The directors of fast food business Abrakebabra expect the restructuring of the group’s finances and rental agreements to be completed on terms acceptable to the group, its bank and landlords.

The Jurys Inn hotel group has been acquired — pending regulatory approval — by US investment firm Lone Star Funds for £680m (€910m).

US investors have agreed a €910m deal for the Jurys Inn hotel group.

Lloyds Banking Group has agreed to sell 4,000 non-performing Irish mortgage loans to Lone Star Funds, a US investment company, according to sources.

More than €670m worth of Irish mortgages are to be sold to a US-based private equity firm for an undisclosed sum.

A bankruptcy judge in the US has been asked by IBRC to approve the sale of loans with nominal balances totalling more than $19bn (€13.75bn).

The companies behind the loss-making Abrakebabra and Bagel Master fast food businesses say they have implemented business plans to return the operations to profitability.

Commerzbank plans to sell more than €4bn of loans linked to Spanish real estate by June 30, two people with knowledge of the situation said.

Commerzbank AG, the German bank forced into an €18.2bn bailout, jumped the most since Oct 2011 in Frankfurt trading after second-quarter earnings fell less than analysts estimated.

US banking giant Merrill Lynch might not pay any corporation tax in the UK for several decades after channelling US$29bn (€19.73) of losses through its London operation, a report said today.

The FTSE 100 Index finished moderately higher after an unconvincing session for world markets today.