News

Britain's oldest private-equity firm has written down the value of its investment in the retailer Hobbs because of poor trading over the festive period.

A growing body of research suggests that a good cackle carries health benefits

Laughter Inc: the cheering growth of the chuckle industry

Getting people to guffaw together has become a serious enterprise, report Sarah Morrison and Beren Cross

Now the Chancellor has trumped the City again with his brutal sacking of Stephen Hester

George Osborne and Stephen Hester: A giddy game of musical chairs in the City

The City hasn't seen this sort of blood-letting or excitement for years, possibly decades. First of all came George Osborne's stunning decision to overlook all the City grandees and appoint Don Draper, sorry Mark Carney, to be the new Governor of the Bank of England, thus over-turning centuries of tradition and ignoring months of lickspittle by wannabe governors.

Singapore punishes RBS and others for rate manipulation

Royal Bank of Scotland was yesterday among 20 banks punished by Singapore's central bank for trying to manipulate benchmark borrowing and currency rates.

Bank of England deputy governor Paul Tucker is to step down

Deputy Bank of England Governor Paul Tucker quits

Mr Tucker said he planned to spend time in academia in the US

A Coalition row has broken out over the proposed sale to the public of shares in the state-owned Royal Bank of Scotland as Liberal Democrats warned that they will not allow ordinary people to be 'conned'

Coalition row breaks out over sale of RBS shares to the public

Although both parties want to see many of the shares go to ordinary people, Lib Dems are worried that George Osborne may adopt a scheme that would see a rise in the share price benefit the Treasury

Nathan Bostock in running to replace Stephen Hester at RBS

He was recently announced as the bank's new finance director

Police officers detain a protester demonstrating against the upcoming G8 summit in central London

G8 protests: 57 people arrested in London after clashes between police and anti-capitalist demonstrators

Major operation launched to clear central London HQ of anti-G8 movement in former police station

Emily Thornberry: Weak UK laws meant US took the lead in Libor scandal, she said

Labour plans a white-collar crime blitz to tackle financial mis-selling and fraud - with fines based on turnover

UK banks and businesses could face multimillion pound fines for defrauding their customers in a crackdown on white-collar crime to be announced by Labour.

Bankers' bonuses 'could be delayed for a decade'

Parliamentary Commission on Banking Standards says move would make bankers think more about their behaviour

Market Report: Samsung suppliers hit by Galaxy cloud

Back in April, Samsung’s Galaxy S4 smartphone was the hottest device around, but fears that demand has waned swept the stock market yesterday and investors hung up on its suppliers.

Mark Dampier: Ten years on, and you can still bank on Ian McVeigh

Investors need to take care when looking at a fund's performance history. A five- or ten-year track record might be available, but it doesn't mean the same manager has been at the helm throughout. Continuity of management is a rare thing these days. Fund managers move around regularly, making it difficult for investors to track their progress.

Easy financing helps car sales return to 2007 levels

Car sales returned to pre-recession levels last month as consumers took advantage of special offers and shifted increasingly to more energy-efficient vehicles.

Bank’s flagship credit scheme flops again as lending falls £300m

The Bank of England’s key tool for boosting credit to the economy drew heavy fire today as lending shrank by £300 million in the first three months of the year.

The Business Matrix: Monday 3 June 2013

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'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

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Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

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Charlotte Gainsbourg on 'Nymphomaniac'

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Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

Everyone is talking about The Trews

Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before
'Queer saint' Peter Watson left his mark on British culture by bankrolling artworld giants

'Queer saint' who bankrolled artworld giants

British culture owes a huge debt to Peter Watson, says Michael Prodger
Pushkin Prizes: Unusual exchange programme aims to bring countries together through culture

Pushkin Prizes brings countries together

Ten Scottish schoolchildren and their Russian peers attended a creative writing workshop in the Highlands this week
14 best kids' hoodies

14 best kids' hoodies

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Robert Fisk in Abu Dhabi: The acceptable face of the Emirates

The acceptable face of the Emirates

Has Abu Dhabi found a way to blend petrodollars with principles, asks Robert Fisk