News

Outlook First Standard Chartered, then Experian, and now Sainsbury’s. It’s shaping up to be a year of boardroom upheaval, and it’s still only January. Who next? Well, a little bird tells me Schroders’ veteran chief executive Michael Dobson has sounded out confidants in the City about the idea of him becoming chairman of this granddaddy of fund managers, succeeding 69-year-old Andrew Beeson.

The Mishneh Torah on display at Sotheby's in New York,

550-year-old Jewish holy book Mishneh Torah - which was expected to make $5m at auction - bought by museums in New York and Jerusalem

Collection of Jewish artefacts being sold off by hedge fund manager Michael Steinhardt

Strike threat as 3,000 UK staff at HSBC face cuts

HSBC could be hit by strikes across its UK business after it warned more than 3,000 staff their jobs could be axed in its latest cost-cutting drive.

$500m settlement for Countrywide

Countrywide Financial, the US mortgage giant rescued by Bank of America at the height of the credit crisis, has settled a mortgage-backed securities lawsuit with its investors, led by the Iowa Public Employees' Retirement System, for $500m (£328m).

The Business Matrix: Friday 12 April 2013

Jobless levels hit a record high

An American car worker: poor data on jobs hit US stocks yesterday

Fears over US economy return after slowdown in jobs market

Worries that spending cuts and higher taxes are hitting employment prospects

'The process is useless and let's hope Berlusconi leaves the Italians in peace': Radio hoax on political sage looks to have scuppered plan to end government deadlock

Valerio Onida was duped by Radio 24 into thinking he was talking in confidence to the famous scientist Margherita Hack

Japan tries ‘shock and awe’ to jump-start stalled economy

The Bank of Japan launched “shock and awe” tactics today to pull the world’s third-biggest economy of its deflationary spiral with a hugh expansion of its money printing programme.

Weak pound 'is boost for companies based in UK'

A weak pound benefits UK companies and boosts shares prices on the London Stock Exchange, it has been claimed.

Market Report: Sports Direct chiefs cash in their shares

Sports Direct International is famous for flogging large amounts of tracksuits and trainers, but yesterday its bosses were making a name for themselves with the sale of large chunks of shares. David Forsey, chief executive, and the finance chief, Robert Mellors, have sold all their shares ahead of next month's reward scheme which will see them receive 1 million new shares in the new financial year.

Satyajit Das: Is this the return of a golden age... or are we all just running scared?

Midweek View: An investment made in bullion in the 15th century would have lost 90 per cent of its value over the next 500 years

Julian Knight: Don't become a victim to investment fashion

Hundreds of thousands of investors will be making a key decision this week – where to invest this year's Individual Savings Account (ISA) money before the end of the tax year on 5 April.

Market Report: Cupid plunges after Ukraine allegations

The latest tiff in the rocky love affair between investors and Cupid sent its shares down more than 57 per cent after the niche dating sites specialist was forced to respond to an article published in Ukraine.

Eurozone companies such as BMW still have a global footprint

The Analyst: In Europe you must find the right manager to drive funds

It is rare for the longevity of a fund manager to present a limitation to investors’ returns. Take Tim Stevenson, the manager of Henderson EuroTrust plc, who has been at the helm of the fund for more than 20 years. Under his stewardship, investors will have found little reason to complain as Mr Stevenson boasts an impressive long-term performance record. Indeed, under his tenure, the investment trust has returned a remarkable 1,400 per cent since its launch in 1992.

Rajaratnam's brother charged with insider dealing

Prosecutors in New York have charged Rengan Rajaratnam, the brother of the convicted hedge fund manager Raj Rajaratnam, with conspiracy and securities fraud, accusing him of conspiring with his sibling in insider trading.

Budget 2013: Osborne, a part-time Chancellor, is just fiddling on the edges of the economy

The new Employment Allowance is a good idea, but most other proposals are either inconsequential or likely to be ineffective. And the overall picture is still grim

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The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003