News

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.

Firm's secretaries to reap pounds 120,000 bonus

A SELECT group of City secretaries stand to make about pounds 120,000 each from what must be the ultimate in staff incentive schemes. Their top boss, on the other hand, is expecting to pick up a cool pounds 100m from the same deal.

People and Business: A tale of two tastings

THE CITY press corps faced a vexing dilemma on Tuesday night: whether to go to the German beer tasting at Commerzbank, or the French wine tasting at AXA.

Greycoat shares soar in bid battle

SHARES OF property group Greycoat soared yesterday on news of a 29 per cent increase in net asset value to 283p per share, helping the company in its fight against a pounds 218m takeover attempt by rival Delancey Estates, controlled by George Soros.

One2One slashes its call rates

ONE2ONE, the mobile phone network currently up for sale, yesterday tried to claw back some of the ground it has lost to its rivals in the competitive mobile phone market by slashing its call rates.

COMPANY OF THE WEEK: Cable & Wireless

VEBA, Germany's top utility, sold its 10.2 per cent stake in Cable & Wireless at a profit of pounds 900m, raising funds to invest in its own phone ventures. ABN Amro and Cazenove placed the shares at 735p each, an 11.5 per cent discount on the previous week's price of 830.5p.

Commerzbank seeks stake in Fleming

GERMANY'S Commerzbank, has let it be known in the City that it is ready to offer up to pounds 24 a share for a majority stake in Robert Fleming, a price that would value the firm, one of the few remaining independent British investment banks, at more than pounds 4bn.

People and Business: White out

PROMPTED BY BNP's hostile bid for Paribas/Societe Generale, a Parisian mole has told me the following tale.

Market Report: Investors climb aboard the leisure revival

ARE LEISURE shares at last ending their long, debilitating bear run? The sudden awareness of the neglected value lurking on the market undercard, plus the inevitable takeover whispers, helped the run-down sector score a 3.3 per cent gain on a day most shares were in retreat.

Faith in euro grows daily

TRADING in the euro rose in the first five days of the new currency's existence. Some firms reported a fivefold increase in the size of average trades as concern that computer systems wouldn't cope with the change faded.

Fleming denies Commerzbank bid

ROBERT FLEMING, one of the UK's last remaining independent investment banks, yesterday moved to squash rumours that it had rejected a pounds 3bn offer from Commerzbank because of opposition to a takeover from its founding family.

Shell and Texaco abandon alliance

THE OIL SECTOR was thrown into fresh turmoil yesterday after Shell and Texaco abandoned plans to merge their downstream European operations, and reports suggested that the French oil groups Elf Aquitaine and Total are to form an alliance with Petrofina of Belgium.

Europe's insurers eye UK market

News Analysis: The euro is likely to ignite merger mania among insurance giants

Lloyds rebuffed by French in Lyonnais sell-off talks

LLOYDS TSB, the high street banking giant, has held top-level discussions with the French government about participating in the pounds 4bn privatisation of the bank Credit Lyonnais.

Architecture: The architectural legacy of Stephen Lawrence

The search is on for the winner of the James Stirling prize and a new award in memory of Stephen Lawrence is announced. By Nonie Niesewand

Turmoil halts the IPO gravy train

News Analysis: Investment houses will pay dearly if the number of flotations does not pick up again soon
Arts and Entertainment
The Doctor and Clara have their first real heart to heart since he regenerated in 'Deep Breath'
TV
Arts and Entertainment
James Hewitt has firmly denied being Harry’s father
arts + ents
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Jamie Oliver
filmTV chef Jamie Oliver turned down role in The Hobbit
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The official police photograph of Dustin Diamond taken after he was arrested in Wisconsin
peopleDownfall of the TV star charged with bar stabbing
Life and Style
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Jeremy Clarkson, left, and Richard Hammond upset the locals in South America
tvReview: Top Gear team flee Patagonia as Christmas special reaches its climax in the style of Butch and Sundance
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Sport
Ashley Barnes of Burnley scores their second goal
footballMan City vs Burnley match report
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Peter Mayhew as Chewbacca alongside Harrison Ford's Han Solo in 'Star Wars'
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Day In a Page

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
A timely reminder of the bloody anniversary we all forgot

A timely reminder of the bloody anniversary we all forgot

Who remembers that this week we enter the 150th anniversary year of the end of the American Civil War, asks Robert Fisk
Homeless Veterans appeal: Former soldiers pay their respects to a friend who also served

Homeless Veterans appeal

Former soldiers pay their respects to a friend who also served
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing

Scarred by the bell

The downfall of the TV star charged with bar stabbing
Why 2014 was a year of technological let-downs

Why 2014 was a year of technological let-downs

Security breaches and overhyped start-ups dominated a year in which very little changed (save the size of your phone)
Cuba's golf revolution: But will the revolutionary nation take 'bourgeois' game to its heart?

Will revolutionary Cuba take 'bourgeois' golf to its heart?

Fidel Castro ridiculed the game – but now investment in leisure resort projects is welcome
The Locked Room Mysteries: As a new collection of the genre’s best is published, its editor Otto Penzler explains the rules of engagement

The Locked Room Mysteries

As a new collection of the genre’s best is published, its editor explains the rules of engagement
Amy Adams on playing painter Margaret Keane in Tim Burton's Big Eyes

How I made myself Keane

Amy Adams hadn’t wanted to take the role of artist Margaret Keane, because she’d had enough of playing victims. But then she had a daughter, and saw the painter in a new light
Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Parting view of Ofcom chief... we hate jokes on the disabled

Bad language once got TV viewers irate, inciting calls to broadcasting switchboards. But now there is a worse offender, says retiring head of the media watchdog, Ed Richards
A look back at fashion in 2014: Wear in review

Wear in review

A look back at fashion in 2014
Ian Herbert: My 10 hopes for sport in 2015. Might just one of them happen?

Ian Herbert: My 10 hopes for sport in 2015

Might just one of them happen?
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?