News

Istanbul aggressively increased its overnight lending rate to 12% from 7.75%

Barclays passes up discount to fight Qatari funding fine

Barclays is continuing to fight the City watchdog’s attempt to fine it £50m over the Qatari fundraising that staved off a taxpayer-funded bailout during the financial crisis.

The Week Ahead: Petra still showing diamond potential

Today

Making money from finding shiny diamonds in the ground is as hard as the shiny gems as the miners try to find. Costs have to be tightly controlled for a miner to make a good profit. But analysts think Petra Diamonds has managed just that. So although earnings might be a little behind the same time last year when it reports its full year results today, Rob Broke, analyst at Westhouse, maintains his Add recommendation. He thinks the company’s “respectable cost control” has made it still an attractive stock. Numis expects its results to be in line with expectations and thinks the “diamond market remains firm.”

The Business Matrix: Friday 13 September 2013

Laundry business boosts Photo-Me

Josef Ackermann: The Zurich Insurance Group chairman quit last week

Swiss executive's suicide note singles out 'aggressive' boss

Finance chief with Zurich Insurance was unhappy with high-profile chairman who has since resigned

Josef Ackermann spoke of ‘shock’ at the suspected suicide of his colleague

Shock as Zurich Insurance head Josef Ackermann quits after finance director's death

Josef Ackermann, the chairman of Switzerland’s top-ranking Zurich Insurance Group and a former head of Deutsche Bank, has stepped down with immediate effect following the suspected suicide of the company’s chief financial officer.

Bank of England Governor Mark Carney called for the defence

Bank of England Governor Mark Carney will be forced to defend his flagship policy of ‘forward guidance’ this week as markets bet on a faster fall in unemployment than the central bank predicts.

Market Report: Investors ditch Afren over Lion sale

The price that African oil explorer Afren got for its Lion Gas plant failed to keep investors happy and they headed for the exit yesterday.

Slavery in the City: Death of 21-year-old intern Moritz Erhardt at Merrill Lynch sparks furore over long hours and macho culture at banks

Young German worked until 6am for three consecutive days before collapse at home in east London    

High hopes for first Glencore results

The new powerhouse of world mining, Glencore Xstrata, will unveil its first set of half-year results next week with analysts expecting bumper profits approaching $6bn (£3.8bn).

Carney gives first steer on UK economy

New Bank of England guidance policy could see interest rates held for foreseeable future

RP Martin pair in court to hear Libor charges

Two former RP Martin brokers appeared in court yesterday before a trial into the alleged manipulation of the London interbank offered rate.

Jim Armitage: Yell in frustration after the demise of Hibu

The demise of Yellow Pages (I refuse to use its awful new names) will be studied by MBA students for decades as a case study of corporate insanity. Few businesses have been so badly run for so many years.

Investors wait on BSkyB buyback decision

BSkyB investors will be eager to see whether the pay-TV giant announces another big share buyback or if it wants to conserve cash for its Premier League football war with BT.

Market Report: Improving news digs miners out of trouble

Miners managed to dig themselves out yesterday after weeks of being in the red as the US bellwether Alcoa reported better than expected results. The aluminium producer is the first to report earnings in the US each quarter, and beat expectations this time around. This, combined with better economic news across the board, a rise in metal prices and news of falling Chinese production costs sent metal miners soaring.

Protestors block streets to European Central Bank in Germany in protests over austerity

Anti-capitalist protesters blocked streets leading to the European Central Bank in Germany in protests over austerity cutbacks.

Latest stories from i100
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 1 May 2015
Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before