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Shares in Sino-Forest soared the most almost two weeks after Wellington Management said it owned an 11.5 per cent stake in the Chinese tree plantation company. Bloomberg says Sino-Forest rose 30 per cent on Monday in Toronto after Wellington Management said in a regulatory filing it held 28.3m shares as of June 30 http://ftalphaville.ft.com/thecut/2011/07/05/612516/sino-forest-shares-soar-on-wellington-stake/

The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default, a senior finance official told the FT. The ECB would rely on the principle of using the best rating available from the agencies – Standard & http://ftalphaville.ft.com/thecut/2011/07/04/612416/risk-rally-slowed-as-sp-warns-on-greece/

The spike in global demand for industrial metals has sparked a fierce battle among UK demolition companies as they vie to remove scrap metal from condemned buildings. Competition to demolish sites with a high concentration of copper and steel, http://ftalphaville.ft.com/thecut/2011/07/05/612476/scramble-for-scrap-metal-rich-demolition-jobs/

Paulson & Co, the hedge fund that made billions from betting on a collapse in mortgage-backed securities during the financial crisis, has made more than $550m from a recovery in the value of bonds it bought in failed investment bank Lehman Brothers http://ftalphaville.ft.com/thecut/2011/07/05/612451/paulson-enjoys-550m-lehman-boost/

A rising number of US companies have moved to streamline operations this year through asset sales and spin-offs in a bid to remedy lacklustre stock market valuations for conglomerates, the FT reports. Divestitures have risen to a record share of global mergers and acquisitions activity so far this year http://ftalphaville.ft.com/thecut/2011/07/05/612431/spin-offs-reach-record-share-of-ma/

The mayor of a small town in Japan has signed off the restart of two nuclear reactors, in a decision that could help avert a complete shutdown of Japan’s nuclear power stations, the FT reports. The decision by the mayor of Genkai, http://ftalphaville.ft.com/thecut/2011/07/04/612361/japan-mayor-keeps-nuclear-shutdown-at-bay/