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Jail-sentenced billionaire Mehmet Karamehmet is being sued for almost $10m (£6.6m) in the High Court over loans issued to Maltese shipping company Blue Shipping.

Jupiter staff to share pounds 500m

THE 300 staff at Jupiter, the Knightsbridge-based fund manager, are to receive windfalls totalling pounds 500m in the next few days.

Ayling declares BA has turned the corner despite 80% profits slump

BRITISH AIRWAYS declared yesterday that it had started to turn the corner despite reporting a drop of more than 80 per cent in profits for the second quarter - traditionally its most profitable period of the year.

Architecture: A river city is reborn

A bold scheme masterminded by Norman Foster and Terry Farrell is to regenerate the once great, now sadly run-down city of Hull. By Nonie Niesewand

BA warns of job cuts as profits dive by 80%

BRITISH AIRWAYS yesterday warned of job cuts and refused to rule out the possibility of falling into loss this year for the first time since privatisation 12 years ago.

Duty-free dies and chaos takes its place

WITH duty-free due to be abolished in the European Union from midnight on Wednesday, ferry companies face a difficult week as customs officials work down to the wire to hammer out details of the new regime.

Commerzbank to take stake in CL

GERMANY'S COMMERZBANK yesterday said that its management board had agreed to accept the French government's offer of a 4 per cent stake in the planned privatisation of Credit Lyonnais. Martin Kohlhaussen, Commerzbank's chief executive, said the two banks planned to co-operate on operations in France, Germany and internationally, with the possibility of pulling CL into Commerzbank's existing network.

Commerzbank buys Credit Lyonnais stake

GERMANY'S COMMERZBANK yesterday said that its management board agreed to accept the French government's offer of a 4 per cent stake in the planned privatisation of Credit Lyonnais.

Ashcroft homes in on Smith Square

City People

Investment: Sharewatch

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Focus: Sex sells, even in a deflating market

AN UNUSUAL crowd is sipping champagne on the 49th floor of the Commerzbank tower. Bankers in sober suits ogle the waitresses: leggy, under-dressed young things straight out of a men's magazine. In the middle of the melee , an elderly woman fixes her piercing blue eyes on the cameras, while the PR people work on the assembled journalists, each hack clutching a little gift package tied with a pink ribbon. "Share our sexy business," urges a poster at the entrance.

C&W to raise pounds 3.8bn on the back of One2One stake

CABLE & WIRELESS, the UK's second largest telecoms company, yesterday said it was raising pounds 3.8bn to give it extra financial muscle by effectively using its stake in One2One as collateral.
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There will be a chance to bid for a rare example of the SAS Diary, collated by a former member of the regiment in the aftermath of World War II but only published – in a limited run of just 5,000 – in 2011
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Claudia Winkleman and co-host Tess Daly at the Strictly Come Dancing final
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Caroline Flack became the tenth winner of Strictly Come Dancing
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The Apprentice finalists Mark Wright and Bianca Miller
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Elton John and David Furnish will marry on 21 December 2014
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Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
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The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there
The 12 ways of Christmas: Spare a thought for those who will be working to keep others safe during the festive season

The 12 ways of Christmas

We speak to a dozen people who will be working to keep others safe, happy and healthy over the holidays
Birdwatching men have a lot in common with their feathered friends, new study shows

The male exhibits strange behaviour

A new study shows that birdwatching men have a lot in common with their feathered friends...
Diaries of Evelyn Waugh, Virginia Woolf and Noël Coward reveal how they coped with the December blues

Famous diaries: Christmas week in history

Noël Coward parties into the night, Alan Clark bemoans the cost of servants, Evelyn Waugh ponders his drinking…
From noble to narky, the fall of the open letter

From noble to narky, the fall of the open letter

The great tradition of St Paul and Zola reached its nadir with a hungry worker's rant to Russell Brand, says DJ Taylor
A Christmas ghost story by Alison Moore: A prodigal daughter has a breakthrough

A Christmas ghost story by Alison Moore

The story was published earlier this month in 'Poor Souls' Light: Seven Curious Tales'
Marian Keyes: The author on her pre-approved Christmas, true love's parking implications and living in the moment

Marian Keyes

The author on her pre-approved Christmas, true love's parking implications and living in the moment
Bill Granger recipes: Our chef creates an Italian-inspired fish feast for Christmas Eve

Bill Granger's Christmas Eve fish feast

Bill's Italian friends introduced him to the Roman Catholic custom of a lavish fish supper on Christmas Eve. Here, he gives the tradition his own spin…
Liverpool vs Arsenal: Brendan Rodgers is fighting for his reputation

Rodgers fights for his reputation

Liverpool manager tries to stay on his feet despite waves of criticism
Amir Khan: 'The Taliban can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'

Amir Khan attacks the Taliban

'They can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'
Michael Calvin: Sepp Blatter is my man of the year in sport. Bring on 2015, quick

Michael Calvin's Last Word

Sepp Blatter is my man of the year in sport. Bring on 2015, quick