Jeremy Warner: Rio Tinto – another lesson in the perils of empire-building

Outlook: The Chinese are fuming and some shareholders are still demanding Tom Albanese's head on a platter. But in the round, Jan du Plessis, Rio Tinto's chairman, seems to have negotiated a satisfactory finale to the tale of corporate woe that began with Rio's top-of-the-market acquisition of Alcan two years ago.

Jeremy Warner: Sir Alan Sugar – you're hired!

Outlook: It seems unlikely that Sir Alan Sugar would be hiring Gordon Brown as his apprentice were the Prime Minister to appear on his TV show. Lacking in people skills, sulky, non-team player, makes enemies easily, and incapable of controlling a budget, Mr Brown would have been fired in the first episode.

Jeremy Warner: Ronson – Ernest's Alzheimer's was my idea

Outlook: Those who still wonder, as I have from time to time, about the origins of Ernest Saunders' Alzheimer's need look no further. The answer is contained in an autobiography published this week by the property developer Gerald Ronson, Leading From The Front.

Jeremy Warner: Rio Tinto ditches its Chinese connection

Outlook Now do keep up. A year is a long time in politics, to misquote Harold Wilson's famous remark, but it seems to be a positive aeon in the mining industry. Fast back 12 months and the commodities sector was still booming, with prices at record highs and Rio Tinto confident in its rejection of a generously valued bid from BHP Billiton.

Jeremy Warner: Latvia must bite the bullet and devalue

Outlook The sooner Latvia and other fringe European nations that peg their currencies to the euro grasp the nettle and devalue, the better it will be for both them and the Western banks that have recklessly been funding their growth. There was talk yesterday of more money from the International Monetary Fund and the European Union, but it will only buy time. These currencies need to revalue.

Jeremy Warner: House price correction is not over yet

Outlook One swallow does not a summer make, and although there has been quite a lot of positive data on the housing market of late, it would be unwise to read too much into yesterday's unexpectedly strong Halifax house price survey.

Jeremy Warner: Dollar weakness is a sign that things are on the mend

Outlook Remember the glory days of two dollars to the pound, when depending on how much they were spending, it almost made sense for Brits to hop on a plane and go shopping in New York? Well, we are not back there yet, but the dollar has weakened markedly in recent weeks and the pound is one of its chief beneficiaries.

Jeremy Warner: Temasek loses its touch on Barclays

Outlook Temasek, the Singapore sovereign wealth fund, seems to have lost the plot. Unlike Sheikh Mansour bin Zayed al Nahyan of Abu Dhabi, who has just made a killing from his investment in Barclays, Temasek apparently chose the bottom of the market earlier this year to offload its stake in Barclays, thereby clocking up a loss on the investment of £500m.

Jeremy Warner: Tragedy of UK's system of final salary pensions

Outlook First BP closes its defined benefit pension fund to new members. Now Barclays is closing its doors to new accruals too, which is the next stage on the road to closure. The final salary pension, one of the great innovations of the post-war industrial landscape, seems finally to be breathing its last – unless of course you happen to work in the public sector, where these gold-plated pension benefits sail on regardless of the ruination of the public finances.

Jeremy Warner: Abu Dhabi turns a fast buck on Barclays

Outlook I was a fierce critic of Barclays' decision last autumn to ignore shareholder pre-emption rights by bringing in Middle Eastern investors on favourable terms to provide new capital.

Jeremy Warner: Merkel slams Bank's loose money stance

Outlook By demanding that the US Federal Reserve and the Bank of England cease their programmes of "quantitative easing" forthwith, and that the European Central Bank avoids the temptation of adopting the same approach, Angela Merkel, the German Chancellor, has broken one of the abiding principles of German politics: that out of respect for central bank independence, all commentary on their monetary actions is strictly off limits.

Jeremy Warner: Is Balls the right man to replace fall-guy Darling?

Outlook: Few Chancellors have been dealt such an overwhelmingly poor hand

Jeremy Warner: Geithner attempts to calm economic relations with China

Outlook: It would be easy for the US to slip back into the bad old ways of living beyond its means

Jeremy Warner: What's the point of the rating agencies?

Outlook How dare they? Whatever the validity of the analysis, there are few things quite so guaranteed to get the juices of patriotic outrage flowing as the implied criticism of a threatened Standard & Poor's downgrade. Endless column inches have been expended in our national press criticising the Government for its disastrous mismanagement of the public finances, but now that an outside organisation has deigned to join the throng, that has really gone and done it. What do these people know?

