News

The City stockbroker Northland Capital Partners has been thrown into turmoil by the departure of its UK chairman and managing director.

Market update - 29 August

The FTSE 100 was up 22.2 points at 5623.4 and the FTSE 250 was up 90.6 points at 9362.3 at 11.50am today. Bradford & Bingley was down 1.75p at 48.5p after posting interim results, which Collins Stewart said were “were little short of appalling”. “Looking forwards, guidance is for margins to continue falling and [for] arrears [to] continue rising. Earnings outlook is therefore very weak. The margin issue is both the lack of ability to write new business currently available at higher margins, at least in part due to funding constraints, in our view,” the broker added.

Bradford & Bingley crashes into the red

Beleaguered lender Bradford & Bingley today said it had crashed into the red in the first half of 2008, after credit crunch losses and rising bad debts.

Market Update - 22 August

The FTSE 100 was up 57.3 points at 5427.5 and the FTSE 250 was up 120.7 points at 9059.8 at 11:41 on Friday morning.

Michael Page halts talks with Adecco after 'unattractive' offer

Michael Page has pulled out of talks with Adecco after three months, rejecting its rival's attempt to take control with an offer that values the group at £1.3bn as "materially undervaluing the company".

Bid battle intensifies as Collins Stewart profits take a plunge

Indian financial services group JM Financial is believed to have joined the bidding fray for City broker Collins Stewart, which reports first half profits this week.

Foreign suitor in bid talks with stockbroker Collins Stewart

Collins Stewart is in talks with a foreign suitor that could lead to Britain's biggest independent stockbroker being taken over.

So who says the credit crunch won't run to a second birthday?

The best hope for many is that recession will curb inflation and lower interest rates will curb recession, writes Richard Northedge

Dairy Milk sales keep Cadbury feeling sweet

Cadbury, the confectionary group, has revealed that it is to conduct a review of its global cost base, as it posted a 28 per cent rise in first-half pre-tax profit and robust sales of Cadbury's Dairy Milk, Trident sugarless chewing gum and the new Creme Egg Twisted Bar.

Market update - 24 July

The FTSE 100 was down 46.8 points at 5403.1 at 12:04 pm. Weaker commodity prices continued to weigh on the resource stocks, which proved a drag on the benchmark index. Tullow Oil was among the worst off, down over 6 per cent or 46p at 719.5p.

Daily Mail group hit by classified ads slowdown

The media group Daily Mail & General Trust suffered another sharp fall in advertising sales over the past three months, as the UK's economic slowdown continued to hit its newspaper groups.

Market Report: Daily Mail group tipped as key recovery play

A vote of confidence from Collins Stewart boosted Daily Mail & General Trust, the newspaper publisher which gained more than 5 per cent, or 16.25p, to 331.5p.

B&B's troubles make savers nervous as shares tumble again

Shares in Bradford & Bingley tumbled another 19 per cent yesterday amid the first signs that the bank's troubles were unnerving its savers.

TPG faces City backlash after shareholders rage at U-turn

Angry shareholders railed against Texas Pacific Group yesterday in the wake of its shock decision to pull its £179m investment in Bradford & Bingley.

Market Report: Aquarius shines on Xstrata bid speculation

Aquarius Platinum was firm yesterday after market rumours mooted the possibility of bid interest from Xstrata, the acquisitive Anglo-Swiss mining giant.

Market update - 24 June

The FTSE 100 was down 56.9 points at 5610.3 points at 11.43am on Tuesday. The FTSE 250 was also down and lost 136.3 points to 9184.3.

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Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

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eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

eBay's enduring appeal

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Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

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Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

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Josephine Dickinson: 'How I discovered a new world of sound'

After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
Greggs Google fail: Was the bakery's response to its logo mishap a stroke of marketing genius?

Greggs gives lesson in crisis management

After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

Matthew McConaughey sings the praises of bumbags

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From state of the art devices with stabilised cameras to mini gadgets that can soar around the home, we take some flying objects for a spin
Joey Barton: ‘I’ve been guilty of getting a bit irate’

Joey Barton: ‘I’ve been guilty of getting a bit irate’

The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
Andy Murray: I quit while I’m ahead too often

Andy Murray: I quit while I’m ahead too often

British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home