The holidays are almost over. Children are getting ready for school and, public transport is getting crowded again, and most of us are preparing to get our heads back down to work for the four-month slog up to the Christmas and New Year holidays.
Macquarie Group, the Australian listed financial services company, dropped 7.8% on the Sydney market today, as analysts at UBS downgraded the stock on concerns over the strength of its capital position and its business model.
UK buyout firm Candover has taken a hit on UK gambling company Gala Coral, implying a £700m (€876m) writedown for owners Permira, Cinven and Candover, while raising more than half of the capital for its planned €5bn ($7.4bn) fund.