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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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine