News

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

Forth Ports opens books to Arcus for £744m bid

Britain's last independent listed ports operator may finally be about to sell out as Forth Ports opens its books to a £744m offer from Arcus Capital.

Market Report: Kingfisher falls back as B&Q worries build up

Kingfisher closed at its lowest price since December last night thanks to fears over the challenges facing its flagship B&Q chain.

FSA fines Deutsche for 'irresponsible' mortgages Mortgages

The financial watchdog has slapped a fine on DB Mortgages, the first time a mortgage lender has been censured for "irresponsible lending" and the fourth time a lender has been fined in the past two years.

David Prosser: A watchdog that failed to bark or bite

Outlook The case of Deutsche Bank's irresponsible mortgage lending might be seen as a microcosm of everything that has been wrong with the UK's approach to protecting consumers from the financial services industry's sales sharks over the past few years. And the fact that the Financial Services Authority has now whacked the bank with a big fine and an even bigger compensation bill is no vindication of the regulatory system.

Lender fined over mortgage failings

A sub-prime lender has been fined £840,000 and told to pay £1.5 million in compensation for irresponsible lending practices and failing to treat customers who fell behind with their mortgages fairly.

Lambert among business brains chosen for new regulatory body

The four external members appointed by Chancellor George Osborne to join a new Bank of England committee which will oversee financial regulation in the UK were announced yesterday, as the Government released more details on its plans to replace the Financial Services Authority (FSA).

Looking North: The solution to Britain's laddish boardrooms

The evidence is that quotas work. More importantly, they make a difference to the bottom line. Margareta Pagano investigates

The Business On... Axel Weber, President, Deutsche Bundesbank

The archetypal German banker?

Demand for metals will double within 20 years, says Rio Tinto

Rio Tinto is bullish about future prospects, as a senior executive yesterday predicted the demand for some metals would double in less than two decades.

Service sector revels in thaw to bounce back

Companies in the service sector – which accounts for 70 per cent of GDP – bounced back to business as usual in January, after the early heavy snow disrupted their activities in December.

Cuts pay off for BT as broadband pressures rise

BT Group will hope to put out a strong response to moves by rivals to muscle in on its territory when it reports third-quarter numbers this week.

Business Diary: New Look tries to bury the bad news

Good for Nick Bubb, the Arden Partners retail analyst, for calling it like it is. Did those retailers with less-than-happy trading news to impart choose yesterday because it was such a crowded day for high street updates, he wondered out loud in a note to clients. "This is a good day to bury bad news, so pride of place should go to the PR geniuses at Tulchan for choosing today to announce that like-for-likes at [their client] New Look were down 9 per cent," said the cynical Bubb.

Market Report: Regulation worries weigh on Vodafone

Investors were hanging up on Vodafone last night, as analysts urged caution over what the year ahead will bring for the telecommunications giant. Concerns over regulation and an increase in competition led Barclays Capital to reduce its advice on the mobile phone company to "equal weight" from "overweight".

The Week Ahead: Ocado hopes update will keep it driving forwards

Investors were not exactly raving about Ocado after it floated in July, but things have been looking up recently for the online grocer and last week it finally made it past its initial float price of 180p.

Deutsche agrees to pay fine over tax-shelter advice

Deutsche Bank, the German financial giant, agreed to pay fines totalling $554m in order to avoid prosecution in the US over tax shelter advice it gave to wealthy investors.

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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 15 May 2015
The long walk west: they fled war in Syria, only to get held up in Hungary – now hundreds of refugees have set off on foot for Austria

They fled war in Syria...

...only to get stuck and sidetracked in Hungary
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Title sequences: From The Prisoner to Mad Men

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Giorgio Armani Beauty's foundations

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From stowaways to Operation Stack: Life in a transcontinental lorry cab

Life from the inside of a trucker's cab

From stowaways to Operation Stack, it's a challenging time to be a trucker heading to and from the Continent
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Kelis interview

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Refugee crisis: David Cameron lowered the flag for the dead king of Saudi Arabia - will he do the same honour for little Aylan Kurdi?

Cameron lowered the flag for the dead king of Saudi Arabia...

But will he do the same honour for little Aylan Kurdi, asks Robert Fisk
Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Humanity must be at the heart of politics, says Jeremy Corbyn
Joe Biden's 'tease tour': Could the US Vice-President be testing the water for a presidential run?

Joe Biden's 'tease tour'

Could the US Vice-President be testing the water for a presidential run?
Britain's 24-hour culture: With the 'leisured society' a distant dream we're working longer and less regular hours than ever

Britain's 24-hour culture

With the 'leisured society' a distant dream we're working longer and less regular hours than ever
Diplomacy board game: Treachery is the way to win - which makes it just like the real thing

The addictive nature of Diplomacy

Bullying, betrayal, aggression – it may be just a board game, but the family that plays Diplomacy may never look at each other in the same way again
Lady Chatterley's Lover: Racy underwear for fans of DH Lawrence's equally racy tome

Fashion: Ooh, Lady Chatterley!

Take inspiration from DH Lawrence's racy tome with equally racy underwear
8 best children's clocks

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Whether you’re teaching them to tell the time or putting the finishing touches to a nursery, there’s a ticker for that
Charlie Austin: Queens Park Rangers striker says ‘If the move is not right, I’m not going’

Charlie Austin: ‘If the move is not right, I’m not going’

After hitting 18 goals in the Premier League last season, the QPR striker was the great non-deal of transfer deadline day. But he says he'd preferred another shot at promotion
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea