News

It was once only a brave investor who’d bet against fashion favourite Asos, but yesterday two City experts called time on the stock.

Market Report: Monitise still a hot tip after shares sale

Even management selling a wedge of shares in mobile banking technology group Monitise yesterday wasn’t enough to put punters off the hotly tipped stock.

Investors hit £54bn jackpot as Vodafone seals Verizon deal

Shareholders to scoop 71 per cent of proceeds from company’s £84bn sale

Goldman Sachs’s UK profits take a tumble

Goldman Sachs’ London operation has seen pre-tax profits slump 60 per cent to $335m (£216m) in the first six months of the year.

James Moore: Hank Paulson may regret his lenient line on bankers

Outlook Talking of banking, and common sense, has no less a personage than Hank Paulson undergone a damascene conversion and joined the ranks of those questioning the financial world's addiction to bonuses?

Jim Armitage: Technology entrepreneurs who are changing the script of Greek tragedy 

Global Outlook: Athens now has four venture capitalist houses – a couple of years ago there were none

Hi-tech UK manufacturer sucks up new foreign owner

A historic slice of Britain’s engineering history was sold off to foreign buyers for the third time in seven years yesterday as Sweden’s Atlas Copco bought the vacuum technology business Edwards Group in a $1.6bn (£1bn) deal.

Market Report: Imagination gains from Apple move

Microchip makers piggybacked on a rally at Apple yesterday sparked by Carl Icahn, the veteran US investor, taking a stake the iPhone maker. Apple shares hit a six-month high after Mr Icahn revealed on Twitter that he is pushing for a larger buyback at the US tech giant after he built up a large position in Apple and held talks with its chief executive, Tim Cook.

The Business Matrix: Saturday 3 August 2013

Ocado co-founder sells £3.3m shares

Fabrice Tourre could be barred from working on Wall Street

Former Goldman banker Fabrice Tourre defrauded investors, US court rules

Former vice-president found liable after complex subprime mortgage deal that led to $1bn losses

James Ashton: No wonder Tony Hayward doesn't want to stay on

Outlook Now his business is concentrated about as far from Britain as you can get, Tony Hayward is ideally placed to comment on our looming energy crisis. A manifesto published by the former BP boss the other day urged the Government not to turn its back on fossil fuels, to build our own nuclear power stations instead of hoping the French will do it for us and to slash subsidies for on and offshore windpower. Sounds easy.

Fabrice Tourre wanted to 'feed Wall St greed' says SEC lawyer

Fabrice Tourre fraudulently misled investors in a bid to “feed Wall Street greed,” giving them “half the truth” about a sub-prime mortgage investment that ultimately went bad when the credit crunch tore through the housing market, a lawyer for the US Securities and Exchange Commission claimed yesterday in a closing argument before a New York jury.

A sharp hike in the price of aluminium can destabilise the world's economy

Goldman Sachs in spotlight over 'aluminium price-hike' scandal

Financial giant is accused of exploiting rules over metal warehousing in order to manipulate commodity prices

The Goldman Sachs' building in London

Goldman Sachs profits beat Wall Street estimates to more than double to $1.93bn

Goldman Sachs has beaten Wall Street estimates by doubling its quarterly profit through investing its own money and underwriting.

The former Goldman Sachs trader Fabrice Tourre arrives at the Manhattan Federal Court in New York

Trial under way for ‘Fabulous Fab’ Fabrice Tourre, the Goldman Sachs poster boy for Wall Street greed

Former Goldman Sachs trader Fabrice Tourre is in court over allegations he misled investors

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Pompeii, Capri & the Bay of Naples
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Prices correct as of 30 January 2015
As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links