Kraft Foods’ takeover of Cadbury was only a quarter the size of last year’s biggest bids — BHP Billiton’s for Rio Tinto, for example — but the offer for the confectioner has assumed disproportionate importance and could permanently tilt the playing field for future British acquisitions, by protecting companies at the expense of investors’ profits.
Richard Northedge has unearthed confidential papers that reveal the Bank of England and the Treasury at loggerheads over a banking collapse 35 years ago
The hidden double-digit boom
Richard Northedge says the FTSE’s dismal performance since the millennium will deter a generation of investors
A trade deficit in chief executives
Richard Northedge says the gimmicks used to sell BT will soon have to be dusted off for RBS and Lloyds
Who wants to be a FTSE chairman?
Critics of Gordon Brown’s ‘tripartite’ regulatory structure want authority restored to Threadneedle Street, says Richard Northedge.
Dividends — the directors’ cut
Richard Northedge wonders how the Treasury will run competing banks, and whether it can ever sell them
Fifty years on, the yield gap reverses
So many ways to say we’re in trouble
Richard Northedge identifies the signals that will tell us when the property slump has passed its lowest point
Richard Northedge on the current financial crisis
Who are housebuilders trying to fool?
A primary banking crisis
Richard Northedge says those who did not overspend during the boom years will soon be able to buy whatever they want at bargain prices, perhaps even with borrowed money
Richard Northedge on the FSA's new chairman
Richard Northedge questions the Treasury's magnanimous treatment of the Financial Services Authority
Richard Northedge meets Andrew Cosslett — whose company, InterContinental, opens a new hotel every day
What's happened to the pound in your pocket.
The snag is, the bank manager has got his prices wrong. Last week, the monetary policy committee kept Bank Rate unchanged for fear of appearing to panic.
Kurdish-born Nadhim Zahawi, boss of the internet-based polling company YouGov
The urge to be Sir Alan’s apprentice
Aux armes, actionnaires!