Charles Pretzlik: Derek Bonham dies

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Just a quick note from me this lunchtime as things are quite busy here in the newsroom and I’m already running very late.

The credit squeeze remains top of our agenda, with more original reporting under way. We’ll have lots more on that for you in tomorrow’s paper.

We’re also gathering reaction to our scoop about Eric Knight targeting HSBC.The shares have done very little, off ¼p at 886¾p. You can watch our banking editor Peter Thal Larsen’s video analysis from this morning online.

Otherwise the main story is the very sad news that Derek Bonham died on Monday, aged 64. I first met him as a young reporter while he was chief executive of Hanson in the early 1990s and have always liked and respected him very much. If you want to pay tribute to him in tomorrow’s paper, email me at or post a comment on this blog.

Also, Domestic & General have confirmed Lina Saigol’s story this morning. It has agreed a takeover by Advent International, the private equity firm, in a deal that values the provider of extended warranty and central heating cover at £524m. Interesting to see an LBO in this market, albeit quite a small one.

Finally, for those who enjoyed the Max Petroleum story yesterday, Paul Murphy and Neil Hume have some more on it on FT Alphaville.

Also, wasn’t today supposed to be the deadline for offers for Nasdaq’s 31 per cent stake in the London Stock Exchange? Bound to be delayed. More later.

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