• Savoy stake sale stalls

Talks between the owners of the Savoy and Qatari Diar over the sale of a stake in the hotel are thought to have stalled.

The Times reported that Prince Alwaleed and HBoS had been negotiating with the sovereign wealth fund to take a third of the Savoy. It was rumoured that, with trading in London strong and the hotel set for an October opening, HBoS was reluctant to sell.

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