Markets Rolls-Royce puts bulk of marine business up for sale 2018-01-17T22:09:01.000000000+00:00 The marine division has been hammered by the slump in the oil price over recent years and Rolls’ boss Warren East said the time had come to consider whether it would do better under different owners. Ruthless hedge funds target Carillion rival Interserve 2018-01-17T22:06:37.000000000+00:00 Hedge funds are betting on the demise of one of Carillion’s biggest rivals after cashing in on the collapse of the once-mighty construction giant. Cineworld approaches shareholders to fund takeover 2018-01-17T22:05:04.000000000+00:00 Cineworld confirmed it was beginning to tap shareholders to raise money to buy Regal, creating the second-biggest cinema group in the world. Bitcoin crashes below $10,000 as bubble bursts 2018-01-17T22:01:27.000000000+00:00 The online currency dropped as much as 19 per cent in a fresh trading rout before recovering slightly. Its price has now more than halved since peaking close to $20,000 in mid-December. Bank of England tells credit card firms to rein in lending 2018-01-17T22:01:24.000000000+00:00 Families owe £70bn on their cards, and in a letter to chairmen, the Bank said risks from bad lending ‘remain elevated’. It added that some boards are not getting enough information to spot warning signs. MARKET REPORT: Shares in publisher Pearson tumble 2018-01-17T22:01:17.000000000+00:00 The stock fell 4.7 per cent, or 33.4p, to 685p, after revealing a drop in sales in its US textbook division as cautious customers put-off spending. Melrose plotting ruthless cull of head office jobs at GKN 2018-01-17T22:01:03.000000000+00:00 The turnaround specialist could also break up the business in three to five years if its raid is successful. But the plans were met with opposition from critics who called for ministers to intervene. Goldman Sachs in first quarterly loss for six years 2018-01-17T22:00:58.000000000+00:00 The lender lost £1.4bn in the last three months of 2017 as its bond dealing arm struggled to cope with tougher rules and a shift to automated systems. Burberry looks to be falling out of fashion with shoppers 2018-01-17T22:00:53.000000000+00:00 The British fashion house stood firm on plans to focus more on luxury goods, as it revealed group revenue fell by 2 per cent in the final three months of 2017. FTSE LIVE: Carillion saga rumbles on 2018-01-17T17:25:07.000000000+00:00 The FTSE 100 closed down 30.50 points at 7725.43, as traders focused on disappointing updates from Burberry and US financial giant Goldman Sachs.