Money

In 1990 interest rates were at 15 per cent. You didn't need to be brain of Britain to know that rates at that level were not going to last. It should be easy, therefore, to look at interest rates today – standing at 0.5 per cent – and see this must be the bottom of the interest rate cycle, with little chance of them remaining at record lows in the medium to long term.

Full moon: The algorithm regards a full moon as a bad omen. In Greek mythology, werewolves appeared shortly after the full moon

Superstitious can play the markets with dawn of 'triskaidekaphobic trading'

Choose stocks avoiding the number 13 and using rules based on cycles of the moon

Investors did not challenge banks in 2011

Fund managers failed to tackle high pay awards before 'shareholder spring', new research shows

Spain given an extra year by Brussels to slash deficit

Beleaguered Spain was handed a lifeline by the European Commission (EC) yesterday as the nation was given an extra year to slash its deficit.

Spain thrown lifeline by Brussels with extra year to cut deficit

Relief for Madrid as fears over banks see country's borrowing costs at their highest since it joined euro

Spain 'shuffling towards the abyss'

The prospect of a multibillion-euro bailout for Spain increased today as the country's borrowing costs edged up on fears over its beleaguered banking sector.

Hedge fund manager who lied about losses fined £3m

A hedge fund manager accused by the Financial Services Authority of lying to investors about "catastrophic losses" has been fined a record £3m by the watchdog.

Hedge fund 'liar' Alberto Micalizzi fined record £3m and banned

A London hedge fund manager accused by the Financial Services Authority of lying to investors about "catastrophic losses" has been fined a record £3m by the watchdog.

Lying hedge fund boss Alberto Micalizzi fined £3m

A hedge fund boss who is accused of covering up losses of 390 million US dollars (£250 million) was facing a record £3 million fine from the City watchdog today.

Doubts arise over Madrid's ability to prop up its banks

Spain seemed to be moving closer to an official bailout yesterday as the country's borrowing costs soared and doubts over the ability of the Madrid government to prop up its ravaged banking sector multiplied.

Spain moves closer to bailout as borrowing costs hit new records

Fears mount over Madrid's ability to shore up its banking sector

Markets cautious over Spain fears

European markets remained in a fragile mood today with the euro dropping to near 11-month lows on concerns about Spain's ailing banking sector following the announcement of bailout plans for troubled lender Bankia.

Warm weather stifled sales at House of Fraser

House of Fraser has blamed warm weather, the consumer downturn and costs associated with opening a new distribution centre for a sharp fall in its profits last year.

World Champion Sebastien Vettel

Investment groups rev up Formula One float

Formula One's share flotation rolled on to the starting grid yesterday as venture capitalist CVC sold a $1.6bn (£1bn) stake in the business to three investment groups including BlackRock.

Conservative Party co-treasurer Peter Cruddas

Diary: What price to dine with the Prime Minister?

Donations of £250,000 a year will buy you dinner with David Cameron, the Conservative Party co-treasurer Peter Cruddas told undercover reporters in March. He had to resign as soon as his words – which Mr Cameron described as "completely unacceptable" – appeared in The Sunday Times.

Barclays to sell $6bn stake in US fund manager

Barclays is to sell its entire $6.1bn (£3.8bn) stake in the US fund manager BlackRock, which it has held for almost three years since selling Barclays Global Investors (BGI) to the Americans.

Career Services

Day In a Page

Independent Travel
Bruges
Lake Como
Burgundy
South AFrica
Paris
Northern Corsica
Prices correct as of 21 November 2014
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
There's a Good Girl exhibition: How female creatives are changing the way women are portrayed in advertising

In pictures: There's a Good Girl exhibition

The new exhibition reveals how female creatives are changing the way women are portrayed in advertising
UK firm Biscuiteers is giving cookies a makeover - from advent calendars to doll's houses

UK firm Biscuiteers is giving cookies a makeover

It worked with cupcakes, doughnuts and macarons so no wonder someone decided to revamp the humble biscuit
Can SkySaga capture the Minecraft magic?

Can SkySaga capture the Minecraft magic?

It's no surprise that the building game born in Sweden in 2009 and now played by millions, has imitators keen to construct their own mega money-spinner
The King's School is way ahead of the pack when it comes to using the latest classroom technology

Staying connected: The King's School

The school in Cambridgeshire is ahead of the pack when it comes to using the latest classroom technology. Richard Garner discovers how teachers and pupils stay connected
Christmas 2014: 23 best women's perfumes

Festively fragrant: the best women's perfumes

Give a loved one a luxe fragrance this year or treat yourself to a sensual pick-me-up
Arsenal vs Borussia Dortmund: Alex Oxlade-Chamberlain celebrates century with trademark display of speed and intuition

Arsenal vs Borussia Dortmund

The Ox celebrates century with trademark display of speed and intuition
Billy Joe Saunders vs Chris Eubank Jnr: When two worlds collide

When two worlds collide

Traveller Billy Joe Saunders did not have a pampered public-school upbringing - unlike Saturday’s opponent Chris Eubank Jnr
Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

Our partner charities help veterans on the brink – and get them back on their feet
Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

Putin’s far-right ambition

Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

Escape to Moominland

What was the inspiration for Finland's most famous family?