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.

Standard Chartered takes a hit as finance director is stripped of risk role

Finance director Richard Meddings is set to hand over responsibility for risk to chief executive Peter Sands

Elisabetta Grillo, foreground, and Francesca Grillo, left, deny abusing their positions by using credit cards loaned to them by Ms Lawson and her former husband Charles Saatchi

Sisters' spending on Saatchi credit cards was not checked, trial told

It wasn't our job to get involved, says finance director

Outlook: Back-to-the-future banking on the cards at HSBC – or is that Midland?

Outlook: The bank has reportedly sounded out investors about the partial flotation of its UK bank

Bob Diamond plans City comeback with new African banking business

Diamond is expected to list a cash shell on the LSE in a bid to raise more than £150 million to acquire an African bank.

What the Sunday Papers Said

Independent on Sunday: Standard Chartered board split over rights issue

Standard Chartered’s board is divided over whether a rights issue is needed to strengthen its balance sheet after a tough year’s trading in emerging markets. The need for a cash call has been discussed privately between directors rather than at a formal board meeting.

The Business Matrix: Monday 9 December 2013

Royal Mail set to join FTSE 100

Labour targets Treasury minister over role at Libor scandal bank

Javid had job at bank that is one of those hit by record fine for cartels' conspiracy

Banks fined record £1.4bn over rate rigging scandal

The European Commission has fined five international banks, including Royal Bank of Scotland, and a broker a record 1.7 billion euros (£1.4 billion) for rigging crucial interest rate benchmarks.

Pearson splashes $500m to buy Brazil's top English language school

Education giant Pearson has acquired Grupo Multi, an English-language school provider in Brazil as the FTSE 100 group presses ahead with its expansion plans in emerging markets.

Market Report: The wider market followed Europe's lead and fell into the red

From Black Friday to Cyber or Mega Monday – the marketing machine to promote Christmas shopping was in full swing yesterday, but the stock market resembled meagre Monday as a series of downgrades and margin warnings hit the retail sector.

Funding for Lending loans more than triple to £5.8bn led by Lloyds and Nationwide

Net lending by banks participating in the Bank of England's flagship scheme Funding for Lending more than tripled to £5.8 billion in the third quarter, according to newly released figures.

What the Sunday papers said

The Independent on Sunday: Water watchdog spends £20m on consultants

The much-criticised water regulator has been accused of costing bill-payers nearly £20m after hiring consultants at the same time that it was pressuring utilities to reduce their prices. Ofwat is said to be badly under-resourced and has asked a team led by the accountancy firm PricewaterhouseCoopers to assess the business plans of the water companies for 2015-20.

The Business Matrix: Monday 02 December 2013

More City jobs available this year

OUTLOOK: RBS investigators are too tied to the establishment to win victims’ trust

Lawrence Tomlinson cuts quite a dash. The swashbuckling racing driver/millionaire tycoon shoots from the hip, and his report on RBS’s treatment of small business was characteristically explosive.

Co-operative Bank loses customers after Paul Flowers scandal

The Co-operative Bank has admitted for the first time it is losing customers after a series of scandals including alleged drug-taking by former chairman Paul Flowers.

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Pompeii, Capri & the Bay of Naples
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3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

Baghdad fights to win back Tikrit from Isis – but then what?

Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable
Living with Alzheimer's: What is it really like to be diagnosed with early-onset dementia?

What is it like to live with Alzheimer's?

Depicting early-onset Alzheimer's, the film 'Still Alice' had a profound effect on Joy Watson, who lives with the illness. She tells Kate Hilpern how she's coped with the diagnosis
The Internet of Things: Meet the British salesman who gave real-world items a virtual life

Setting in motion the Internet of Things

British salesman Kevin Ashton gave real-world items a virtual life
Election 2015: Latest polling reveals Tories and Labour on course to win the same number of seats - with the SNP holding the balance of power

Election 2015: A dead heat between Mr Bean and Dick Dastardly!

Lord Ashcroft reveals latest polling – and which character voters associate with each leader
Audiences queue up for 'true stories told live' as cult competition The Moth goes global

Cult competition The Moth goes global

The non-profit 'slam storytelling' competition was founded in 1997 by the novelist George Dawes Green and has seen Malcolm Gladwell, Salman Rushdie and Molly Ringwald all take their turn at the mic
Pakistani women come out fighting: A hard-hitting play focuses on female Muslim boxers

Pakistani women come out fighting

Hard-hitting new play 'No Guts, No Heart, No Glory' focuses on female Muslim boxers
Leonora Carrington transcended her stolid background to become an avant garde star

Surreal deal: Leonora Carrington

The artist transcended her stolid background to become an avant garde star
LGBT History Month: Pupils discuss topics from Sappho to same-sex marriage

Education: LGBT History Month

Pupils have been discussing topics from Sappho to same-sex marriage
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Go bold this season: 11 best gel eyeliners

Use an ink pot eyeliner to go bold on the eyes with this season's feline flicked winged liner
Cricket World Cup 2015: Tournament runs riot to make the event more hit than miss...

Cricket World Cup runs riot to make the event more hit than miss...

The tournament has reached its halfway mark and scores of 300 and amazing catches abound. One thing never changes, though – everyone loves beating England
Katarina Johnson-Thompson: Heptathlete ready to jump at first major title

Katarina Johnson-Thompson: Ready to jump at first major title

After her 2014 was ruined by injury, 21-year-old Briton is leading pentathlete going into this week’s European Indoors. Now she intends to turn form into gold
Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
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How I outwitted the Gestapo

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The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
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Getting young people to vote

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