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.

Hamish McRae: China's slowdown is a blip and could actually help us

Economic View: A cargo of liquefied natural gas not being imported by China is a cargo available to be imported by us

The Business Matrix: Wednesday 10 July 2013

Travelzest's bank credit runs out

The City saw little to fear in George Osborne’s apparent crackdown on the financial sector

Bank shares soar despite George Osborne's apparent 'crackdown'

Investors piled into Britain’s biggest banks today as the City saw little to fear in Chancellor George Osborne’s  apparent crackdown on the financial sector.

Watchdog: aggressive banks will have to raise capital buffer

Global regulators have warned that there are “significant differences” in how banks evaluate the riskiness of their assets, raising the prospect that some may ultimately have to increase their capital buffers by more than expected.

James Moore: Banks must pay for their insurance policies, too

Outlook The Bank of England doesn't appear to be for turning when it comes to the demands it is making on banks over the amount of capital they hold. That much was made clear at yesterday's Treasury Select Committee. It promises to make life uncomfortable for Barclays and Nationwide as they work out how to satisfy their new regulator's demands.

Banks censured over 'pointless' political lobbying

Senior Bank of England officials today delivered a stern rebuke to commercial banks that have been lobbying ministers to water down regulation of the sector.

RBS and Barclays face yet another banking scandal

Barclays, Royal Bank of Scotland and HSBC were yesterday at the centre of yet another investigation by regulators, after European watchdogs said they were among 13 banks charged with shutting exchanges out of the lucrative credit derivatives market.

What the Sunday Papers Said

The team behind the £43bn High Speed 2 rail link wants new powers to borrow money in debt markets and hedge against the cost of rising commodity prices. HS2's commercial director, Beth West, is in talks with ministers over legislation to enshrine the new powers. She said raising debt would allow managers to "bring in financial discipline" instead of relying on the Government.

The Business Matrix: Monday 01 July 2013

Android powers ahead of Apple

Caught in the web: The internet has made it all too easy for data to be collected on a vast scale

More companies put data about their customers on sale

Shoppers' spending habits are increasingly being bought and sold by banks and businesses without their consent, reports Chiara Cavaglieri

Investment Insider: Be smart over shares as economy recovers

Choose carefully and you may benefit as we come out of recession

VocaLink develops mobile payments app Zapp

Technology which will allow consumers to make payments using their mobile phones is to be developed by the company behind Link cash machines.

The Chancellor, George Osborne, on The Andrew Marr show

George Osborne finalises deals with Cabinet ministers on budgets that will cut £11.5bn from spending

Chancellor also confirmed plans to use fines on bankers to help support the welfare of troops and veterans

Regulator tells Barclays, Lloyds and RBS to plug £27bn hole in finances

The scale of the challenge facing policymakers to return Lloyds Banking Group and Royal Bank of Scotland to private ownership became clearer today as the banking industry was told to raise another £13.4 billion.

American rapper Jay-Z performs during the Heineken Open'er Festival in Gdynia, northern Poland, July 5, 2008. Picture taken July 5, 2008. REUTERS/Kacper Pempel (POLAND)

Biggest star in the Galaxy – Jay Z to give away 1 million albums on Samsung’s smartphones

Magna Carta Holy Grail will be available to users for three, three days before public release

Arts and Entertainment
Lennie James’s return as Morgan does not disappoint
artsConquer, TV review
News
people
Arts and Entertainment
Another picture in the photo series (Rupi Kaur)
arts
News
Keith Fraser says we should give Isis sympathises free flights to join Isis (AFP)
news
Life and Style
Google celebrates the 126th anniversary of the Eiffel Tower opening its doors to the public for the first time
techGoogle celebrates Paris's iconic landmark, which opened to the public 126 years ago today
News
Cleopatra the tortoise suffers from a painful disease that causes her shell to disintegrate; her new prosthetic one has been custom-made for her using 3D printing technology
newsCleopatra had been suffering from 'pyramiding'
Life and Style
Baroness Lane-Fox warned that large companies such as have become so powerful that governments and regulators are left behind
techTech giants have left governments and regulators behind
News
people
Arts and Entertainment
Coachella and Lollapalooza festivals have both listed the selfie stick devices as “prohibited items”
music
Sport
Nigel Owens was targeted on Twitter because of his sexuality during the Six Nations finale between England and France earlier this month
rugbyReferee Nigel Owens on coming out, and homophobic Twitter abuse
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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 12 March 2015
No postcode? No vote

Floating voters

How living on a houseboat meant I didn't officially 'exist'
Louis Theroux's affable Englishman routine begins to wear thin

By Reason of Insanity

Louis Theroux's affable Englishman routine begins to wear thin
Power dressing is back – but no shoulderpads!

Power dressing is back

But banish all thoughts of Eighties shoulderpads
Spanish stone-age cave paintings 'under threat' after being re-opened to the public

Spanish stone-age cave paintings in Altamira 'under threat'

Caves were re-opened to the public
'I was the bookies’ favourite to be first to leave the Cabinet'

Vince Cable interview

'I was the bookies’ favourite to be first to leave the Cabinet'
Election 2015: How many of the Government's coalition agreement promises have been kept?

Promises, promises

But how many coalition agreement pledges have been kept?
The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat

The death of a Gaza fisherman

He built his own reef, and was fatally shot there by an Israeli gunboat
Saudi Arabia's airstrikes in Yemen are fuelling the Gulf's fire

Saudi airstrikes are fuelling the Gulf's fire

Arab intervention in Yemen risks entrenching Sunni-Shia divide and handing a victory to Isis, says Patrick Cockburn
Zayn Malik's departure from One Direction shows the perils of fame in the age of social media

The only direction Zayn could go

We wince at the anguish of One Direction's fans, but Malik's departure shows the perils of fame in the age of social media
Young Magician of the Year 2015: Meet the schoolgirl from Newcastle who has her heart set on being the competition's first female winner

Spells like teen spirit

A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

If fashion is a cycle, this young man knows just how to ride it

British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

Licence to offend in the land of the free

Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
From farm to fork: Meet the Cornish fishermen, vegetable-growers and butchers causing a stir in London's top restaurants

From farm to fork in Cornwall

One man is bringing together Cornwall's most accomplished growers, fishermen and butchers with London's best chefs to put the finest, freshest produce on the plates of some of the country’s best restaurants
Robert Parker interview: The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes

Robert Parker interview

The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
Don't believe the stereotype - or should you?

Don't believe the stereotype - or should you?

We exaggerate regional traits and turn them into jokes - and those on the receiving end are in on it too, says DJ Taylor