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.

Albemarle on borrowed time as cash call fails

Pawnbroker Albemarle & Bond has just a month to save itself from collapse after emergency efforts to raise £35 million from investors broke down.

Britain's major banks warned of cyber attack threat amid concerns over 'vulnerabilities'

Banking sector is particularly at risk due to old and complex IT systems

Anthony Hilton: Shareholders can’t hold boards to account from the other side of the world

It’s unusual for economists like Ben Broadbent to admit they’re lost. It’s also unnerving

Michael Spencer’s company has been fined £55m

Heat raised on Tory donor as Libor fixing file is passed to SFO

Criminal charges could be a possibility for brokers who worked  for Michael Spencer

Icap Boss Michael Spencer under fire after £55m Libor scandal fine

Icap boss Michael Spencer was today told to “raise his game” after the firm was hit by an embarrassing £55 million fine for its role in the Libor scandal.

Icap is run by former Conservative party treasurer Michael Spencer

'Let's discuss kickbacks over lunch': Tory donor's firm fined £55m over Libor fixing

Traders' emails reveal shocking conspiracy at Icap, the financial company owned by former Conservative treasurer and prominent party donor Michael Spencer - now bankers face 30 years in jail

Jim Armitage: 'Appalled and disgusted', so why no gesture of apology from Icap chief?

Outlook Michael Spencer is a hard man not to admire. From nowhere, he built his City broking house into a FTSE 100 company employing 5,000 staff worldwide. He is not afraid to speak out on controversial political issues and, unlike many of his peers at the top of major companies, is opinionated without the banal varnish of the MBA.

Somali remittances: It's about justice, not charity

If Barclays cut this service both Somalis and the Somali state will suffer

James Moore: US regulators set to give banks another battering

Outlook For a country that espouses free wheelin' capitalism, red in tooth and claw, the US has a surprisingly large number of regulators.

Barclays Bank computer heist: Two in court over £1.3m haul

Two men have appeared in court charged with taking over a bank's computer system to steal £1.3 million.

Anthony Hilton: Vernon Hill’s root and branch approach leaves Metro Bank blooming

Bank has 20 branches and plans to open a new one roughly every month to bring the total to about 200

Barclays' rate bungle could cost it £100m

Some 300,000 people who took out personal loans through Barclays are in line for compensation worth hundreds of pounds after the bank admitted it had made mistakes on their paperwork.

Barclays Bank computer heist: Eight arrested over £1.3m haul

Eight men have been arrested in connection with a £1.3 million theft carried out by a gang who took over a bank branch computer system.

James Moore: Telling the truth has its price as Tesco dumps house brokers

Outlook The way Tesco tells it, the decision to dump long-time brokers JP Morgan Cazenove and Nomura was simply good housekeeping. The two had been in place for seven years, after all, and since then there's been a change of chief executive, with Philip Clarke now in charge, not to mention a rather notable change in the fortunes of the business. Having previously been described as "the supermarket that ate Britain", the last couple of years have seen the retailer suffering from corporate indigestion.

Average payout of more than £300 for customers as bank pays refunds of interest paid on personal loans

300,000 Barclays customers to get surprise windfalls as bank to pay £100m in loan error

Average payout of more than £300 for customers as bank pays refunds of interest paid on personal loans

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Prices correct as of 28 November 2014
Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

Christmas Appeal

Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

Is it always right to try to prolong life?

Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

What does it take for women to get to the top?

Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

Knitting pretty: British Christmas Jumpers

Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

French chefs campaign against bullying

A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

Just what you need on a New Year hangover...

Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
Cuba set to stage its first US musical in 50 years

Cuba to stage first US musical in 50 years

Claire Allfree finds out if the new production of Rent will hit the right note in Havana
Christmas 2014: 10 best educational toys

Learn and play: 10 best educational toys

Of course you want them to have fun, but even better if they can learn at the same time
Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

Paul Scholes column

I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

Lewis Moody: Lancaster has made all the right calls – now England must deliver

So what must the red-rose do differently? They have to take the points on offer 
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game