RAB Capital the hedge fund manager, said that it had bought a further 120,000 shares in Northern Rock at 96.19p a share, taking its stake to 8.13 per cent. RAB is backing Rock’s management team in the takeover fight with Virgin. The Times
MRP has announced a £100m funding deal with AIG Global Real Estate for its Onyx student accommodation scheme in Birmingham.
Mexican restaurant chain Chilango is poised to launch a company voluntary arrangement (CVA) to avoid going into administration.
The headquarters of footwear retailer Kurt Geiger in the City fringe is up for sale for £62m.
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