News The rise in the cost of groceries has contributed to the rise in people using food banks, such as this one in Poplar

The Government has been accused of protecting corporate profits at the expense of the world’s poorest people by trying to block European Union reforms to curb food speculation.

Trevor Reid leaves Xstrata with £5.5 million pay-off

Xstrata's chief financial officer, Trevor Reid, is quitting the mining giant with a £5.45m pay-off after announcing his resignation just two weeks after it finally sealed its £56bn mega-merger with commodities trader Glencore.

Xstrata finance chief Reid to quit after completion of Glencore mega-merger

Xstrata's chief financial officer, Trevor Reid, is quitting the mining giant with a £5.45m pay-off after announcing his resignation just two weeks after it finally sealed its £56bn mega-merger with commodities trader Glencore.

Electric pylons are shown linking the Hinkley Point Nuclear Power Station to the National Grid

Government accused of forcing consumers to subsidise some of Britain’s biggest corporations after Energy Bill is published

Big energy-intensive companies could be exempt from the extra costs of the switch to renewable energy

Glencore/Xstrata merger approved

A multibillion-pound merger to create a new natural resources powerhouse was approved by shareholders today - but without paying a controversial retention package to senior managers.

Bonus snag as Qatar backs Glencore and Xstrata deal

The proposed £56bn merger between Glencore and Xstrata was in effect sealed yesterday, but with a twist, as the key shareholder Qatar blessed it but failed to back a £140m package of retention bonuses.

George Entwistle
A popular choice as Director-General, the BBC careerist has been pitched into a news crisis that threatens his position.

Jimmy Savile affair: The key players

George Entwistle

Morgan Stanley beats forecasts

The US investment bank Morgan Stanley swung to a $1bn (£620m) loss over the third quarter – but beat market hopes with earnings that rose on the back of strong revenues from its bond-trading business.

Goldman beats forecasts to roar back to profit –and big bonuses

Goldman Sachs smashed Wall Street forecasts with its third-quarter figures yesterday.

Got time, as well as cash? Why not run your own pension?

An imposed workplace scheme is not the only option for retirement, as more low-cost Sipps come on to the market, reports Chiara Cavaglieri

Xstrata and Glencore agree deal for £56bn merger

After weeks of arguments involving numerous twists and turns, Xstrata and Glencore have finally agreed to proceed with a £56bn merger that would create a game-changing mining and commodities trading giant.

Green light at last for £56bn merger of mining giants

Glencore and Xstrata resolve key differences hours before deadline was due to expire

EU to vet £50bn mining merger

The battleground over the £50bn mining megamerger of Xstrata and Glencore is expected to move from the City to Europe tomorrow.

Market Report: City warms to Yule tidings of takeover

Rubber medical gloves aren't usually an item that gets the pulse racing of your average City trader, but last night chemical maker Yule Catto & Co did just that.

The Business Matrix: Monday 27 August 2012

Unicredit sucked into sanctions row

Business week in review

In profit...

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