of regional airports including Luton, has been in talks about taking the company private.

Berkeley Group chief executive Tony Pidgley said he was still on good terms with his son, also called Tony, after he tried to take over the company.

Izodia and Orb Estates are thought to be on the verge of agreeing a settlement over the £33m of alleged missing cash being investigated by the Serious Fraud Office.

Mortgage borrowers will receive less protection and face more confusion when the Financial Services Authority (FSA) begins to regulate home loans next year, according to the Mortgage Code Compliance Board.

If Britain decides to join the euro taxes may have to rise within the next year, according to a report by Goldman Sachs.