Metals tycoon Sanjeev Gupta to launch high-yield bond

Metals tycoon Sanjeev Gupta has held talks with JPMorgan to launch the first high-yield bond backed by part of his sprawling industrial empire, after plans for a stock market flotation of his Australian steel division foundered

UK workers get their biggest pay rises in 11 years

Britain’s workers received their biggest pay rises in more than 11 years this summer as the unemployment rate fell to its lowest since the mid-1970s, even as the country’s political crisis over Brexit deepened.

Struggling lender Metro Bank is readying a £500 million deal to offload a mortgage portfolio back to US hedge fund Cerberus Capital Management in its latest attempt to strengthen its finances after an accounting error hammered its shares



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