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.

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Louis Theroux's affable Englishman routine begins to wear thin

By Reason of Insanity

Louis Theroux's affable Englishman routine begins to wear thin
Power dressing is back – but no shoulderpads!

Power dressing is back

But banish all thoughts of Eighties shoulderpads
Spanish stone-age cave paintings 'under threat' after being re-opened to the public

Spanish stone-age cave paintings in Altamira 'under threat'

Caves were re-opened to the public
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Vince Cable interview

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The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat

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He built his own reef, and was fatally shot there by an Israeli gunboat
Saudi Arabia's airstrikes in Yemen are fuelling the Gulf's fire

Saudi airstrikes are fuelling the Gulf's fire

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We wince at the anguish of One Direction's fans, but Malik's departure shows the perils of fame in the age of social media
Young Magician of the Year 2015: Meet the schoolgirl from Newcastle who has her heart set on being the competition's first female winner

Spells like teen spirit

A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

If fashion is a cycle, this young man knows just how to ride it

British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

Licence to offend in the land of the free

Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
From farm to fork: Meet the Cornish fishermen, vegetable-growers and butchers causing a stir in London's top restaurants

From farm to fork in Cornwall

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Robert Parker interview: The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes

Robert Parker interview

The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
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Don't believe the stereotype - or should you?

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