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.

BAE and Aviva are under fire over top pay

The Local Authority Pension Fund Forum has the aerospace giant BAE and insurance group Aviva in its sights as it battles for "reasonable" pay at top businesses.

Simon English: Why RSA's chief could have a rebellious time

Outlook Just how much trouble is Simon Lee of RSA in? Perhaps the answer is this: more than he seems to realise. The boss of the insurer with the fake Morgan Freeman adverts has been under the cosh ever since he shocked the market, and his own shareholders, by slashing the dividend by a third.

WPP's Sir Martin Sorrell pockets £17m despite pay cut

The advertising giant WPP is hoping it can head off another investor revolt over its chief executive Sir Martin Sorrell's pay by cutting his base salary and potential bonus, even as it was revealed that his package soared by nearly half to £17.6m last year.

BP starts to motor again as profits overtake the forecasts

BP chief executive Bob Dudley today offered some evidence that his turnaround of the beleaguered oil giant is heading the right way.

Senior director at Asos to leave

One of the architects of Asos's growth over the past decade is to step down from the online retailer. Its international director, Jon Kamaluddin, is to leave the board in October and exit the clothing specialist by December.

Hamish McRae: Why shares thrive while the economy flounders

Economic View: Apply the buy/sell rule to equities over the past 40 years and you would have spent 2000 to 2008 outside the market

Sir Des Champs spurs fresh belief

He looked all out at the line, but still the suspicion persists that we have yet to see the very best of Sir Des Champs. Certainly, Willie Mullins viewed a thrilling success here not so much as consolation for his defeat in the Cheltenham Gold Cup last month, but rather as a new spur to the belief he could still turn things round with his conqueror, Bobs Worth, in the same race next year. While at pains not to be too specific, Ireland's champion trainer evidently feels things conspired against Sir Des Champs at Cheltenham – and that different going, and tactics perhaps, could also yield a different result.

Crawl at Caterpillar

Caterpillar cut its 2013 profits forecast yesterday as it posted disappointing results amid a drop in demand for heavy equipment from its mining customers. But Doug Oberhelman, its chairman and chief executive, said the mining sector has hit bottom and production was now expected to ramp up.

Profit alert at Spirent

The telecoms testing kit supplier Spirent warned that profits for the first three months of the year would be lower than expected yesterday as major customers in all parts of the world delayed spending.

A survey has claimed that three-quarters of hospital wards in England are operating with unsafe staffing levels at least once a month

Dividends fall but are set for rebound

Payouts to shareholders plunged by a quarter in the first three months of the year. But the dividends slump is down to a distortion caused by massive special payouts awarded last year.

BHP's new boss cuts his salary and ousts rivals

BHP's incoming chief executive Andrew Mackenzie has begun with a bang, cutting his own expected salary by a quarter and ousting the trio of senior staff who were chief contenders for his new job.

Michael Page warns of 'challenging' future after nosedive

Michael Page saw its share price drop 5 per cent after the white collar recruiter admitted it had seen a double-digit plunge in profits at its French and German offices in the first three months of 2013.

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.

Arts and Entertainment
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Prices correct as of 17 October 2014
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Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
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If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

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Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
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How to dress with authority

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Sean Harris: A rare interview with British acting's secret weapon

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