Angad Paul, boss of the troubled steel company Caparo, plunged to his death yesterday morning, it was reported today.
Police said he died after plummeting from his penthouse flat in central London, and that the death was not being treated as suspicious.
The apparent suicide follows the collapse into administration last month of Caparo, which was hit by sharply lower steel prices and the strength of the pound.
The Telegraph reports that steel makers have called on the European Union to stop China dumping output in Europe.
Almost 5,000 British jobs have been lost at Tata Steel, SSI and Caparo Industries in recent weeks, as the sector fights for survival, wrote the paper's industry editor, Alan Tovey, before news of Angad Paul's death broke.
Two companies on the comeback trail are attracting lots of press attention today.
Emergency power provider Aggreko (LON:AGK) cheered the market by reiterating its full-year guidance, despite a third quarter in which revenue was down 6% year-on-year.
The company has lowered its capital spending plans for the year to £250mln from £270mln, having previously cut it from £300mln.
Meanwhile, former boss of Aggreko, Rupert Soames is celebrating some good news at his new gig with the fallen outsourcing giant Serco (LON:SRP).
The company has reached agreement with the Australian Government to amend the terms of its contract to provide in-service support to the fleet of Armidale Class Patrol Boats (ACPB).
The ACPB contract was subject to an onerous contract provision charged at the end of 2014 of £136mln, reflecting anticipated future losses through to 2022, together with a further charge of £66mln relating principally to the impairment of receivables.
The group used £16mln of the ACPB provision in the first half of 2015, and said it is likely that the ACPB contract amendment will result in a significant decrease in the overall level of the group's provisions against future contract losses.
Those soft-hearted Aussies, eh?
The Gym Group (LON:GYM) is trying its luck with a stock exchange listing.
The initial public offering of 64mln shares has been priced at 195p a share. Far from feeling the burn, investors have seen the value of their share holdings pile on the pounds, with the shares trading at 204p in conditional dealing.
In the small caps world, news that International Mining & Infrastructure Corporation (LON:IMIC) has raised US$22mln through a bond issue has had private investors clicking on the story but has not done anything to the share price, which is unchanged.