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.

Tony Colston-Hayter is credited with helping create the 1990s club scene

Acid house’s former 'Mr Big' admits £1.3m Barclays fraud charges

Guilty plea follows spells as rave organiser and gambler

Credit Suisse urges junior staff to take Saturdays off

Credit Suisse follows JPMorgan, Bank of America and Goldman Sachs in effort to improve working practices on Wall Street

Derby-based Direct Help and Advice has accused RBS of costing it at least £150,000 by mis-selling an interest rate hedging product to support its mortgage loans

Debt charity warned future in doubt after RBS uses stalling tactics to major mis-selling claim

A debt charity has warned its future is in doubt after the Royal Bank of Scotland used stalling tactics to avoid sorting out a major mis-selling claim.

New closure threat for local bank branches

Local bank branches are facing fresh risks of closure, according to Derek French of the Campaign for Community Banking Services.

Cineworld announced a merger with a Polish-listed rival

Polish merger makes Cineworld one of Europe's biggest chains

Cineworld announced a merger with a Polish-listed rival that sees it become one of Europe's biggest cinema chains, sending its shares jumping 4 per cent.

Market Report: Happy Christmas sales at the grocers deliver gains for Ocado

As the supermarkets kicked off their Christmas reporting yesterday the expected sales bloodbath failed to materialise – leaving Ocado the big winner.

Mr Desmond bought Channel 5 for £103.5m in 2010

Richard Desmond considering sale of Channel 5 for £1bn

Richard Desmond has called in Barclays bank to advise on the sale Big Brother broadcaster Channel 5 in a deal the media mogul hopes could raise as much as £1 billion.

Antony Jenkins admits 'it could take 10 years to rebuild trust in Barclays'

Chief executive says 'trust is a very easy thing to lose, and a very hard thing to win back'

Investment Insider: Don't forget growth if you are tempted by yield from dividend

Two thirds of the UK economy is dependent on consumer spending

2013 - the business year in review: Happy days may be on their way

The scandals continued, but the main message the City took home from 2013 was that the good times are back

Cheques with a value of almost £840bn were processed in the UK in 2012 – 10 per cent of all payments by individuals.

Treasury unveils ‘smart’ way to cash a cheque: Take a photo on your phone and mail to the bank

People will be able to take pictures of cheques on their smartphones and send them to their bank to receive the money early, under a Treasury plan announced today.

Mark Zuckerberg announces $2.3bn Facebook share sale

Facebook shares fall as much as 5 per cent in pre-market trading

Bob Diamond makes triumphant return to the City with a new African banking business

The former Barclays’ chief executive Bob Diamond has raised a higher than expected $325m (approximately £200m) from investors as he returned to the London stock market today with a new venture targeting Africa.

Outlook: Reformers should look at £38bn bung from taxpayer to the banks

That the Banking Reform Bill is a worthwhile effort is largely thanks to the efforts of Andrew Tyrie and his colleagues on the Parliamentary Commission on Banking Standards.

A £38bn ‘subsidy’ for Big Four hits small banks

Think tank warns reforms do not go far enough to tackle problems in the UK

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