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

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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
Aren’t you glad you didn’t say that? The worst wince-and-look-away quotes of the year

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The worst wince-and-look-away quotes of the year
Hollande's vanity project is on a high-speed track to the middle of nowhere

Vanity project on a high-speed track to nowhere

France’s TGV network has become mired in controversy
Sports Quiz of the Year

Sports Quiz of the Year

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Alexander Armstrong on insulting Mary Berry, his love of 'Bargain Hunt', and life as a llama farmer

Alexander Armstrong on insulting Mary Berry and his love of 'Bargain Hunt'

From Armstrong and Miller to Pointless
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Sanchez helps Gunners hold on

Olivier Giroud's moment of madness nearly costs them
A Christmas without hope: Fears grow in Gaza that the conflict with Israel will soon reignite

Christmas without hope

Gaza fears grow that conflict with Israel will soon reignite
After 150 years, you can finally visit the grisliest museum in the country

The 'Black Museum'

After 150 years, you can finally visit Britain's grisliest museum
No ho-ho-hos with Nick Frost's badass Santa

No ho-ho-hos with Nick Frost's badass Santa

Doctor Who Christmas Special TV review
Chilly Christmas: Swimmers take festive dip for charity

Chilly Christmas

Swimmers dive into freezing British waters for charity
Veterans' hostel 'overwhelmed by kindness' for festive dinner

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

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Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect