News Mayor of Toronto Rob Ford had to issue an apology after falsely claiming a reporter took photos of his children

Toronto Mayor Rob Ford has apologised after he claimed a Canadian reporter was “lurking” around his house, climbing his fences and taking photos of his children.

With friends like this ...

The Daily Telegraph has turned on John Major. Paul Vallely charts his souring relationship with the Tory press barons

Telegraph profits slide but outlook brighter

Profits at the Telegraph Group, the national newspaper publisher, plunged by more than 20 per cent in 1995, as the company struggled with higher newsprint prices and the effects of a debilitating cover price war, writes Mathew Horsman.

BOOK REVIEW / Up to a point, Mr Black

SHADES OF BLACK by Richard Siklos, Heinemann pounds 20

Hartwell share sale ends Telegraph link

DAVID HELLIER

The royal show that none of us can bear to switch off

Ian Jack's notebook

Woke up wid dem ol' workin' for de OFT blues

City & Business

When the music stops

Why look outside for a new editor when you can just play musical chairs with the ones you've got? By Jojo Moyes

Editor switches to daily beat at the 'Telegraph'

After nearly three weeks of waiting, Charles Moore was finally named editor of the Daily Telegraph last night. Dominic Lawson, currently in charge of the Spectator magazine, will replace Mr Moore as editor of the Sunday Telegraph.

Bidder tunes into SelecTV

Pearson denies bid for Telegraph but likely to extend its TV interests

Relics of empire up for sale

BUNHILL

No Telegraph buyout planned

MATHEW HORSMAN

COMMENT : Expect the stock market to run out of steam

The UK stock market has been bouncing around at about its present level - close to its high for the year - for most of the summer. Is the bull run about to be resumed or is the next decisive move going to be downwards? As yesterday's clutch of statistics underlined, most of the economic news is poor right now. Inflation is rising and for the first time in two years, so is unemployment. The situation on the High Street may be improving a little but public finances are not. The latest set of figures merely confirms that the Government is hopelessly out of kilter with its borrowing targets; a snowball in hell would stand a better chance than the Government does of meeting its PSBR forecast. Pressure on interest rates may be easing but the Chancellor's scope for meaningful tax cuts in the November Budget is fast disappearing too.

Reed puts pounds 1bn of publishing on the market

MATHEW HORSMAN
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