News

The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.

RIT Capital's net asset value hits record high

The City veteran Lord Rothschild continues to produce the goods at his investment trust RIT Capital Partners.

Citigroup profits on the up

Citigroup reported a 31 per cent rise in first-quarter profits as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled.

Ladbrokes bitten by Cheltenham favourites and big freeze

Bookmaker Ladbrokes took a pasting at the Cheltenham festival last month, and with 62 days of other race meetings lost to the freezing weather in the first quarter it warned profits this year will be at the lower end of forecasts.

Bird flu outbreak hits KFC in China

Bird flu is threatening to throw KFC's owner Yum Brands, the biggest foreign fast-food chain operator in China, off its 11-year course of double-digit profit growth.

€2bn EADS stake sold

The French media group Lagardère has sold its 7.4 per cent stake in Airbus's owner EADS for €2.3bn (£1bn), sparking an overhaul in ownership of Europe's biggest aircraft maker.

Sinclair sales nipped in the bud as freeze hits gardeners

British gardeners have suffered one of the slowest starts to the growing season for years with daffodils and snowdrops still crowding the flowerbeds where bedding plants would normally be taking root by now.

BP bounces back – but can it last?

Oil giant says it has turned the corner after 2010's disastrous Gulf of Mexico spill, yet a multi-billion civil claim could cost it dearly, reports Tom Bawden

Sterling's silver lining

The chances of incoming Bank of England Governor Mark Carney finding a triple-dip recession in his in-tray this summer could fall on Tuesday as manufacturers attempt to bounce back from a January slump.

HP chief steps down after criticism of botched $11bn deal to buy Autonomy

HP, the American technology giant that has been battling to contain shareholder displeasure over its botched deal to buy Autonomy, has shaken up its top ranks, with executive chairman Ray Lane, who was only narrowly re-elected at the company’s annual meeting last month, stepping down from his post.

£1m pay cut for City veteran Terry Smith

The City stalwart Terry Smith has felt the pinch from a “not particularly vintage year” as his pay and bonuses fell by almost £1m.

Metalrax sale saves 387 jobs

Almost 400 jobs have been saved after Metalrax, the Midlands-based maker of bakeware and kitchen accessories, was sold out of administration to the engineering group Bowman Birmingham.

The Oxford University boat crew (L) competes against the Cambridge University crew during the annual boat race

Rowing: Matthew Pinsent eyes umpire role in women's university boat race

Sir Matthew Pinsent would relish the opportunity to umpire the first ever women's Boat Race to be held on the Championship course between Putney and Mortlake when the event moves from Henley in 2015.

The Highways Agency’s South-east base in Godstone, Surrey

George Osborne takes first step on road to privatising Britain's highways

The Government risks angering trades unions with plans to commercialise the running and repair of Britain's core roads network, a move likely to lead to full privatisation.

US jobs data fails to dent optimism

The number of Americans filing new claims for unemployment benefits rose last week, but not enough to suggest that the labour market recovery was taking a step back.

Glencore slips but the bosses prosper finance chief Steven Kalmin sees total pay package jump by nearly half to £2.1m

Glencore finance chief Steven Kalmin saw his total pay package jump by nearly half to £2.13 million in 2012, a  year in which the commodities trading giant’s profits tumbled by three quarters.

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