Jeremy Warner: Furse has had a good innings running the LSE

Outlook For any chief executive to survive as long as eight years in the hot seat, as Clara Furse has done at the London Stock Exchange, counts as some kind of achievement in itself. Yet, ultimately, the chief executive must be judged not by their longevity but by whether they leave the company in better shape than they found it. With Ms Furse, who bowed out yesterday, that question can be answered strongly in the affirmative. OK, so the LSE's share price is a pale shadow of the £20 it achieved during the takeover frenzy of late 2007, but it is also a good deal higher than it was when she started, which is more than can be said for the stock market as a whole. During that time, she has seen off five unwanted LSE suitors, completely overhauled its technology, grown earnings and revenues strongly, increased the product range substantially, merged with Borsa Italiana and made a reasonable fist of seeing off the upsurge in new competition that has resulted from the European Union's markets in financial instruments directive.

News
Video: The Independent's Oscar Williams-Grut provides a run-down of the day's major news from the City
News
While the rest of us enjoy a lazy Sunday, bankers across Europe, and bank investors, will be having a nerve-jangling day, writes business editor Chris Blackhurst
News
Chancellor George Osborne (C) wears a high visibility jacket as he makes a visit to the Prysmian Group factory and speaks to factory manager Steve Price
We’re still waiting for the ‘march of the makers’ promised by George Osborne, writes Ben Chu
News
Video: The Independent's Alex Lawson provides a run-down of the day's major news from the City
News
Carrefour is now just 5 per cent more expensive on brands than Lidl in France
Eyes will be on the firm this Thursday as it unveils half-yearly results. It should look to France, where grocers can show UK retailers how to beat the discounters, says Alex Lawson
News
Video: The Independent's Jamie Dunkley provides a run-down of the day's major news from the City
News
As Philip Morris sues Uruguay over its health warnings, the tiny country has found itself a test case for big business lawsuits that could hit the EU, writes Jim Armitage
News
Many of America’s economic competitors find it difficult to embrace change, writes Satyajit Das
News
The ‘Oasis of the Seas’, the largest cruise ship in the world
Two of the largest vessels in the world cruised into UK waters last week. Simon Usborne measures up some giants of the sea
News
Video: The Independent's Jim Armitage provides a run-down of the day's major news from the City
News
Places like Clacton have been left behind by economic growth
Stopping immigration won’t create jobs. Unaffordable tax cuts targeted at the better-off won’t help the poor. The real answers are a lot harder than that, writes Jonathan Portes
News
Jimmy Choo, whose shoes are designed by Sandra Choi (left), only raised £545m from its London listing
As Virgin Money shelves plans to list on the stock market and designer Jimmy Choo endures a cut-price debut, James Moore considers the outlook for firms wanting to raise funds
Life and Style
‘People take personally what Marks does,’ says Belinda Earl
Maggie Pagano recently said Marks & Spencer's clothes for middle-aged women were frumpy and boring. Last week, she met its style director
News
Video: The Independent's Alex Lawson provides a run-down of the day's major news from the City
News
We should either stay out altogether, or put boots on the ground,’ says Simon Murray as he oversees operations in northern Iraq. ‘Haven’t we got the balls to do that?’
Simon Murray is famed for his views on women executives. Now he’s firmly in a man’s world: finding oil in a warzone
News
Tycoons' text: Warren Buffett and Bill Gates both cite John Brookes' 'Business Adventures' as their favourite book
Video: The Independent's Simon Neville provides a run-down of the day's major news from the City
News
Time to postpone the balanced budget: there’s no alternative to a boost in German domestic public spending and investment, writes Rupert Cornwell
News
FACUNDO ARRIZABALAGA | AFP | Getty Images

Video: The Independent's Jamie Dunkley provides a run-down of the day's major news from the City

News
The BBC’s studios at Media City in Salford, whose mayor typifies the kind of civic leader the regions need
After a decade of wage decline and falling tax receipts, it’s no surprise the deficit is proving hard to clear. Here’s a solution, says Nigel Wilson
News
Video: The Independent's Alex Lawson provides a run-down of the day's major news from the City
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Compensation and Benefits Manager - Brentwood - Circa £60,000

£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...

Data Analyst/Planning and Performance – Surrey – Up to £35k

£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...

IT Systems Business Analyst - Watford - £28k + bonus + benefits

£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...

Markit EDM (CADIS) Developer

£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...

Day In a Page

Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker