Standard Chartered matched an eighth straight gain for the London market on Friday as confidence grew that the bank can avoid a cash call.
Zinc's jump, its biggest one-day gain in at least a decade, followed Glencore's announcement that it will cut 500,000 tonnes of annual zinc production.
Barclays is planning to swap City grandees on its board and has approached Sir Gerry Grimstone to replace Sir Mike Rake as deputy chairman of the British bank.
... * G20 finance ministers endorse OECD proposals. * Deal aims to tighten decades-old international tax rules. * Challenge is in implementation of plan.
LONDON—The U.K. takeover rules are tripping up yet another foreign company in the heat of battle. On Wednesday, Carlos Brito, the chief executive of Anheuser-Busch InBev NV, ran afoul of the U.K.