News

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

Rivals spark Virgin Atlantic deal talk

Virgin Atlantic today fuelled speculation it could pursue a merger or tie-up after it said it had received "a number of lines of enquiry".

Banks 'discuss joint bid to cut bonus payouts'

Britain's biggest banks are involved in behind-the-scenes talks over a joint plan to cut bonus payouts and boost lending to small businesses, it was reported today.

Investors in legal row over Gherkin advice

Court ruling against Deustche Bank could prompt fresh claims on City's landmark skyscraper

Week Ahead: Old Mutual investors hoping for sale update

The dust may have settled since HSBC decided last month to pull out of a £4.5bn deal to buy Nedbank, but for Old Mutual – the majority owner of the fourth-largest South African bank – the pressure is on to show that its other major sale will not be heading down the same direction when it publishes its third-quarter results on Thursday.

Bonus rules will lead to exodus of top bankers, EU warned

Some of the world's biggest banks have appealed to Europe's banking watchdogs to water down plans to curb bonuses or risk losing its best bankers.

Deutsche pay to outstrip Goldman

Deutsche Bank's investment bankers are set to earn more than their élite rivals at Goldman Sachs for the first nine months of this year. Germany's biggest bank has set aside money to pay an average €285,352 (£249,394) to each employee in corporate and investment banking. Total personnel costs per employee at Goldman Sachs, the Wall Street powerhouse notorious for its huge bonuses, were $370,706 (£235,074) in the same period.

James Moore: Now German bankers act like bankers

Outlook If you thought it was just the Anglo-Saxons in British and American banks that made Gordon Gecko look like a philanthropist, think again. One of the more interesting figures to come out of Deutsche Bank's results yesterday was that Deutsche has set aside more for bonus payments than even Goldman Sachs, which until now was the epitome of all that is wrong with the industry.

The Week Ahead: ARM's prospects linked to sales growth at Apple

Shares in the chip-maker ARM Holdings have been much in demand in recent weeks after rumours of a potential takeover resurfaced. That chat, along with a good contract win with Samsung, almost sent the Cambridge-based company's shares to an eight-year high in September.

Co-op may sell insurance arm

The Co-Operative Group may sell its life-insurance arm as it reorganises its financial-services division following last year's merger with Britannia, reports have suggested.

The Week Ahead: Bellway in spotlight as house price falls bite

The market will renew its focus on the housing market when Bellway posts its full-year figures this week.

Business Diary: No room for sentimentality

Deutsche Bank analyst Marc Geall didn't mince his words as he downgraded his rating of Autonomy from buy to hold. "Autonomy has neglected [investment]" he warned this week, adding "with management not confronting the issues, future volatility is still a risk". Geall should know – his profile on social networking site LinkedIn reveals that before joining Deutsche in July, he spent three years working at Autonomy, latterly as its head of corporate strategy.

The Business On... Lord Levene, Chairman, Lloyds of London

In the news again?

The great American mortgage crisis deepens

Foreclosure abuse has sparked anger at the banks, as fears over its impact on the fragile housing market grows. Stephen Foley investigates

Market Report: Standard Chartered banks gains on bid talk

Standard Chartered outshone its peers as the rumour-mongers touted bid theories last night.

The Business On: Sally Tennant, Chief executive, Kleinwort Benson

Good God, a female in the boardroom. Whatever next?

News
Mickey Rourke celebrates his victory against opponent Elliot Seymour
people
News
Gordon and Tana Ramsay arrive at the High Court, London
newsTV chef gives evidence against his father-in-law in court case
News
Actor Burt Reynolds last year
people
News
Johnny Handle, Northumberland, Ted Relph, President of Lakeland Dialect Society, and Sid Calderbank, Lancashire, founder of the National Dialect Day
newsMeet the enthusiasts determined to stop them dying out
News
The data shows that the number of “unlawfully” large infant classes has doubled in the last 12 months alone
i100Mike Stuchbery, a teacher in Great Yarmouth, said he received abuse
Arts and Entertainment
The starship in Star Wars: The Force Awakens
filmsThe first glimpse of JJ Abrams' new film has been released online
Sport
Rio Ferdinand returns for QPR
sportRio Ferdinand returns from his three-game suspension today
News
people

Watch the spoof Thanksgiving segment filmed for Live!
Career Services

Day In a Page

Independent Travel
Burgundy
Pompeii, Capri & the Bay of Naples
Lake Garda
Lake Como
Bruges
Paris
Prices correct as of 28 November 2014
Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

Christmas Appeal

Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

Is it always right to try to prolong life?

Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

What does it take for women to get to the top?

Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

Knitting pretty: British Christmas Jumpers

Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

French chefs campaign against bullying

A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

Just what you need on a New Year hangover...

Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
Cuba set to stage its first US musical in 50 years

Cuba to stage first US musical in 50 years

Claire Allfree finds out if the new production of Rent will hit the right note in Havana
Christmas 2014: 10 best educational toys

Learn and play: 10 best educational toys

Of course you want them to have fun, but even better if they can learn at the same time
Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

Paul Scholes column

I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

Lewis Moody: Lancaster has made all the right calls – now England must deliver

So what must the red-rose do differently? They have to take the points on offer 
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game