BHP/Potash:
BHP/Potash:
Canada’s takeover rules make Potash Corp of Saskatchewan easier to snare. Weaker protections for minority shareholders and stricter limits on poison pill defences should aid BHP Billiton’s $39 billion hostile bid. But, the miner may face a bigger hurdle closer to home.
UK mortgage lending plunges to £86 million
Mortgage lending dived sharply in July as activity in the housing market remained subdued, figures showed today. Related Stories Gurkha regiment may be axed in MoD cuts MoD budget cuts ‘threaten Gurkhas’ Union slams BA disciplinary cases UK mortgage lending plunges False safety check rail worker sacked
Four-year negative equity warning
The National Housing Federation warns that homeowners in England who bought at the peak may face four more years of negative equity.