hei-fi

No time should be wasted asking them to reform – just do it

Senior Tories to keep their second jobs until New Year

Cameron accused of 'double standards' in deal over MPs' outside interests

Patrick Kinna: Churchill's wartime secretary

As Winston Churchill's secretary and assistant, Patrick Kinna often found himself at the centre of events during the Second World War. The Kinna family had generations of army service but Patrick, slight of stature and not cut out to follow his four elder brothers into the forces, thought to have a career as a journalist and enlisted in a local secretarial college to acquire shorthand and typing skills, winning the All England Championship for secretarial speeds. He joined Barclays Bank as a clerk while deliberating whether to be a journalist or a skating instructor; he had been training with Belita Jepson-Turner and achieved British gold medal status in ice dancing.

Margareta Pagano: Our brilliant City financiers? They're all tarts at heart

One of the City's most blue-blooded stockbrokers once told me there is a simple reason why London has been the hub of global finance for more than 300 years – British financiers are brilliant hustlers.

Frank McGarahan: Killing of a good samaritan

When Frank McGarahan saw a homeless man being beaten up, he stepped in - and paid for his courage with his life. Yesterday two brothers were found guilty

Margareta Pagano: Harman's call for more women at the top is bang-on

They're talented and represent half the population. Is there a better reason for putting them on the board?

UK recession to last at least another year, warns banking chief

Manufacturers facing the worst climate for 30 years, CBI adds

Saints battle to stay in business

Administration and a 10-point penalty loom large for struggling Southampton

Stephen Glover: The Guardian's coverage of tax is obsessive but not compulsive

If there are any young psychologists looking around for a subject for a PhD thesis, may I suggest a subject? It would be something along the lines of "Guilt, expiation or displacement at The Guardian".

David Prosser: Barclays battles to avoid the state's embrace

Outlook Barclays Bank keeps pulling rabbits out of the hat in order to avoid throwing in its lot with the British taxpayer. Last autumn, when everyone assumed it would have to sell a chunk of equity to the state to boost its capital strength, it instead managed to do a deal – albeit a controversial one – with the Middle East. And now the sale of iShares, its exchange-traded fund business, may enable it to avoid participation in the asset protection scheme.

Jeremy Warner: Commercial property takes a terrible bath

Outlook A couple of years ago, when it looked as if we were app-roaching the top of the cycle, I asked a number of property companies how they expected to cope in a downturn. Remember, many commercial property developers had been completely wiped out in the recession of the early 1990s.

Reed joins scramble to secure long-term finance via ‘forward start’ deals

Indebted companies worried about refinancing loans are increasingly turning to deals known as “forward start” facilities, which allow them to secure long-term debt without the banks having to pay new money up front.

CAA faces crisis as Barclays shuts its purse

Airline watchdog may have to go to Treasury, cap in hand, as bank digs in heels on £60m overdraft limit

Barclays hit by credit rating blow

Barclays Bank faced a new challenge yesterday as credit ratings agency Moody’s cut its rating by two full notches, leading to a one-tenth fall in its share price. As well as falls in stock making fundraising through rights issues harder, a lower credit rating tends to make borrowing more expensive. The ratings agency cut Barclays’ rating to Aa3 on expectations the bank has not yet finished writing down the value of its assets.

Market Report: S'no ball for the City as traders frozen out

It was snow joke for traders in the City yesterday, as many took one look at the weather conditions and stayed at home. They were not the only things grounded by the bad weather, as the snow scuppered British Airways' share price as well as its planes.

Calls for 'B20' forum to link global business and banking leaders

British business leaders here in Davos want to see the formation of a "B20" of global business and banking bosses to develop a dialogue with governments over financial reform, writes Jeremy Warner.

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